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33456849
33456848

307 Sycamore Rd, San Ysidro, CA 92173

AB
CA CA 01318320
Colliers - Los Angeles - La Jolla, California
Listed by Colliers - Los Angeles - La Jolla, California
$9,250,000
10 days on market
Updated 10 days ago

18 unit condo complex for sale | Mapped for Individual Sale

Details
APN 666-150-08-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 31,020
Units 18
Beds 18
Cap Rate 4.96%
NOI $464,714
Tenancy Multi
Pro-Forma Cap Rate 5.77%
Pro-Forma NOI $541,000
Price per SqFt $298
Class B
Year Built 2016
Acreage 0.980
Parking Spaces 18 spaces
Parking Per SqFt 0.58
Investment Type Stabilized

Multifamily | 18 Units | $513,889/unit

Marketing description

The Bove Investment Team is pleased to present Raintree Terrace, a rare opportunity to acquire a newer construction located at 307 Sycamore Road in San Ysidro, California. Built in 2016, the property consists exclusively of spacious three- and four-bedroom floor plans averaging approximately 1,700 square feet, a highly differentiated product type within the South Bay rental market. The project offers an attractive combination of modern construction, strong in-place cash flow, operational simplicity, and significant rental upside through continued market growth and strategic management. Additionally, the property is exempt from California AB 1482 rent control and the City of San Diego Tenant Protection Ordinance (TPO) through 2031 under the first 15 years of new construction exemption, providing investors enhanced operational flexibility and long-term revenue growth potential.

Positioned on approximately 0.98 acres, Raintree Terrace features a gated residential environment with direct-entry two-car garages, private balconies, full-size washers and dryers, quartz countertops, stainless steel appliances, central air conditioning, and open-concept layouts designed to appeal to family-oriented renters seeking the functionality of a home with the convenience of professionally managed rental housing. The asset benefits from strong regional connectivity with immediate access to Interstate 5, Interstate 805, SR-905, the San Ysidro Port of Entry, and major employment corridors throughout South San Diego County.

The property represents an increasingly scarce opportunity to acquire a stabilized, newer construction multifamily asset with large unit sizes, low deferred maintenance exposure, and long-term rental demand drivers in one of Southern California's most supply-constrained housing markets.

Investment highlights

  • Newer Construction - Exempt from AB 1482 rent control and San Diego TPO through 2031
  • Condo-Mapped - Condo-mapped ownership structure provides investors with enhanced future exit flexibility
  • Oversized Units - Average unit size of approximately ±1,723 SF
  • Large Floor Plans - Spacious three- and four-bedroom layouts ranging from ±1,680 to ±1,745 SF
  • Private Garages - Direct-entry, two-car garages included with every unit
  • Gated Community - Controlled-access residential setting with guest parking
  • Modern Finishes - Quartz countertops, stainless steel appliances, and contemporary interiors
  • In-Unit Laundry - Full-size washers and dryers included in all residences
  • Comfort & Storage - Central air conditioning and generous storage throughout interiors
  • Regional Connectivity - Minutes from the San Ysidro Port of Entry and major freeway infrastructure

Listing Contacts

AB
CA CA 01318320
Colliers - Los Angeles - La Jolla, California
Listed by Colliers - Los Angeles - La Jolla, California

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$464,714.00
$38,726.17/mo

Valuation Metrics

0
DSCR
5.02%
Cap Rate
5.02%
ROI

Map

Zoning

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RM-1-1 ResidentialMulti FamilyResidential Multiple Unit
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Aaron Bove
License
CA 01318320
Brokerage Phone
8586775319
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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