Investment Overview

Marcus & Millichap is pleased to present the Stella Vista Apartment Homes, a luxury apartment complex located at 6675 Linda Vista Road in San Diego, California. Originally constructed in 1972, the 43-unit apartment complex is conveniently situated in central Linda Vista. Resting on a large 33,831 SF lot, the property totals approximately 35,113 rentable SF. Boasting a well-balanced unit mix, the complex consists of (1) Studio, (27) 1-bed/1-bathunits, (11) 2-bed/2-bath units and (4) 2-bed/1.5-bath units. The interior and exterior of the property were extensively renovated over the last 18 months. Exterior has been retrofitted with all dual pane vinyl windows, fresh paint, wood facade and modern landscaping. Unit interiors were thoughtfully updated with modern finishes including new stainless-steel appliances, hardware, custom cabinetry, premium flooring, and high-end quartz countertops. All units also feature new dishwashers and in-unit washer/dryers . The renovation also encompassed building systems including all new plumbing and electrical panels further extending the buildings longevity. Current ownership has submitted plans to the City of San Diego to add (20) additional units which would significantly increase cashflow and value. Tenants enjoy secure entry, large common courtyard with a pool, open grilling area, and (42) off-street parking spaces. Located centrally in Linda Vista, the property is near the popular Fashion Valley Mall as well as walking distance to top ranked private school, Francis Parker School, and the prestigious University of San Diego. Access to the 163 freeway and Interstate 8 are also close by allowing for simplified commutes to major employment centers of Downtown and Mission Valley. The complex also offers the advantage being within 15 minutes of San Diego International Airport, Pacific Beach, and Ocean Beach/Point Loma. Stella Vista Apartment Homes ultimately presents investors with the unique opportunity to acquire a large, turnkey asset with further potential to add value by building the planned additional units.