Listed by NorthMarq - San Diego
$26,500,000
Crescent Gardens
Details
APN 467-370-21-00
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 73,444
Net Rentable (SqFt) 71,444
Units 114
Cap Rate 4.35%
NOI $1,153,622
Occupancy 92.66%
Tenancy Multi
Pro-Forma Cap Rate 6.32%
Pro-Forma NOI $1,675,399
Price per SqFt $361
Class B
Year Built 1967
Buildings 6
Acreage 2.130
Zoning RMX-1, Complete Communities Housing Solutions Tier 3
Parking Spaces 114 spaces
Parking per 1,000 SqFt 1.55
Investment Type Value Add
Multifamily | 109 Units
Marketing description
Crescent Gardens is a well-located 109-unit garden-style apartment community in the heart of San Diego's College Village neighborhood in the San Diego State University submarket. Built in 1967, the property offers a stable, income-producing asset with strong appeal to students, faculty, and young professionals due to its proximity to San Diego State University (SDSU), which is just blocks away, as well as convenient access to major employment centers, shopping, dining, and recreation in the greater San Diego metro area.
Investment highlights
- 109 units
- Built in 1967
- Garden-style layout on quiet cul-de-sac
- Pet-friendly with pool and on-site laundry with owned equipment
- Strong location advantages near SDSU and regional amenities
Listing Contacts
Listed by NorthMarq - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,153,622.00
$96,135.17/mo
Valuation Metrics
0
DSCR
4.35%
Cap Rate
4.35%
ROI
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