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Multifamily

The Villager

2821 Morena Blvd, San Diego, CA 92117

Listing Price: $8,100,000

Cap Rate
4.91%
Number of Units
20
GRM
14.74
Occupancy
100.0%
Price/Unit
$405,000
Price/Gross SF
$810.00
Gross SF
10,000

Investment Overview

Zorbas, Huffman, & Partners of Marcus & Millichap is pleased to present 2821 Morena Boulevard, a turnkey 20-unit property located in the highly desirable beachfront community of Bay Park, CA. Built in 1977, the property is situated on a .27-acre lot and is comprised of (20) twenty spacious studio units, with a 500 square foot average.

Discover "The Villager Bay Park", an impeccable 20-unit multifamily haven situated in San Diego's sought-after Bay Park neighborhood. Following a complete interior overhaul in 2023, the property now boasts luxury upgrades, including vinyl plank flooring, modern cabinetry, and vinyl double-pane windows. The prime location not only grants residents quick access to the beach and bay but also places them in the vicinity of diverse water activities. With a backdrop of numerous dining and retail amenities, renowned restaurants, and picturesque golf courses, the property offers an enriched living experience. Convenient connectivity via Interstate-5 ensures that "The Villager Bay Park" serves as an enticing prospect for investors seeking a distinctive asset in a vibrant and dynamic location.

The allure of this asset extends beyond its modern interiors, as residents find themselves in close proximity to a myriad of dining and retail options, and popular restaurants. The great access to Interstate-5 further connects the property to the entirety of San Diego County. This desirable location, coupled with the property's remarkable features, positions The Villager Bay Park as an ideal investment opportunity. Investors seeking a distinctive asset in a dynamic location will find the Bay Park neighborhood and its unique offerings highly appealing.

Investment Highlights

  • Recent luxury renovation for a high standard of living
  • Idyllic coastal San Diego location with beautiful views of Mission Bay
  • Steps away from the new Clairemont Drive Trolley Station
  • Convenient access to major job centers for employment access
  • Stabilized market rate asset providing shelter from AB-1482 and future rent control legislation
  • Abundant off-street parking for tenants

Exclusively Listed By

Financing By

Multifamily

The Villager

Listing Price: $8,100,000

Cap Rate
4.91%
Number of Units
20
GRM
14.74
Occupancy
100.0%
Price/Unit
$405,000
Price/Gross SF
$810.00
Gross SF
10,000

Investment Highlights

  • Recent luxury renovation for a high standard of living
  • Idyllic coastal San Diego location with beautiful views of Mission Bay
  • Steps away from the new Clairemont Drive Trolley Station
  • Convenient access to major job centers for employment access
  • Stabilized market rate asset providing shelter from AB-1482 and future rent control legislation
  • Abundant off-street parking for tenants

Investment Overview

Zorbas, Huffman, & Partners of Marcus & Millichap is pleased to present 2821 Morena Boulevard, a turnkey 20-unit property located in the highly desirable beachfront community of Bay Park, CA. Built in 1977, the property is situated on a .27-acre lot and is comprised of (20) twenty spacious studio units, with a 500 square foot average. Discover "The Villager Bay Park", an impeccable 20-unit multifamily haven situated in San Diego's sought-after Bay Park neighborhood. Following a complete interior overhaul in 2023, the property now boasts luxury upgrades, including vinyl plank flooring, modern cabinetry, and vinyl double-pane windows. The prime location not only grants residents quick access to the beach and bay but also places them in the vicinity of diverse water activities. With a backdrop of numerous dining and retail amenities, renowned restaurants, and picturesque golf courses, the property offers an enriched living experience. Convenient connectivity via Interstate-5 ensures that "The Villager Bay Park" serves as an enticing prospect for investors seeking a distinctive asset in a vibrant and dynamic location. The allure of this asset extends beyond its modern interiors, as residents find themselves in close proximity to a myriad of dining and retail options, and popular restaurants. The great access to Interstate-5 further connects the property to the entirety of San Diego County. This desirable location, coupled with the property's remarkable features, positions The Villager Bay Park as an ideal investment opportunity. Investors seeking a distinctive asset in a dynamic location will find the Bay Park neighborhood and its unique offerings highly appealing.

Exclusively Listed By

Financing By

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