Roosevelt Court   |   19 Units South Park
3016 Quince Street San Diego CA 92104
List Price
$5,950,000
Price Per Unit
$313,158
Cap Rate
4.00 %
Number of Units
19
Building SF
11,174
Land SF
10,418
Investment Overview

Roosevelt Court is a classic, Spanish -style 19 unit apartment complex located just 4 blocks from Balboa Park in the desirable South Park residential sub-market totaling 11,174 SF of structure. This complex features a lovely courtyard, 6 cottage-style units with coved ceilings, hardwood floors, and unique built-ins from the era. In addition, there is a duplex building in the rear of courtyard with two 2 bedroom units that feature the same charm. These units command premium rents and select units have been renovated. The main building fronts 30th Street with an additional 11 spacious units. Select units have interior stairways. There is an adjacent parcel with 8 potential parking spaces and development potential. This property is in the high demand rental market with low maintenance costs and healthy upside in rents still exists. There are onsite laundry facilities. The offering includes APNs 453-602-09-00 and 453-601-04-00. The property is located blocks from great establishments like Rebecca’s and South Park Alley and is only a quick walk to Morley Field. This property is in the heart of South Park which is one of the most desirable rental markets in all of San Diego County as well as very popular for homeownership. Geographically, the property is situated to the east of Balboa Park, bounded on the north by the canyons overlooking Mission Valley and North Park, on the south by Switzer Canyon and the Golden Hill neighborhood, on the east by Interstate 805 and City Heights, and on the west by Florida Canyon and Balboa Park. South Park is now considered one of the major historic urban communities of San Diego and has long been proposed as a registered historic district. Other historically significant neighborhoods not far from South Park include Golden Hill and Sherman Heights. Like other urban San Diego communities, South Park has a high rate of pedestrian activity relative to other regions of San Diego County. South Park is one of the most diverse communities in San Diego. Businesses and residential neighborhoods alike reflect this diversity.

  • Market 5% Cap Rate
  • High Demand Rental Market
  • Spacious Units
Location Overview

FOR MORE DETAILS CONTACT
Benn Vogelsang
Vice President
619-794-0381
Lic: 01883437
vogelsang@scc1031.com