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Multifamily

Mildred Luxury Townhomes

5971 Mildred St, San Diego, CA 92110

Listing Price: $5,195,000

Cap Rate
4.16%
Number of Units
6
Price/Unit
$865,833
Price/Gross SF
$368.18
Gross SF
14,110

Investment Overview

Marcus & Millichap is pleased to present the Mildred Luxury Townhomes, a 6-unit multifamily community located in Linda Vista. Built in 2010, the luxury community is comprised of three (3) three-bedroom/three-bathroom, and three (3) five-bedroom/four-bathroom units. Each unit includes sweeping views of Mission Valley to Mission Bay, balconies, view decks, washer and dryer hook-ups, and designer upgrades. The large windows and living orientation take full advantage of the spectacular views. Further, the property enjoys contemporary architectural accents with frosted glass front doors and garage doors, galvanized metal trim, metal roofs, galvanized railings, and designer kitchens. The property also features a condominium map which provides investors the future potential of selling off each unit individually. The Mildred Luxury Townhomes is located high in the hills of Linda Vista, a desirable location that will continue to improve over the next few years. The property is a short walk to University of San Diego, allowing students to live near campus. Additionally, this neighborhood is surrounded by Mission Valley, Bay Park, and Mission Bay. The property is ideally located to take advantage of the City’s “Morena Corridor Specific Plan” which outlines improved traffic circulation, pedestrian and bicycle route upgrades, additional restaurant and commercial services, and the extension of the trolley line. The Mildred Luxury Townhomes presents an extraordinarily rare opportunity for an investor to purchase a newly built and fully stabilized asset in one of the most highly sought-after submarkets in San Diego County. This property is ideal for any investor seeking a newly built and turnkey asset in a high barrier to entry submarket. Offered free and clear of debt, allowing investors to take advantage of today’s historically low interest rates.

Investment Highlights

  • New Construction Asset, built in 2010
  • Desirable three- and five-bedroom unit mix
  • Condo Mapped providing investors future potential to sell off each unit individually
  • Short walk to The University of San Diego
  • Abundant parking for tenants with two and three car garages
  • Fully stabilized rents that provide shelter from rent control
  • Minutes away from beaches and major employment centers

Exclusively Listed By

Multifamily

Mildred Luxury Townhomes

Listing Price: $5,195,000

Cap Rate
4.16%
Number of Units
6
Price/Unit
$865,833
Price/Gross SF
$368.18
Gross SF
14,110

Investment Highlights

  • New Construction Asset, built in 2010
  • Desirable three- and five-bedroom unit mix
  • Condo Mapped providing investors future potential to sell off each unit individually
  • Short walk to The University of San Diego
  • Abundant parking for tenants with two and three car garages
  • Fully stabilized rents that provide shelter from rent control
  • Minutes away from beaches and major employment centers

Investment Overview

Marcus & Millichap is pleased to present the Mildred Luxury Townhomes, a 6-unit multifamily community located in Linda Vista. Built in 2010, the luxury community is comprised of three (3) three-bedroom/three-bathroom, and three (3) five-bedroom/four-bathroom units. Each unit includes sweeping views of Mission Valley to Mission Bay, balconies, view decks, washer and dryer hook-ups, and designer upgrades. The large windows and living orientation take full advantage of the spectacular views. Further, the property enjoys contemporary architectural accents with frosted glass front doors and garage doors, galvanized metal trim, metal roofs, galvanized railings, and designer kitchens. The property also features a condominium map which provides investors the future potential of selling off each unit individually. The Mildred Luxury Townhomes is located high in the hills of Linda Vista, a desirable location that will continue to improve over the next few years. The property is a short walk to University of San Diego, allowing students to live near campus. Additionally, this neighborhood is surrounded by Mission Valley, Bay Park, and Mission Bay. The property is ideally located to take advantage of the City’s “Morena Corridor Specific Plan” which outlines improved traffic circulation, pedestrian and bicycle route upgrades, additional restaurant and commercial services, and the extension of the trolley line. The Mildred Luxury Townhomes presents an extraordinarily rare opportunity for an investor to purchase a newly built and fully stabilized asset in one of the most highly sought-after submarkets in San Diego County. This property is ideal for any investor seeking a newly built and turnkey asset in a high barrier to entry submarket. Offered free and clear of debt, allowing investors to take advantage of today’s historically low interest rates.

Exclusively Listed By

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