Listed by Realty Executives Dillon
$5,499,999
6752-6770 Solita Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,900
Units 10
Cap Rate 5.62%
NOI $309,030
Price per SqFt $556
Year Built 1984
Year Renovated 2022–2024
Lot Size (SqFt) 32,670
Multifamily | 10 Units | $549,999/unit
Marketing description
This Memorandum contains select information regarding the Property and its Owner and is provided solely for preliminary informational purposes. It does not claim to be comprehensive or to include all data a prospective investor may require to evaluate a potential acquisition.
The information herein has been obtained from sources believed to be reliable; however, it has not been independently verified and is provided “as is,” without warranty or representation as to accuracy, completeness, or fitness for a particular purpose.
Any projections, opinions, or estimates included are based on assumptions about market conditions, economic trends, and other variables that involve risk and uncertainty. These forward-looking statements may not reflect actual future performance.
All measurements, including acreage and square footage, are approximations. Summaries of documents, including leases and
agreements, are not guaranteed to be accurate or complete.
Prospective purchasers are encouraged to conduct their own independent due diligence, consult legal and financial advisors, and verify all material facts. Any reliance on this Memorandum is at the reader’s own risk.
The Owner reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase, and to withdraw the Property from the market at any time without notice. No legal commitment shall arise unless and until a definitive purchase agreement is fully executed and delivered by the Owner
Solita Cottages offers investors the opportunity to acquire a rare collection of detached rental homes in the Rolando Village neighborhood of San Diego.
The community includes ten stand-alone residences, each offering three bedrooms and two bathrooms along with private garages and outdoor space. Rental communities with this type of housing configuration are extremely limited within San Diego County.
Recent renovations have modernized the interiors and building systems, positioning the property for continued tenant demand in a supply-constrained housing market.
Investment highlights
- Property Type: Detached Residential Rental Community
- Number of Homes: 10
- Unit Configuration: 3 Bedrooms / 2 Bathrooms
- Total Building Area: Approximately 9,900 Square Feet
- Lot Size: Approximately 32,670 Square Feet
- Year Built: 1984
- Recent Renovations: 2022–2024
- Financial Overview – Solita Cottages
- Offering Price: $5,499,999
- Price Per Unit: $549,999
- Price Per Square Foot: $556
- Number of Units: 10 Detached Homes
- Scheduled Gross Income (GSI): $430,500
- Vacancy (3%): ($12,915)
- Effective Gross Income (EGI): $431,967
- Operating Expenses: ($122,937)
- Net Operating Income (NOI): $309,030
- Capitalization Rate: 5.62%
- Gross Rent Multiplier (GRM): 12.77
- Average Monthly Rent: $3,588
- Expense Ratio: 28.5%
Listing Contacts
Listed by Realty Executives Dillon
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$309,030.00
$25,752.50/mo
Valuation Metrics
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DSCR
5.62%
Cap Rate
5.62%
ROI
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