Sold Price:

$1,400,000

Cap Rate:

3.44%

Price/SF (Land):

$79.77

Price/Unit (Proposed):

$49,219

Zoning:

S.P. Specific Plan (100 du/ac)

Lot Size:

19,745 SF

Status:

Closed

Submarket:

North County

Property Type:

Land

Strategy:

Value Add

INVESTMENT HIGHLIGHTS

• 19,745 SF Land Offering with Tentative Mixed-Use/Condo Map

• In Process of Final Approval with City

• Transit-Oriented Development

  Location

• Proposed 32 Apartment Units, Plus Ground Floor Flex/Office

• Unit Mix of Twelve (12) 1BR/1BA and Twenty (20) 2BR/2BA Units Plus Parking Garage

• Walking Distance to Many of Downtown’s Retail and Food Amenities

• Downtown SP – Specific Plan, Mercado District

Listed By:

Aaron Bove
Senior Vice President, Investments
aaronbove@thebovegroup.com
(858) 373-3237