36 UNIT MULTIFAMILY COMPLEX | 5275 MONROE AVE., SAN DIEGO, CA 92115

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

OFFERED AT: $7,200,000

Offering Memorandum
CALL 866-568-6638
CONTACT