Investment Overview

We are pleased to present 2386-94 W Jewett St, a 5- unit complex in the Linda Vista Neighborhood of San Diego, California. The asset features a combination of brand new 2 story townhomes and a detached SFR, with contemporary design and views of Mission Bay behind two luxurious and fully renovated street facing units. The property boasts a desirable unit-mix comprised of one (1) detached four-bedroom / three-bathroom SFR with 1,537 square feet, two (2) three-bedroom / three-bathroom 2-story townhome floorplans averaging 1,195 square feet, and two (2) three-bedroom / two-bathroom single-story units with 884 square feet. The single-story units have undergone extensive luxury renovations, with no expenses spared, and the finished product of the newly constructed townhomes is superior in kind and most important to quality. Interiors feature plenty of natural sunlight and are appointed with premium designer fixtures and finishes, granite countertops and backsplash, wood cabinetry, stainless-steel appliances, luxury vinyl-plank flooring, custom tile bath and shower enclosures, stylish glass staircase and deck railings, rooftop deck, ample closet space, recessed, ceiling fans, HVAC systems, and in-unit washers and dryers. Select units feature private yards and double car garages. 2386-94 W Jewett Street is located in the hills of Linda Vista, a highly desirable location undergoing significant gentrification as new developments are seen from most streets. The property provides direct access to University of San Diego (1.5 miles away), Mission Valley, University Town Center, and Downtown San Diego (a Tier-1 employment center). At the base of Linda Vista, the city of San Diego has developed the Morena Corridor Specific Plan, with the goal of improving traffic circulation, pedestrian and bicycle route upgrades, providing additional restaurant and commercial services with the extension of the trolley line. The property presents a rare opportunity for an investor to purchase a newly built and fully renovated asset in one of the most highly sought-after submarkets in San Diego County with additional upside through the conversion of the 3 double car garages into additional units.