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©2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 1
Building Your Wealth Through
Apartment Investments
3734-38 1/2 Villa Terrace, San Diego, CA
Building Your Wealth Through
Apartment Investments
3734 - 3738 1/2 Villa Terrace, San Diego, CA 92104
Norm Root, Senior Associate
CalBRE #00591659
Direct: 619.725.3662
Email: [email protected]
$1,850,000
©2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 2
Building Your Wealth Through
Apartment Investments
3734-38 1/2 Villa Terrace, San Diego, CA
TABLE OF CONTENTS
TABLE OF CONTENTS
PROPERTY OVERVIEW
THE PROPERTY 3
INVESTMENT SUMMARY 5
COMPARABLE PROPERTIES
RENTAL SURVEY 6
LOCATION OVERVIEW
REGIONAL MAP 8
LOCAL 3D AERIAL MAP 9
NEIGHBORHOOD DESCRIPTION 10
©2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 3
Building Your Wealth Through
Apartment Investments
3734-38 1/2 Villa Terrace, San Diego, CA
PROPERTY OVERVIEW
PROPERTY ADDRESS 3734-38 1/2 Villa Terrace
San Diego, CA 92104
ASSESSOR PARCEL NO. 453-062-20-00
YEAR BUILT: Various
LOT SQFT: 6237
BUILDING SQFT: 3,395
# OF UNITS: 5
UNIT MIX: Front House - 2 BR/1 BA
Apartment – 2 BR/ 1 BA
Duplex - 1 BR/1 BA
Back House - 1 BR/ 1 BA
THE PROPERTY
PROPERTY HIGHLIGHTS Great Curbside Appeal
On Site Laundry
Front home has attached
garage, hardwood floors,
fireplace and separate
dining room
3734-38 1/2 Villa Terrace is located in the trendy
North Park neighborhood. The subject property
includes three structures on a 6,237 square foot lot.
The front home is a two bedroom one bath with an
attached garage. The rear of the complex is
comprised of a duplex containing two 1 bedroom/ 1
bathroom units and a separate two bedroom/ one
bathroom apartment. There is also a one bedroom
one bathroom house located off the alley. The
property has a total of 3,395 rentable square feet.
UNIT HIGHLIGHTS Spacious Units
Quiet Complex
Tenant common area
Walk-in closets
Pride of Ownership
©2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 4
Building Your Wealth Through
Apartment Investments
3734-38 1/2 Villa Terrace, San Diego, CA
PROPERTY PHOTOS
PROPERTY OVERVIEW
©2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 5
Building Your Wealth Through
Apartment Investments
3734-38 1/2 Villa Terrace, San Diego, CA
INVESTMENT SUMMARY
PROPERTY OVERVIEW
©2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 6
Building Your Wealth Through
Apartment Investments
3734-38 1/2 Villa Terrace, San Diego, CA
RENTAL SURVEY
COMPARABLE PROPERTIES
ADDRESS YEAR BUILT # UNITS UNIT MIX RENT $ SqFt $/SqFT FEATURES
3151-69 North Park Way 1958 10 1 Bed 1 Bath $1,395 520 $2.68
San Diego, CA
92104
2821 Lincoln Ave 1930 2 1 Bed 1 Bath $1,595 766 $2.08
San Diego, CA
92104
4070 30th St 1939 7 1 Bed 1 Bath $1,450 600 $2.42
San Diego, CA
92104
4512 Hamilton St 1926 3 2 bed 1 bath $2,295 800 $2.87
San Diego, CA House
92116
2535 Howard Ave 1927 House 2 Bed 1 Bath $2,495 918 $2.72
San Diego, CA House
92104
2867 Meade Ave 1930 House 2 Bed 1 Bath $2,200 672 $3.27
San Diego, CA House
92116
RENT $ SqFt $/SqFT
$1,480 629 $2.39
$2,330 797 $2.95
$2,600 850 $3.06
UNIT MIX
RENTAL PROJECTIONS
RENTAL AVERAGES 1 Bed 1 Bath
2 Bed 1 Bath House
2 Bed 1 Bath & Garage
PROPERTY
Hardwood floors, Laundry
on site, Private parking
space. Busy street
1
3
5
Small patio, additional
living area, refinished
wood floors, included
storage shed
2Fenced yard, hard wod
floors, additional storage,
street parking
Fenced yard, off street
parking for 2, laundry in
unit
6
4
cottage style, refinished
counter tops, parking
included
W/D onsite. Large
attached deck and yard,
wood floors, no parking
onsite
©2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 7
Building Your Wealth Through
Apartment Investments
3734-38 1/2 Villa Terrace, San Diego, CA
RENTAL SURVEY MAP
COMPARABLE PROPERTIES
1 3151-69 North Park Way
2 2821 Lincoln Ave
3 4070 30th St
4 4512 Hamilton St
5 2535 Howard Ave
6 2867 Meade Ave
MAP LEGEND
1
4
6
5
2 3
©2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 8
Building Your Wealth Through
Apartment Investments
3734-38 1/2 Villa Terrace, San Diego, CA
LOCATION OVERVIEW
REGIONAL MAP
3734 –38 Villa Terrace
MISSION VALLEY
8 Minutes
2.8 Miles
DOWNTOWN
18 Minutes
4.7 Miles
AIRPORT
14 Minutes
5.9 Miles
BEACH
18 Minutes
8.7 Miles
©2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 9
Building Your Wealth Through
Apartment Investments
3734-38 1/2 Villa Terrace, San Diego, CA
Located in the historic community of North Park, walking distance
to Balboa Park and the downtown North Park area. This property
is a prime asset for investors and owner occupants alike.
3D LOCAL AERIAL MAP
Landis St
Granada St
28th St
Pershing Ave
Utah St
University Ave
Villa Terrace
3734-38 Villa Terrace
LOCATION OVERVIEW
29th St
30th St
©2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 10
Building Your Wealth Through
Apartment Investments
3734-38 1/2 Villa Terrace, San Diego, CA
NEIGHBORHOOD DESCRIPTION
Centralized in San Diego’s Heart North Park is located on the northern edge of Balboa Park, just three miles from Downtown and eight miles east of Pacific Beach.
North Park is on of San Diego’s most sprawling urban neighborhoods with a population of approximately 38,000. It is one of San
Diego’s most centralized neighborhoods providing close proximity to the major highways which can take you directly to many of
the San Diego attractions including: Pacific Beach, Mission Beach, La Jolla Shores, Downtown, and Qualcomm Stadium.
A Place to Celebrate since 1915 Stretching over 1,200 acres in the midst of the hustle of Downtown San Diego, Balboa Park is an urban cultural park with an
extensive history. Originally designed to host spot the 1915-16 Panama-California Exposition the park’s many museums have
developed it into center for the arts, sciences, and education. The location provides also easy access to a number of tasty
offering including fancy dining at The Prado restaurant, decadent brew at Panama 66, and fast fun food at the snack carts.
Enjoy these tasty treats while observing the artistic designs of the buildings and art installments.
Plenty to Do, Plenty to See North Park is a dense community with roughly 11,000 residents per square mile. This neighborhood provides a vibrant and artsy
central business district filled with a mix of office buildings, retail stores, farmers markets, locally owned coffee shops, food trucks,
restaurants, bars and nightclubs. This neighborhood also provides residential like buildings with dense apartments and old
Craftsman-style bungalows. There is a strong sense of community among residents of North Park who maintain their tree lined
streets and canyon cul-de-sacs.
LOCATION OVERVIEW
©2016 Apartment Consultants, Inc. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies. 11
Building Your Wealth Through
Apartment Investments
3734-38 1/2 Villa Terrace, San Diego, CA
Norm Root
Senior Associate CalBRE # 00591659
619.725.3662 [email protected]
Apartment Consultants Inc. (ACI) is the most successful income property brokerage firm in San Diego County. Since 1982, we
have specialized in apartment and investment property transactions, and maintained a solid performance despite changing
economic cycles. With an average of more than 140 closed escrows per year, ACI has closed more San Diego County
income property escrows than any other firm in the county – that’s more properties than the number two and number three
firms combined. Whether you’re new to apartment investing or an experienced investor looking to upgrade your portfolio,
ACI is the right choice to achieve your long-term investment goals.
2635 Camino Del Rio South, Suite 300
San Diego, CA 92108
Phone: 619.299.3000 Fax: 619.295.3737
Website: http://aciapartments.com