201-207 &Amp; 314 Willie James Jones Avenue, San Diego, CA 92102

$8,900,000 Approx. USD 0 beds, 0 baths
38,304 sqft

Agent Remarks

We are proud to present Villa Hermosa I and II in South San Diego; 2 properties consisting of 58 apartment homes located on the same block and built respectively in 1986 & 1988. Current ownership has maintained nearly 100% occupancy through years of self-management. All units are 2Bed/1Bath floor-plans; 27 of which measure 610 sq. ft. each at 201-207 Willie James Jones Avenue and 31 of which measure 700 sq. ft. each at 314 Willie James Jones Avenue. The properties are located a little over 1 football field away from each other; efficient for management and logistics. Current ownership has raised select units at 201-207 WJJ up to $1275 whereas the average rent for this 27 unit property is only $1076. The same type of rental upside exists at 314 WJJ where the top end rent is $1300; the average for this property of which is only $1067. There are several long term tenants that reside between the 2 properties. There are 28 garages and 2 separate laundry rooms between the 2 properties as other income.

Listing Details

Property type: Com-Res Income (Multi-family)
MLS# 150051739
List price is $8,900,000
Beds: 0
Baths: 0
38,304 sqft
2 Story,3 Story stories
1.61 acres
Lot size: 1.5 through 2.5 Acres
County: San Diego
Zoning: Muli-Resi
Construction: Stucco
Exterior features: Part Fenced,Part Landscaped
Parking description: Garages,Spaces
Amenities: BBQ
Heating description: Wall
MLS area: SAN DIEGO (92102)

Last Updated: 7/8/2016

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This listing belongs to the SAN DIEGO (92102) MLS area

The listing is zoned Muli-Resi.
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Lat/Long: 32.704887, -117.087493.
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Broker: Courtesy of Acre Investment Real Estate
Listing Agent: Christopher J. Robinson

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The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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