Jackwill Flats is a 2019 built, 28 unit luxury apartment complex located in the heart of North Park. The five story apartment building features eighteen large 1 bed/1 bath units, eight 2 bed/1 bath units, a 2 bed/2 bath unit (1,066 sq ft with a 180 sq ft deck) and a 1,000 square foot office/retail unit with a bathroom on the first floor. The property offers tenants free highspeed internet, in-unit washer/dryers, custom kitchen cabinetry and countertops, 10’ ceilings and polished concrete floors. Jackwill Flats brings robust value to ownership through superior property appreciation coupled with a demand for tenancy, as evidenced by historically high occupancy. Expenses will remain sustainably low for the foreseeable future for a future owner. Nearly impossible to find in San Diego County, the demand for luxurious, modern, safe, quiet units for tenants is unparalleled. Due to the year built, AB 1482 rent control does not apply to the subject property. Jackwill Flats has approximately 15% in rental upside. Situated in a quieter neighborhood within the heart of San Diego, this complex provides a quaint residential feel, the best of both worlds.
Jackwill Flats is located on the corner of Ohio & Howard, just tucked away off El Cajon Blvd in the heart of North Park. North Park is a dynamic urban community located in the central core of the City of San Diego. Originally settled at the turn of the 20th century, North Park has evolved into a community of thriving neighborhoods with a diversity of housing, strong commercial districts, and a growing arts community.
Due to the bustle of this eclectic neighborhood, North Park has a high rate of pedestrian activity and hosts a mix of coffee houses, retail shops, art galleries and San Diego's up-and-coming restaurant row just a ten minute walk away from Jackwill Flats at University Avenue and 30th Street.
In recent years, North Park has been recognized by Forbes and the Los Angeles Times as one of the trendiest neighborhoods of San Diego. Forbes magazine says "culturally diverse North Park is home to Craftsman cottages, cafes and diners, coffee shops, microbreweries, boutiques, and the North Park Farmers Market. The North Park Theater and the Ray Street Arts District are also bastions of creativity in the area". North Park is within two miles by surface streets from Westfield Mission Valley, one of San Diego's largest and premier regional malls, within walking distance to Balboa Park and the Zoo, and less than 5 miles from downtown San Diego.
