3931 RIVIERA DR # 37 San Diego CA 92109-5828

SAIL BAY APARTMENTS

Vallera Apartment Advisors is pleased to present this opportunity to acquire 8 two-bedroom apartment units with 6 garages in the coveted Sail Bay neighborhood at the northwest end of San Diego’s Mission Bay Aquatic Park.

Please see the attached 20 page Offering Memorandum for details about this opportunity.

Location Advantages

While the unrenovated units are in need of refurbishment, the layout of the apartment complex is highly amenable to up-market repositioning. The two, side-by-side fourplex buildings are configured to provide peak, unobstructable Bay views from the living rooms of many of the units down the short, 100-yard Graham Street Beach Access to Sail Bay.

Important Terms

The property sale will be overseen by the estate’s corporate fiduciary. All offers must include proof of source of funds as well as an executed As-Is Addendum that can be obtained from the listing agent

The Opportunity

The Sail Bay Apartments provide an opportunity for a forward-thinking investor to perform high-end renovations and create a trophy asset for their portfolio.

The owner began a general renovation of the property, starting with two unit interiors and most window replacements. The estate has decided to now sell the property as-is rather than continuing the property renovations. The two beautifully renovated unit interiors can serve as a template for the up-market repositioning of the remaining units.

One of the front ground-floor units opens to a large, fenced front yard. The adjacent front ground floor unit is a likely candidate for a similar enhancement.

Two of the units are currently vacant. The seller is willing to leave these units vacant through the close of escrow to allow the buyer to immediately begin renovations to their own specifications upon the close of escrow.

Please see the attached 20 page Offering Memorandum for details about this opportunity.