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Multifamily

Atlas on Angwin

3557 Angwin Dr, San Diego, CA 92123

Listing Price: $3,450,000

Cap Rate
4.85%
Number of Units
6
GRM
15.33
Price/Unit
$575,000
Price/Gross SF
$748.37
Gross SF
4,610

Investment Overview

Zorbas, Huffman, & Partners of Marcus & Millichap, as the exclusive listing agent, are pleased to present Atlas on Angwin, an exciting new multifamily development located at 3557 Angwin Drive in the Serra Mesa neighborhood of San Diego, California. The asset features 6 brand-new two-, and three-bedroom units, presenting a very well thought out and refined design concept with no expense spared.

Unit Interiors feature a profusion of natural sunlight with luxury fixtures and finishes, complimented with smart home keyless entry, recessed LED lighting, designer ceiling fans, high-end entries and flooring, quartz countertops, custom backsplash, full appliance packages, custom bathrooms, in-unit laundry, ample closet space, and ductless split HVAC systems. Select units feature vaulted ceilings and private patios. Community amenities include beautiful drought resistant landscaping design with drip irrigation, lighted pathways, and gated interior common area for tenants to relax in the Southern California sun! The project also boasts solar rooftop arrays, reducing utility costs for tenants, and with a utility bill back system in place further reducing utility costs for ownership.

In and of itself, Serra Mesa is a great home base offering a perfect blend of suburban urban feel. The area provides the ultimate convenience to beautiful parks with manicured green space, with modern joint-uses, great scenic walking trails and jogging areas, easy freeway access, and an abundance of restaurants, shopping, and coffee shops. The centralized location is proximate to Mission Valley, University Towne Center, downtown San Diego, and pristine Southern California coastline. Interstates -15, and -805 provide easy corridor access to major employment centers countywide and residents are just a short drive from Sea World, Balboa Park (home to the iconic San Diego Zoo), and Mission Bay. San Diego State West Campus and Snapdragon Stadium rest just south of Serra Mesa, along with several regional medical facilities, and thousands of acres of additional regional green spaces.

This pride of ownership opportunity is a highly efficient, urban infill project in a desirable centralized location near tier-1 employment centers, poised to deliver compelling returns to investors for generations to come.

Investment Highlights

  • New multifamily development completed December '23
  • Rare opportunity to acquire a pride of ownership asset in a high barrier to entry submarket
  • Boasts 100% two- and three-bedroom units, including single story and walk-up construction
  • Premium designer fixtures and finishes, in-unit washers & dryers, split-level HVAC systems, and select units with patios or balconies, and vaulted ceilings
  • Drought tolerant landscaping, drip irrigation, energy efficient lighting, and rooftop solar
  • Proximate to several Tier 1 employment centers at downtown San Diego, Kearny Mesa, and Sorrento Valley
  • Market-rate asset provides shelter from California AB-1482 rent control measures

Exclusively Listed By

Financing By

Multifamily

Atlas on Angwin

Listing Price: $3,450,000

Cap Rate
4.85%
Number of Units
6
GRM
15.33
Price/Unit
$575,000
Price/Gross SF
$748.37
Gross SF
4,610

Investment Highlights

  • New multifamily development completed December '23
  • Rare opportunity to acquire a pride of ownership asset in a high barrier to entry submarket
  • Boasts 100% two- and three-bedroom units, including single story and walk-up construction
  • Premium designer fixtures and finishes, in-unit washers & dryers, split-level HVAC systems, and select units with patios or balconies, and vaulted ceilings
  • Drought tolerant landscaping, drip irrigation, energy efficient lighting, and rooftop solar
  • Proximate to several Tier 1 employment centers at downtown San Diego, Kearny Mesa, and Sorrento Valley
  • Market-rate asset provides shelter from California AB-1482 rent control measures

Investment Overview

Zorbas, Huffman, & Partners of Marcus & Millichap, as the exclusive listing agent, are pleased to present Atlas on Angwin, an exciting new multifamily development located at 3557 Angwin Drive in the Serra Mesa neighborhood of San Diego, California. The asset features 6 brand-new two-, and three-bedroom units, presenting a very well thought out and refined design concept with no expense spared. Unit Interiors feature a profusion of natural sunlight with luxury fixtures and finishes, complimented with smart home keyless entry, recessed LED lighting, designer ceiling fans, high-end entries and flooring, quartz countertops, custom backsplash, full appliance packages, custom bathrooms, in-unit laundry, ample closet space, and ductless split HVAC systems. Select units feature vaulted ceilings and private patios. Community amenities include beautiful drought resistant landscaping design with drip irrigation, lighted pathways, and gated interior common area for tenants to relax in the Southern California sun! The project also boasts solar rooftop arrays, reducing utility costs for tenants, and with a utility bill back system in place further reducing utility costs for ownership. In and of itself, Serra Mesa is a great home base offering a perfect blend of suburban urban feel. The area provides the ultimate convenience to beautiful parks with manicured green space, with modern joint-uses, great scenic walking trails and jogging areas, easy freeway access, and an abundance of restaurants, shopping, and coffee shops. The centralized location is proximate to Mission Valley, University Towne Center, downtown San Diego, and pristine Southern California coastline. Interstates -15, and -805 provide easy corridor access to major employment centers countywide and residents are just a short drive from Sea World, Balboa Park (home to the iconic San Diego Zoo), and Mission Bay. San Diego State West Campus and Snapdragon Stadium rest just south of Serra Mesa, along with several regional medical facilities, and thousands of acres of additional regional green spaces. This pride of ownership opportunity is a highly efficient, urban infill project in a desirable centralized location near tier-1 employment centers, poised to deliver compelling returns to investors for generations to come.

Exclusively Listed By

Financing By

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