The Element
2603 Dove,
San Diego, CA 92103
 
$17,995,000
Offering Price
17.82
GRM
$642,679
Price Per Unit
28
Number of Units
3.75%
Cap Rate
20,650
Net Rentable Square Feet
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$17,995,000
Offering Price
17.82
GRM
$642,679
Price Per Unit
28
Number of Units
3.75%
Cap Rate
20,650
Net Rentable Square Feet
The Element is a supremely located brand new 28 unit luxury apartment complex located in the upscale "Banker's Hill" neighborhood of San Diego. Adjacent to the picturesque Maple Canyon walking trail, Element was designed with an intent to appeal to tenants that share a genuine love for outdoor serenity in combination with Class A city living. Perfectly located, the complex is less than a mile from Balboa Park, less than half a mile from Little Italy, and just an 8-10 minute drive to/from San Diego International Airport, Coronado Island, Ocean Beach and North Park.
The Element brings robust value to ownership by way of competitive tenant-demand & superior property appreciation given its location, reputation, brand and vintage. Expenses will remain sustainably low for the foreseeable future. Nearly impossible to find in San Diego County, the demand for luxurious, modern, safe, quiet units for tenants is unparalleled. Due to the year built, AB 1482 rent control does not apply to the subject property. Situated in a quieter neighborhood within the heart of San Diego, this complex provides a quaint residential feel, the best of both worlds. Each unit offers a unique patio space that ranges from 37 square feet to a remarkable 879 square feet of private outdoor patio space. Striking architectural forms, open terraces, double height interior spaces and semi-enclosed circulation are some of the simple yet unique elements that lead to inspire the buildings identity.
Some Unit Amenities/Features Include: In unit samsung washer/dryer Stainless steel appliances Large open, unique floor plan Large windows Modern kitchens with butcher block counter tops West facing units have beautiful views of the bay Samsung Dishwasher Samsung Microwave Samsung Refrigerator Samsung Stove/Oven
FOR MORE DETAILS CONTACT
Brendan Flynn
Vice President, South Coast Commercial
(760) 542-8730
brendanflynn1031@gmail.com
01933302
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