190 Calle Primera San Diego, CA 92173

Building Details

Year Built

1975

Listing Agency Hilco Global

Listed by Jonathan Cuticelli

Source Crexi

Added: Sep 18, 2024 Updated: Jul 6 at 7:49 am Checked: Jul 19 at 5:57 am

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Investment Insights

Based on property information with market context.

Located in San Ysidro, this property presents an opportunity for a non-profit, tribal group, developer, or private investor to potentially utilize California state agency grant program funding. The associated state grant aims to provide housing and caregiving support to older adults with disabilities experiencing or at risk of homelessness. The property consists of four two-story buildings constructed in 1975 and renovated in 2004, featuring 71 units and surface parking. The previous owner intended to convert the property into permanent affordable supportive housing, with plans for a total net rentable area of approximately 18,000 square feet, comprising 70 studio units and a one-bedroom manager's unit. The site may allow a qualified buyer to access remaining funds originally granted for capital expenditure improvements, renovations, and operating funds for on-site services.

Key Highlights

• Potential access to remaining funds from an original $24M state grant for CapEx improvements/renovations and operating funds.
• Opportunity to execute prior ownership's business plan for a permanent affordable supportive housing project.
• Property consists of four, two‑story buildings with 71 units and surface parking.

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FAQs

What type of property is this?

Senior housing / Retirement Home - 71-unit property in San Ysidro with potential grant funding.

Where is this senior housing / retirement home located?

The property is located at 190 Calle Primera San Diego, CA.

What are key features of this property?

This property features: Potential access to remaining funds from an original $24M state grant for CapEx improvements/renovations and operating funds.; Opportunity to execute prior ownership's business plan for a permanent affordable supportive housing project.; Property consists of four, two‑story buildings with 71 units and surface parking.