The Wightman Street Apartments feature 22 units built in 1980 situated on an approximately 22,642 sq ft lot. The approximately 17,209 sq ft structure holds a strong unit mix of two 3Bed/1Bath, twelve 2Bed/1Bath, and eight 1Bed/1Bath Units. The property features plenty of tuck under parking spaces and laundry facilities. The units have been renovated with a mix of tile and plank flooring, newer appliances, and cabinetry as well as tile counter tops. There is over 15% upside in the existing rents.
The property is located just South of University Avenue in the retail and cultural hub of the City Heights Neighborhood in San Diego, California. It is near John Marshall Elementary School, the Waldorf School of San Diego, and several churches. City Heights is a high demand rental market and is a diverse and vibrant community. Farther down University is a new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restaurants, the City Heights Library and new Police Station.
Socially and economically, City Heights has a high concentration of businesses and households. Businesses tend to be smaller and wider spread than to the north and east. Like other urban mesa neighborhoods north of Balboa Park, City Heights has a high rate of pedestrian activity, relative to the rest of San Diego. City Heights is located next to many of the major highways with close access to the coast, beaches, business districts, downtown, and Mexico.
City Heights is also at the forefront of neighborhood and community re-development thanks in large part to Price Charities who spearheaded the neighborhood revitalization in the early 2000s. Notable projects include the recently completed MTS Centerline Transit Line Plaza, Central Avenue Skate Plaza, and the new Copley-Price Family YMCA.