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$9,250,000
Est. payment /mo
66 Beds
54 Baths
31,020 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 31,020 sqft
Price per Sqft $298
MLS Listing ID 260017481
Bedrooms 66
Full Baths 54
Lot Size 0.980 Acres
Property Sub-Type Com-Res Income
Property Description
Raintree Terrace is an 18-unit gated residential community located at 307 Sycamore Road in San Ysidro. Built in 2016 as individually designed condominium-style townhomes and currently operated as a single apartment complex, the property consists entirely of spacious three- and four-bedroom residences averaging approximately 1,700 square feet. Each unit features a direct-entry two-car garage, private balcony or patio, full-size washer and dryer, quartz countertops, stainless steel appliances, central air conditioning, and an open-concept floor plan. Situated on approximately 0.98 acres, the property offers modern construction, strong in-place cash flow, limited near-term capital needs, and additional rental upside. Raintree Terrace is exempt from California AB 1482 rent control and the City of San Diego Tenant Protection Ordinance through 2031 under applicable new-construction exemptions. The community provides convenient access to Interstates 5 and 805, SR-905, the San Ysidro Port of Entry, and employment centers throughout South San Diego County. An adjacent approximately one-acre parcel, approved for 24 additional townhome-style units, is also available separately or together with the property, offering an opportunity to develop a complementary second phase or assemble a larger residential investment. Buyer to verify all information, approvals, exemptions, and development potential.
Location
State CA
County San Diego
Community Other/Remarks
Area South Bay
Interior
Heating Central Forced Air Gas
Cooling Central Forced Air Elec
Fireplace No
Exterior
View Y/N No
Building
Dwelling Type Townhouse,Other/Remarks
Story 3
Others
Senior Community No
Tax ID 666-150-08-00
Acceptable Financing Cash, Exchange Down, Exchange Up
Listing Terms Cash, Exchange Down, Exchange Up
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Listed by Aaron Bove, DRE#01318320 Colliers International SD, Inc
NEARBY SCHOOL & BUSINESS
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