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San Ysidro Senior Apartment Complexes

279-291 Padua Hills Pl, San Diego, CA 92173

For Sale
$13,200,000

Two turnkey senior apartment complexes in San Ysidro, San Diego.

Property Size33,025 SF
Lot Size3.52 Acres
Price / SF$399.70
Days on Market326

Property Features for 279-291 Padua Hills Pl

General Information

Standard status Active
Size 33,025 SF
Lot size 3.52 Acres
Property subtype Multi-Family

Site & Location

Neighborhood San Ysidro
Listing Agency: NorthMarq Multifamily
Listed By: Benn Vogelsang · License CA #01883437
Source: Viewsandiegorealestate
Added: Dec 21, 2025 Changed: Nov 7 Last Checked: Nov 10 at 11:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NorthMarq Multifamily

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Investment Insights

Based on property information with market context.

Two senior apartment complexes in San Ysidro are available. The first, Vista del Rio, is a 33-unit complex situated on a 30,492 square foot lot. Constructed in 1987, the approximately 18,400 square feet of stucco and frame structures feature two stories with pitched roofs. The property includes 21 parking spaces with a recently resurfaced parking lot, multiple storage areas, a large laundry room with 3 washers and 3 dryers, and an onsite manager’s office and workshop. New fencing, landscaping, and signage have been installed, and all units have their own patio areas. The complex is close to markets, trolley/bus lines, the San Diego Public Library, and the San Ysidro Health Center. The second complex, Vista Del Pacifico, is a 61-unit complex situated on a 116,740 square foot lot with views of the Pacific Ocean, Tijuana, and San Ysidro. Built in 1978, the approximately 33,025 square feet of stucco and frame structures consist of one-story units. There are 40 gated parking spaces with a recently resurfaced parking lot, multiple storage areas, a large laundry room with 3 owned washers and 3 owned dryers, and an onsite manager’s office and workshop. The onsite manager’s unit is a 3 Bedroom / 2 Bathroom unit with laundry hook ups and an enclosed patio. There are 6 additional buildings consisting of sixty, approximately 525 square foot 1 Bedroom / 1 Bathroom units with gas stoves and wall heaters. Half of the units have showers and half of the units have tub/shower enclosures. All roofs were replaced in 2014, along with new gutters and drainage. Multiple cisterns on each building collect rainwater for irrigation. New fencing, landscaping, and signage have been installed, and all units have their own patio areas. It is close to markets, trolley and bus transit, San Diego Public Library, and overlooks the San Ysidro Health Center. Both are turnkey assets for investors.

Key Highlights

  • Turnkey asset for investors, immediate income potential.
  • Two senior apartment complexes totaling 94 units in San Ysidro.
  • Recently resurfaced parking lots and new fencing, landscaping, and signage.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$545,839
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,916,780 $10.9M
Cap Rate 7%
$7,797,700 $7.8M
Cap Rate 9%
$6,064,878 $6.1M
Market Conditions
NOI Build-Up for 33,025 SF
Gross rent
$1.05M $31.80/SF
− Vacancy
−$57.8K −$1.75/SF
EGI
$992.4K $30.05/SF
− OpEx
−$446.6K −$13.52/SF
NOI
$545.8K $16.53/SF
Area
San Diego, CA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,916,780
Cap Rate 7%
$7,797,700
Cap Rate 9%
$6,064,878

Alternative Uses

Best Use
Apartment 5plus
$7.80M
$6.82M – $9.10M (±1% cap)
NOI $545,839 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.04M
$11.41M – $15.22M (±1% cap)
NOI $913,075 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center HVAC Service Hair Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

931
Businesses Nearby

Demographics for 92173, CA

29,703
Population
8,190
Households
3.6
Avg Household Size
33
Median Age
11%
College-Educated
63%
High-School Grad
2.9 sq mi
ZIP Area
10,242
Density / Sq Mi
$65,865
Median Household Income
$34,734
Median Earnings
$1,588
Median Rent
$521,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Apartment buildings in San Diego, CA

$595 Jul
$593 Aug
$600 Sep
$592 Oct

Properties on Market for Apartment buildings in San Diego

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two turnkey senior apartment complexes in San Ysidro, San Diego.
Where is this apartment building located?
The property is located at 279-291 Padua Hills Pl San Diego, CA.
What is the asking price?
The asking price for this property is $13,200,000.
What are key features of this property?
This property features: Turnkey asset for investors, immediate income potential.; Two senior apartment complexes totaling 94 units in San Ysidro.; Recently resurfaced parking lots and new fencing, landscaping, and signage.
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