Description

PRICE REDUCTION! 5.21% Current Cap Rate | 5,71% Market Cap Rate Over $900,000 on recent CapEX at the property. 10 - Detached 3BR/2BA Homes With Garages & Private Yards. 6752-6770 Solita Ave is an extremely unique residential rental offering in the City of San Diego, in the highly desirable and upscale enclave of Rolando Village, surrounded by a residential community of upscale homes. Just a little over a mile from the property is San Diego State University (SDSU), a bustling university with more than 37,000 students. The property consists of 10 single-family detached 3BR/2BA homes with attached garages and yards. Originally built in 1984, the property has been extensively renovated to a high level to attract elite tenants. More than $900,000 was spent to reposition the property with recent comprehensive renovations including (but not limited to) new upscale kitchens and baths, new flooring and paint throughout, all new A/C mini-splits, new fixtures, new in-unit washer/dryers, new individual hot water heaters, new roofs throughout, windows, new low maintenance and drought tolerant landscaping, and much more. Over $900,000 of recent CAPEX at the property. 100% 3BR/2BA Detached Homes + attached garages & private yards Comprehensively renovated | Upgraded interiors Within 1 1/2 miles of highly acclaimed San Diego State University with more than 37k undergraduate students No shared walls Less than 6% of rental housing stock in San Diego are 3 Bedrooms