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6219 & 6225 Stanley Avenue

San Diego, CA 92115
  • $4,600,000
  • STATUS: ACTIVE
  • ON SITE: 29 Days
  • ID#: 240021861
UPDATED: 50 min ago
$4,600,000
  • 2
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present 6219 & 6225 Stanley Avenue, a multifamily complex located in San Diego, California. The property is comprised of sixteen (16) spacious two-bedroom/one-bathroom units, ranging between 712 and 724 square feet, totaling approximately 11,488 rentable square feet (SF). The property is strategically located in Rolando Village, one of San Diego’s most desirable mid-city urban neighborhoods. Residents enjoy quiet winding streets, a small business district, and a strong sense of community with walkable access to local eateries, entertainment, and storefront retail. San Diego State University, Mission Valley, and Downtown San Diego are just a few minutes away, and residents can reach the beach within 20-25 minutes. The College Area Business District primarily serves the neighborhoods surrounding San Diego State University (SDSU). SDSU is only a 6-minute drive away from Stanley Avenue, boasting a student body of over 34,000 students, generating $2.4 billion annually for the San Diego economy. This means that Rolando residents essentially have all the advantages of living in the eighth-largest city in the US, with major employment centers, entertainment, and recreation nearby, without needing to deal with the crowds or other challenges that sometimes accompany more densely populated urban and coastal communities. This property presents a unique opportunity for an investor to purchase an asset in Rolando Village, one of the strongest submarkets at the forefront of rental growth in San Diego.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.forsalesandiego.com/homes/155163313
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6219 & 6225 Stanley Avenue San Diego, CA 92115

  • Price: $4,600,000
  • Status: ACTIVE
  • On Site: 29 Days
  • Updated: 50 min ago
  • ID#: 240021861
2
Beds
1
Baths
0
½ Baths
N/A
Acres
Neighborhood:
San Diego (92115)
County:
San Diego
Area:
San Diego (92115)
Property Description
We are pleased to present 6219 & 6225 Stanley Avenue, a multifamily complex located in San Diego, California. The property is comprised of sixteen (16) spacious two-bedroom/one-bathroom units, ranging between 712 and 724 square feet, totaling approximately 11,488 rentable square feet (SF). The property is strategically located in Rolando Village, one of San Diego’s most desirable mid-city urban neighborhoods. Residents enjoy quiet winding streets, a small business district, and a strong sense of community with walkable access to local eateries, entertainment, and storefront retail. San Diego State University, Mission Valley, and Downtown San Diego are just a few minutes away, and residents can reach the beach within 20-25 minutes. The College Area Business District primarily serves the neighborhoods surrounding San Diego State University (SDSU). SDSU is only a 6-minute drive away from Stanley Avenue, boasting a student body of over 34,000 students, generating $2.4 billion annually for the San Diego economy. This means that Rolando residents essentially have all the advantages of living in the eighth-largest city in the US, with major employment centers, entertainment, and recreation nearby, without needing to deal with the crowds or other challenges that sometimes accompany more densely populated urban and coastal communities. This property presents a unique opportunity for an investor to purchase an asset in Rolando Village, one of the strongest submarkets at the forefront of rental growth in San Diego.
Interior Features

Sq Ft Of Improvement 11488

Property Features

Actual Cap Rate 4.92 Actual Gross Scheduled Income 371040.0 Actual Operating Expense 134805 Assumable Finance 0 Buildings 2 Complex Features None Gross Equity 4600000 Gross Multiplier 12.40 Have 16 Units Mandatory Remarks None Known Market Area Metro Uptown Motive Want Sell Unit Number1 16

San Diego MLS logo Listing provided courtesy of Austin Huffman of Marcus & Millichap: 858-373-3100. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Yarbrough Group
2445 Truxtun Rd., Ste 108
San Diego CA, 92106