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279-291 Padua Hills Pl San Diego, CA 92173

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For Sale
$20,500,000

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

Property size:
53,617 SF
Lot size:
147,232.00 Acres

Property Features for 279-291 Padua Hills Pl

General Information

Standard status
Active
Size
53,617 SF
Lot size
147,232.00 Acres

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Listing Contact
Benn Vogelsang
Benn Vogelsang
Source: Crexi

Listing Agency: NorthMarq - San Diego Listing Agent: Benn Vogelsang

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

San Ysidro Senior Apartment Complexes

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.
Location Intelligence

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Apartment buildings

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Location Insight

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City
San Diego
County
San Diego
State
California
Longitude
-117.0473564
Latitude
32.5599576

FAQs

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 $20,500,000.
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.
More about this property
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