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Multifamily

6219-25 Stanley Ave

6219 Stanley Ave, San Diego, CA 92115

Listing Price: $4,600,000

Cap Rate
4.92%
Number of Units
16
GRM
12.40
Occupancy
100.0%
Price/Unit
$287,500
Price/Gross SF
$400.42
Gross SF
11,488

Investment Overview

Zorbas, Huffman, & Partners of Marcus & Millichap are pleased to present 6219 & 6225 Stanley Avenue, a multifamily complex located in San Diego, California. The property is comprised of sixteen (16) spacious two-bedroom/one-bathroom units, ranging between 712 and 724 square feet, totaling approximately 11,488 rentable square feet (SF).

The property is strategically located in Rolando Village, one of San Diego’s most desirable mid-city urban neighborhoods. Residents enjoy quiet winding streets, a small business district, and a strong sense of community with walkable access to local eateries, entertainment, and storefront retail. San Diego State University, Mission Valley, and Downtown San Diego are just a few minutes away, and residents can reach the beach within 20-25 minutes. The College Area Business District primarily serves the neighborhoods surrounding San Diego State University (SDSU). SDSU is only a 6-minute drive away from Stanley Avenue, boasting a student body of over 34,000 students, generating $2.4 billion annually for the San Diego economy. This means that Rolando residents essentially have all the advantages of living in the eighth-largest city in the US, with major employment centers, entertainment, and recreation nearby, without needing to deal with the crowds or other challenges that sometimes accompany more densely populated urban and coastal communities.

This property presents a unique opportunity for an investor to purchase an asset in Rolando Village, one of the strongest submarkets at the forefront of rental growth in
San Diego. The new owner will enjoy the security of having the property situated near comparable apartment complexes, local shopping, and infrastructure, as well as having easy access to Mission Valley, Interstate 805, Interstate 8, and Highway 163

Investment Highlights

  • True value-add investment opportunity
  • Comprised entirely of two-bedroom/one bathroom units
  • Proximity to parks, restaurants, and other forms of entertainment
  • Minutes away from major employment centers such as Downtown, Mission Valley, and San Diego State University
  • Situated on separate and contiguous parcels
  • Approximately 1 mile from San Diego State University

Exclusively Listed By

Financing By

Multifamily

6219-25 Stanley Ave

Listing Price: $4,600,000

Cap Rate
4.92%
Number of Units
16
GRM
12.40
Occupancy
100.0%
Price/Unit
$287,500
Price/Gross SF
$400.42
Gross SF
11,488

Investment Highlights

  • True value-add investment opportunity
  • Comprised entirely of two-bedroom/one bathroom units
  • Proximity to parks, restaurants, and other forms of entertainment
  • Minutes away from major employment centers such as Downtown, Mission Valley, and San Diego State University
  • Situated on separate and contiguous parcels
  • Approximately 1 mile from San Diego State University

Investment Overview

Zorbas, Huffman, & Partners of Marcus & Millichap are pleased to present 6219 & 6225 Stanley Avenue, a multifamily complex located in San Diego, California. The property is comprised of sixteen (16) spacious two-bedroom/one-bathroom units, ranging between 712 and 724 square feet, totaling approximately 11,488 rentable square feet (SF). The property is strategically located in Rolando Village, one of San Diego’s most desirable mid-city urban neighborhoods. Residents enjoy quiet winding streets, a small business district, and a strong sense of community with walkable access to local eateries, entertainment, and storefront retail. San Diego State University, Mission Valley, and Downtown San Diego are just a few minutes away, and residents can reach the beach within 20-25 minutes. The College Area Business District primarily serves the neighborhoods surrounding San Diego State University (SDSU). SDSU is only a 6-minute drive away from Stanley Avenue, boasting a student body of over 34,000 students, generating $2.4 billion annually for the San Diego economy. This means that Rolando residents essentially have all the advantages of living in the eighth-largest city in the US, with major employment centers, entertainment, and recreation nearby, without needing to deal with the crowds or other challenges that sometimes accompany more densely populated urban and coastal communities. This property presents a unique opportunity for an investor to purchase an asset in Rolando Village, one of the strongest submarkets at the forefront of rental growth in San Diego. The new owner will enjoy the security of having the property situated near comparable apartment complexes, local shopping, and infrastructure, as well as having easy access to Mission Valley, Interstate 805, Interstate 8, and Highway 163

Exclusively Listed By

Financing By

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