9918-50 Buena Vista Avenue

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Address: 9918-50 Buena Vista Ave, Santee, CA 92071, USA
Created date: May 9, 2024
Date last updated: July 9, 2024
  • Pride of Ownership Asset
  • Not Subject to AB1482 Rent Control
  • Great Santee Location Near Hospital, Shopping, Schools, and Entertainment
  • Ideal Unit Mix - 40, 2Bedroom/2.5Bath Units + Den, 1,300sf each
  • Individual, Attached Double Car Garages
  • 2022 Construction Offering Strong Unit and Community Amenity Packages
  • Meticulously Maintained by Ownership
  • Opportunity to Add Value Through Rent Stabilization
  • The property sits on 87,120sf Lot
  • Additional On-Site Parking Spaces
  • Strong Historical Occupancy, Low Vacancy Market
  • Ideal Tenant Base with Long-Term Residents and a Strong Community Feel

Property Description

ACRE Investment Real Estate Services is pleased to present Village Run (the “Property”), an attractive rental community located in San Diego's East County. The Property is nestled in a valley surrounded by mountains in an area characterized by quiet residential communities and neighborhood retailers. The offering presents real estate investors the opportunity to acquire a rarely available multifamily asset of this quality in one of San Diego’s high demand rental communities. In addition, the Property is not subject to California's rent control ordinance AB1482 for the foreseeable future given it's year of construction. Originally constructed by the current owner in 2022, Village Run's well-designed floor plans consist of 40, Two Bedroom/Two and One-Half Bath + Den units that are 1,300 square feet each. The units are spread out among 8 separate buildings housing 5 units each, all of which are situated on an 87,120sf Lot. The Property provides an array of amenities including attached double-car garages, picnic/BBQ areas, a small dog park, and security gate/monitoring systems. Unit amenities include stainless steel appliances, quartz countertops, washer/dryer hookups, dishwasher, built-in microwave, ceiling fans, hardwood flooring, central air system, individual hot water heaters, and private balconies. Village Run provides an opportunity to acquire a pride of ownership multifamily asset in one of the highest-demand rental submarkets in San Diego County. The new owner will enjoy the security of having the property situated near single-family homes, comparable apartment communities, local shopping, schools, and restaurants, as well as having easy access to Hwys 52, 67, & 125 and Interstates 8, 15, 805, & 5. With upside in rental income, this offering is perfect for the long-term investor seeking a pride of ownership asset with a strong current and future cash flow.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $21,500,000
No. of Units: 40
Year Built: 2022
Lot Size: 2.00 Sq ft
Opportunity Zone: No
Price per unit: $537,500
Property Website Click Here
Address: 9918-50 Buena Vista Avenue, Santee, CA 92071, USA
Provided by:

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