Listing ID: 210025902
Price: $19,500,000
Status: Active
Address: 5526 Lauretta St
City: San Diego
State: California
Postal Code: 92110
County: San Diego
San Diego
CA
92110
New construction 30-unit apartment building featuring all 2 bed, 2 baths just 3 blocks to the University of San Diego. Projected rent for 27 market rate units is $3,300 each. Three density bonus units rent at $1,260 each. Units feature open concept kitchen and living room, vinyl flooring throughout, quartz countertops in baths and kitchen, central AC, in-unit laundry, and balcony(s). Tenants pay their own utilities. All units are ADA compliant. Building has keyed and code entry, elevator, solar for common areas, and secure garage parking for 30 vehicles. ** Fully approved condo map. ** 2021 construction will have final approval by 9/20/2021 with leasing starting immediately. Currently vacant. Central and highly walkable location 3 blocks to the west entrance of the University of San Diego campus, 0.5 walking-miles to Mission Valley YMCA, 0.4 walking-miles to the Morena/Linda Vista Trolley Stop, 1.5 driving-miles to the Fashion Valley Mall, and a short stroll to many more neighborhood attractions including Starbucks and many restaurants. Easy access to I-8 and I-5 for trips to the airport, downtown, and nearby beaches. Tenants pay for utilities in addition to rent. Each tenant has their own electric meter. Each tenant has a sub meter on both hot and cold water. The total of those will be billed pro rata to the tenant for water use. Their pro rata share of the hot water will become their share of the gas meter bill. Each tenant will also pay 1/30 of the trash bill. ** Building has a solar system in place for the house power only, which will offset the cost of operating the vehicle gate, elevator, and common area/lobby power. ** All apartments are pre-wired for individual solar. Panels are not installed for individual apartments. Cooling: Central Forced Air Gas

Primary Features

County: San Diego
Price Before Reduction: 20000000
Price Reduction Date: 2021-09-28T10:54:25+00:00
Property Sub Type: Commercial/Residential
Property Type: Commercial Sale

Interior

Heating: yes
Heating Type: Forced Air

External

Number Of Buildings: 1
Parking Total: 30
Phase: 30
Roof: Composition

Location

Country: US
MLS Area Major: 92110 - Old Town Sd

Additional

Co List Agent State License: 01984531
Days On Market: 31
List Agent State License: 00859218
Number Of Units Total: 30
Parcel Number: 4363621400

Financial

Zoning Info


Area Info


© 2021. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Last updated Tuesday, October 19th, 2021.

Based on information from CARETS as of Tuesday, October 19th, 2021 05:59:29 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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Listing courtesy of Steven Cairncross, DRE #00859218 from Berkshire Hathaway HomeService
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Listing courtesy of Steven Cairncross, DRE #00859218 from Berkshire Hathaway HomeService

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