3443 Sandrock Rd - Apartments FOR SALE


San Diego, CA 92123- Kearny Mesa
$9,100,000 USD
858-761-2529
3443 Sandrock Rd, San Diego, CA for Sale
$9,100,000 USD
Apartments - FOR SALE
1/12
null | 4.37% Cap Rate

3443 Sandrock Rd
San Diego, CA 92123
Kearny Mesa


HIGHLIGHTS

  • Well maintained value-add asset with rental upside
  • Comprised entirely of spacious one-bedroom units
  • ADU Conversion Potential
  • Abundant off-street parking for tenants
  • Excellent central San Diego location minutes from major employment centers

OVERVIEW

We are pleased to present Elan Sandrock, a 28-unit community in the Serra Mesa Neighborhood of San Diego, California. The property’s unit-mix is comprised of twenty-eight (28) one-bedroom / one-bathroom units, ranging from 500 to 600 square feet. Serra Mesa is a community located in San Diego, California, nestled between the neighborhoods of Kearny Mesa and Mission Valley. It features a mix of residential, commercial, and recreational spaces. The area is known for its family-friendly atmosphere, with parks like the popular Serra Mesa Community Park offering sports facilities and playgrounds. Serra Mesa is also home to several schools and is conveniently situated near major highways, making it easily accessible to downtown San Diego and nearby attractions. The desirable hills of Serra Mesa are currently undergoing significant gentrification as new developments are seen from most streets. The property provides direct access to University of San Diego (5.1 miles away), Mission Valley, University Town Center, and Downtown San Diego (a Tier-1 employment center). At the base of Serra Mesa, the city of San Diego has developed the Morena Corridor Specific Plan, with the goal of improving traffic circulation, pedestrian and bicycle route upgrades, providing additional restaurant and commercial services with the extension of the trolley line. The property presents a rare opportunity for an investor to purchase a multifamily asset in one of the most highly sought-after submarkets in San Diego County. Please note the year built is unknown, 1975 is an estimate. View More: https://www.marcusmillichap.com/properties/166827/elan-sandrock

FOR SALE DETAILS

PRICE

$9,100,000 USD

PRICE/SF

$546 USD /SF

# OF UNITS

28

PRICE/UNIT

$325,000

CAP RATE

4.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elan Sandrock Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

C

APN/PARCEL ID

421-204-03

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.