Multifamily

6823 Amherst St

6823 Amherst St, San Diego, CA 92115

Listing Price: $2,500,000

Cap Rate
5.08%
Number of Units
3
GRM
13.89
Occupancy
97.00%
Price/Unit
$833,333
Price/Gross SF
$510.00
Gross SF
4,902

Investment Overview

The Trujillo Group of Marcus & Millichap is pleased to present for sale, 3 newly constructed three-story houses situated minutes away from San Diego State University on a single parcel. Completed in 2020, this property rests on an approximate 11,400 SF lot with 4,902 rentable SF.

This luxury development includes one 3-bedroom/3-bathroom house and two 3-bedroom/2.5-bathroom houses, with an option to add two additional bedrooms at the investors request. The developer will build these extra rooms as displayed in the images on pages 14-17, which are catered towards maximizing rents through marketing to college students wanting to live in larger groups. Another option the investment offers is converting the units into condominiums.

Each unit has been constructed with high end finishes and amenities. It can be rented with no gas, electric, and utility cost to the owner because each unit includes separate metering. In proximity to San Diego State University, these units will attract college students willing to pay premium pricing for housing. The limited supply of new construction in addition to the property's potential to house large number of students will drive higher demand for this asset.

This property offers a rare opportunity to be the proprietor of a newly constructed student housing multi-home complex minutes from San Diego State University by car. Within walking distance to Ralphs, restaurants, and convenience stores, this property is centrally located with the investors longevity in mind.

Investment Highlights

  • 2020 New Construction
  • Customizable Floor Plans
  • High End Finished & Amenities
  • Located Minutes From SDSU

Exclusively Listed By

Listing Price: $2,500,000

Cap Rate
5.08%
Number of Units
3
GRM
13.89
Occupancy
97.00%
Price/Unit
$833,333
Price/Gross SF
$510.00
Gross SF
4,902

Investment Highlights

  • 2020 New Construction
  • Customizable Floor Plans
  • High End Finished & Amenities
  • Located Minutes From SDSU

Investment Overview

The Trujillo Group of Marcus & Millichap is pleased to present for sale, 3 newly constructed three-story houses situated minutes away from San Diego State University on a single parcel. Completed in 2020, this property rests on an approximate 11,400 SF lot with 4,902 rentable SF.

This luxury development includes one 3-bedroom/3-bathroom house and two 3-bedroom/2.5-bathroom houses, with an option to add two additional bedrooms at the investors request. The developer will build these extra rooms as displayed in the images on pages 14-17, which are catered towards maximizing rents through marketing to college students wanting to live in larger groups. Another option the investment offers is converting the units into condominiums.

Each unit has been constructed with high end finishes and amenities. It can be rented with no gas, electric, and utility cost to the owner because each unit includes separate metering. In proximity to San Diego State University, these units will attract college students willing to pay premium pricing for housing. The limited supply of new construction in addition to the property's potential to house large number of students will drive higher demand for this asset.

This property offers a rare opportunity to be the proprietor of a newly constructed student housing multi-home complex minutes from San Diego State University by car. Within walking distance to Ralphs, restaurants, and convenience stores, this property is centrally located with the investors longevity in mind.

Exclusively Listed By

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