San Ysidro Seniors Apartment
279 Padua Hills Pl San Diego, CA 92173
For Sale
$13,200,000
61-unit complex with ocean views in San Ysidro.
Property Size33,025 SF
Lot Size2.68 Acres
Price / SF$399.70
Days on Market94
Property Features for 279 Padua Hills Pl
General Information
- Standard status
- Active
- Size
- 33,025 SF
- Lot size
- 2.68 Acres
- Property subtype
- Commercial
Listing Agency:
NorthMarq - San Diego
(415) 250-4947
Listed By:
Benn Vogelsang · License #DRE01883437
(415) 250-4947
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 10:29AM
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 - San Diego
Investment Insights
Based on property information with market context.
Vista Del Pacifico is a 61-unit seniors apartment complex located in San Ysidro, situated on a 116,740 square foot lot. Constructed in 1978, the stucco and frame structures encompass approximately 33,025 square feet and feature one-story units. The property offers 180-degree views of the Pacific Ocean, Tijuana, and San Ysidro. There are 40 gated parking spaces with a recently resurfaced parking lot. The complex includes multiple storage areas and a large laundry room equipped with 3 owned washers and 3 owned dryers. An onsite manager’s office and workshop are also present. The manager’s unit is a 3-bedroom, 2-bathroom unit with laundry hook-ups and an enclosed patio. There are 6 additional buildings, each containing sixty 1-bedroom, 1-bathroom units of approximately 525 square feet, equipped with gas stoves and wall heaters. Half of the units have showers, while the other half have tub/shower enclosures. All roofs were replaced in 2014, along with new gutters and drainage systems around the property. Multiple cisterns on each building collect rainwater, which is used for irrigation. The property features new fencing, landscaping, and signage, and all units have their own patio areas. The property is near markets, trolley and bus transit, the San Diego Public Library, and overlooks the San Ysidro Health Center.
Key Highlights
- 180‑degree views of the Pacific Ocean, Tijuana, and San Ysidro.
- Turnkey 61‑unit seniors apartment complex.
- Onsite manager's unit (3 Bed / 2 Bath) with laundry hookups and enclosed patio.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.05M | $31.80 |
| − Vacancy | −$57.8k | −$1.75 |
| EGI | $992.4k | $30.05 |
| − OpEx | −$446.6k | −$13.52 |
| NOI | $545.8k | $16.53 |
33,025 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$7.80M
$6.82M – $9.10M
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
NOI $913,075 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 61-unit complex with ocean views in San Ysidro.
Where is this apartment building located?
The property is located at 279 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: 180‑degree views of the Pacific Ocean, Tijuana, and San Ysidro.; Turnkey 61‑unit seniors apartment complex.; Onsite manager's unit (3 Bed / 2 Bath) with laundry hookups and enclosed patio.
