18 Large Townhome, Condo-Mapped, Operating As Mult
- Asking Price: $8,950,000
- 5.23% Cap Rate
- 12.68 GRM
- $497,222 Per Unit
- Unit Mix: 6 × 3BR/3BA and 12 × 4BR/3BA
- Approximately 31,020 SF
- Approximately 0.98 Acres
- Built in 2016
- 3 Stories
- Individually designed condominium-style townhomes
- Condo-mapped ownership structure offering future exit flexibility
- Approximately 1,680–1,745 SF per residence
- Direct-entry two-car garage with every unit
- Private balconies and patios
- Full-size in-unit washers and dryers
- Quartz countertops
- Stainless steel appliances
- Central air conditioning
- Open-concept floor plans
- Gated residential community
- Limited anticipated near-term capital expenditures
- Convenient access to I-5, I-805 and SR-905
- Adjacent approximately 1-acre parcel separately available with approvals for 24 additional townhome-style units
Property Description
Raintree Terrace presents the opportunity to acquire an 18-unit gated residential community in San Ysidro. Built in 2016 as condominium-style townhomes and currently operated as a single apartment community, the property is offered at $8,950,000 and provides investors with a 5.23% capitalization rate and 12.68 GRM. The condo-mapped ownership structure provides additional long-term exit flexibility through the potential individual disposition of units.
The property totals approximately 31,020 square feet on 0.98 acres and features an exceptionally spacious unit mix consisting of six 3-bedroom/3-bath residences of approximately 1,680 SF and twelve 4-bedroom/3-bath residences of approximately 1,745 SF. Each residence includes a direct-entry two-car garage, private balcony or patio, full-size washer and dryer, quartz countertops, stainless steel appliances, central air conditioning, and an open-concept floor plan.
The gated community offers modern construction, strong in-place cash flow, limited anticipated near-term capital requirements, and convenient access to I-5, I-805, SR-905, the San Ysidro Port of Entry, shopping, employment centers, and surrounding South Bay communities.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $8,950,000 |
| No. of Units: | 18 |
| Cap Rate: | 5.23% |
| GRM /GIM: | 12.68 |
| Building Size: | 31,020 Sq ft |
| No. of Stories: | 0.98 |
| APN: | 666-150-08-00 |
| Opportunity Zone: | No |
| Price per unit: | $497,222 |
| Property Website | Click Here |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|---|---|---|
| 3 BD/ 3 BA | 6 | 1680 | 3046 |
| 4 BD/ 3 BA | 12 | 1745 | 3377 |
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|---|
| Financial year: | 2026 |
| Gross income: | 705624 |
| Effective Gross income: | 677399 |
| Operating expenses: | 223203 |
| Net operating income: | 468511 |
| Pre-tax cashflow: | 468511 |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Barrio Logan Value Add Mixed Use | 14k SF Lot
San Diego, California
10 Apartments + 5 Retail | Value-Add or Redevelop
La Mesa, California
Fully Renovated 7-Unit Ocean Beach Investment
San Diego, CaliforniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout