Investment Overview

Marcus & Millichap is pleased to present the Chenore Ridge Apartments, a luxury apartment complex located at 3093 Broadway in San Diego, California. Newly built in 2024, the 12-unit apartment complex is located in the highly desirable neighborhood of Golden Hill. The building has approximately 14,258 rentable square feet and rests on a 7,418 square foot lot.   Boasting a well-balanced unit mix, the complex consists of (1) one bedroom / one bathroom unit, (6) two bedroom / two bathroom units, and (5) three bedroom / two bathroom units. Attractive tenant offerings include: In-unit laundry, (9) private balconies, secure fob entry, and (12) assigned parking spaces + (1) handicap parking space. This new build has luxurious interiors including open living spaces, premium flooring, and high-end countertops. Having been newly constructed the property presents the opportunity to bring current rents to market through further renovation in order to maximize overall cash flow.   Located only one block away from 30th Street, the property is within walking distance to all the best Golden Hill has to offer. The property also enjoys proximity to the 94 freeway. The Chenore Ridge Apartments ultimately presents investors with the unique opportunity to acquire a well maintained, turnkey asset with significant rental upside in the heart of one of San Diego’s most desirable rental markets.