San Ysidro Seniors Apartment
For Sale
$13,200,000
279 Padua Hills Place, San Ysidro, CA 92173
61-unit complex with ocean views in San Ysidro.
Property Size33,025 SF
Lot Size2.68 Acres
Price / SF$399.70
Days on Market173
Property Features for 279 Padua Hills Place
General Information
Standard status
Active
Size
33,025 SF
Lot size
2.68 Acres
Property subtype
Commercial
Listing Agency:
NorthMarq Multifamily
(951) 226-5454
Listed By:
Benn Vogelsang (BennVogelsang@gmail.com) · License #01883437
(415) 250-4947
Source:
Mrmurrieta
Added: Apr 24
Changed: Oct 5
Last Checked: Oct 12 at 7:20PM
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
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
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
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
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 Place San Ysidro, 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.
