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29280448
29280447

1502-30 27th St, San Diego, CA 92154 For Sale

BV
CA DRE 01883437
NorthMarq - San Diego
Listed by NorthMarq - San Diego
$6,200,000
183 days on market
Updated 12 days ago

Benton Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 17,500
Net Rentable (SqFt) 17,500
Units 20
Cap Rate 6.72%
NOI $416,688
Occupancy 100%
Pro-Forma Cap Rate 7.33%
Pro-Forma NOI $454,764
Price per SqFt $354
Class C
Year Built 1985
Buildings 3
Stories 2
Lot Size (SqFt) 30,927
Parking Spaces 28 spaces
Parking per 1,000 SqFt 1.60
Investment Type Stabilized

6.72% Current Cap Rate

Marketing description

The Benton Apartments is a 20-unit condo-grade apartment complex situated on a 30,927 square foot lot in San Diego. Located with frontage on two streets at 1485-95 25th Street and 1502-30 27th Street on one contiguous parcel, the approximately 17,500 square feet of structures were built in 1985 and feature three buildings each with two stories and pitched roofs. All 20 units are 2 Bedroom / 2 Bathroom units. One unit is attached to the manager’s office and one unit has a large family room. There are 27 parking spaces between the two parking lots. One parking lot has an automatic gate. Each unit has their own laundry hook ups with a full-sized washer and dryer as well as separate water meters. There is new fencing, landscaping, and signage. All units have their own private patio areas, some of which are very large, and one of which wraps around multiple sides of the unit. Two units have mini-split air conditioning units and half of the units have new vinyl plank flooring. There are security cameras and an approximately 300 square foot storage unit onsite. This is a turnkey asset for an investor. The property is close to multiple parks and schools as well as freeway access. In 2021, the roofs, fascia boards, and some siding were replaced and new paint was applied to the exterior and trim. New gutters were installed and in 2024, the parking lots were resurfaced. DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS.

San Ysidro, California, presents a high-value opportunity for investors and developers due to its strategic location and increasing demand for housing. The area experiences some of the highest pedestrian and vehicular traffic in the country, driven by the San Ysidro and Otay Mesa Ports of Entry, making it a prime location.

The nearby Southwest Village Specific Plan, an approved blueprint for mixed- use growth, further reinforces San Ysidro’s future as a desirable growing market. Given its transit connectivity, including the San Ysidro Transit Center, the area is also well-suited for transit-oriented development (TOD), providing further incentives for investment.

San Ysidro is a neighborhood located in the southern most part of San Diego, California. It is situated just north of the U.S./Mexico border and is known for its proximity to one of the busiest land borders crossing in the world.

Historically, San Ysidro has been a vibrant community with strong ties to Mexican heritage and has served as an important gateway between the United States and Mexico. The area
is known for its bustling street life and vibrant atmosphere, ultimately offering a favorable blend of residential, commercial and industrial areas.

Overall, San Ysidro is a dynamic and diverse neighborhood, deeply influenced by its proximity to the border and the constant flow of people moving between the two countries for various reasons including work, shopping and visiting family.

The Port of San Diego and the San Diego International Airport are about a 20–25-minute drive. The California Multimodal—Chula Vista Railroad system is less than a 10-minute drive. The Coaster Commuter Rail serves the encompassing community, as does the San Diego Metro Trolly Transit System. It is close to I-5 and I-805, providing easy connectivity to downtown San Diego and beyond.

Listing Contacts

BV
CA DRE 01883437
NorthMarq - San Diego
Listed by NorthMarq - San Diego

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$416,688.00
$34,724.00/mo

Valuation Metrics

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DSCR
6.72%
Cap Rate
6.72%
ROI

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