FOR SALE

36 Unit Multifamily Complex
5275 Monroe Ave, San Diego, CA 92115

INVESTMENT HIGHLIGHTS

List price is $7,200,000

• This 36 unit garden style multifamily complex comprises of seven 2 story apartment buildings, garages with central courtyard landscape and open spaces
• Historic California spanish architecture
• Landlord pays trash and water
• Tenant pays Gas and electric
• 3 separate laundry buildings have outside service company managed washer and dryer
• Other structures include storage and maintenance buildings
• Property is gated
• All apts have front and rear entrance
• In the Mid City area and walking distance to the Colina Del Sol Park
• Spectacular open space for a quiet lifestyle rarely offered
• Located near San Diego State Unitversity
• Minutes from I-15 freeway

• Assessor’s Parcel Number 472-022-15
• Land Size 1.74 Acres
• Building Size 29,970 SF (per client information), 7 Apt Buildings
• Apartment Mix All 2 bedroom – 1 bathroom ranging in size from 825 SF per unit to 870 SF per unit
• Parking 3 separate garage buildings (21 single car spaces) plus 24 Outdoor spaces

DUE DILIGENCE INFORMATION AVAILABLE IS:

• Title Report
• Tenant Leases
• Financial Statements from 2015 through October 31st, 2019

SALE INFORMATION

• 45 day escrow
• A notice of proposed action will be required for confirmation of sale
• Property sold in As Is condition
• Buyer to deposit 3% of the purchase price into escrow, balance at closing
• The accepted offer is subject to the notice of proposed action of the trustee
• Seller will determine Escrow and Title Companies
• Property is sold in As Is condition and will not make any repairs
• If any local ordinance requires that the Property be brought into compliance with minimum energy conservation standards as a condition of sale, the Buyer shall comply with and pay for these requirements at the Buyer’s sole expense
• Cooperating Brokerage commission is 2%
• Email: Todd@Braunco.com
• Phone: 866.568.6638×100