Luxury Large 2BR & 3BR Split Level Units with Bonus Office Space

Investment Summary

Just completed, this is a rare opportunity to purchase a new construction luxury Golden Hill 4-unit townhome. Property features (3) 2 Bedroom /2.5 Bath + private office and (1) 3 Bedroom/ 2.5 Bath + office. Every unit has an attached 2 car garage. Each townhome features large windows and private balconies offering lots of natural light and a large open concept kitchen and living room area. The split-level townhomes (3 stories) feature 2 large bedrooms on the upper level, each with private en suite baths, open concept living room/kitchen, and ½ bath on the middle level, and the main entrance on 2 bedroom units is an office with access to the attached 2 car garage. The 3 bedroom unit has a street-level access bedroom, a large living room with separate office space and 2 large bedrooms each with private en suite baths on the upper level. Each unit is equipped with separate meters for water, gas, and electricity providing the investor low ongoing utilities operating costs. The property features drought-tolerant landscaping, energy-efficient building materials, appliances, and fixtures presenting the buyer with a low maintenance, environmentally friendly property. The layouts of the units are spacious with each 2br Units are 1276 Sq Ft each and the 3br unit is 1587 Sq Ft. *Property being sold vacant giving the investor the flexibility to lease units at market rate or separately as vacation rentals to achieve greatest income potential. Income and expense are PRO FORMA estimates. The information contained herein is not a substitute for a thorough independent due diligence investigation. Owner/Developer/Agent are not qualified to discuss or advise on legal, accounting, or other matters outside of those permitted by state law. Owner/Developer/Agent have not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property.

Investment Highlights

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Golden Hill has been deemed one of the best neighborhoods to live in San Diego. The neighborhood has been through a significant revival, and it’s continually improving. Golden Hill is one of San Diego's most historic and architecturally eclectic zones, with many pre-1900 homes and apartments. Golden Hill offers residents an urban feel with numerous bars, restaurants, parks, and coffee shops—all within walking distance. Tenants will also enjoy walking up a couple blocks to South Park, a charming residential area with popular neighborhood restaurants that range from innovative vegan food to upmarket Italian eats. Tree-lined Fern and 30th streets, the main thoroughfares, are also home to indie boutiques and cafes, while nearby Grape Street Dog Park has views over the downtown skyline.
Boasting fantastic views of the city, this well-positioned neighborhood is half a mile from Downtown San Diego. The Golden Hill area is known for its classic bungalow homes and artisanal coffee bars. Many families and professionals reside in Golden Hill, auto access is direct from freeways 5 and 94. Pedestrianism, like in other urban mesa neighborhoods surrounding Balboa Park, is high relative to the rest of San Diego.
Just completed, this is a rare opportunity to purchase a new construction luxury Golden Hill 4-unit townhome. Property features (3) 2 Bedroom /2.5 Bath + private office and (1) 3 Bedroom/ 2.5 Bath + office. Every unit has an attached 2 car garage. Each townhome features large windows and private balconies offering lots of natural light and a large open concept kitchen and living room area. The split-level townhomes (3 stories) feature 2 large bedrooms on the upper level, each with private en suite baths, open concept living room/kitchen, and ½ bath on the middle level, and the main entrance on 2 bedroom units is an office with access to the attached 2 car garage. The 3 bedroom unit has a street-level access bedroom, a large living room with separate office space and 2 large bedrooms each with private en suite baths on the upper level. Each unit is equipped with separate meters for water, gas, and electricity providing the investor low ongoing utilities operating costs. The property features drought-tolerant landscaping, energy-efficient building materials, appliances, and fixtures presenting the buyer with a low maintenance, environmentally friendly property. The layouts of the units are spacious with each 2br Units are 1276 Sq Ft each and the 3br unit is 1587 Sq Ft. *Property being sold vacant giving the investor the flexibility to lease units at market rate or separately as vacation rentals to achieve greatest income potential. Income and expense are PRO FORMA estimates. The information contained herein is not a substitute for a thorough independent due diligence investigation. Owner/Developer/Agent are not qualified to discuss or advise on legal, accounting, or other matters outside of those permitted by state law. Owner/Developer/Agent have not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property.