- For Sale $10,250,000
- Property Type Multi-Family
- Property Size 24,360 SF
- Units 58
- Lot Size 1.89 Acre
- Cap Rate % 5.15
- Date Updated May 5, 2026
Description
This low-density, garden-style community consists of 58 onebedroom, one-bath apartment homes spread across nearly two acres, offering a spacious living environment rarely found in newer developments. The proper t y includes on -site parking, a community swimming pool, and laundry facilities. The single-story buildings feature a single-loaded design that enhances privacy and natural light to each unit. Pitched roofs with attic space provide convenient access for future electrical, plumbing, and mechanical upgrades, potentially reducing renovation complexity and cost compared with flat-roof construction. The low-density property offers opportunities for exterior and landscaping improvement s that could suppor t rental growth while maintaining its attractive garden-style character. Residents benefit from convenient access to retail, dining, and daily services, including nearby shopping at Parkway Plaza and businesses along Jamacha Boulevard and East Washington Avenue. The property also offers quick access to Interstate 8 and is located near Grossmont College and surrounding employment centers, which supports strong and consistent renter demand.
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Contacts
Kidder Mathews
Kidder Mathews
Kidder Mathews