Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

28

Building size

7,432 sqft

Lot size

0.79 sqft

Year built

1942

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

1

MLS #

245675064

About this property

Rare coastal investment and development opportunity in the heart of Solana Beach. Located along the highly desirable Highway 101 corridor, this ±0.79-acre property features 28 existing micro-apartment units totaling approximately 7,432 SF, providing in-place income with compelling long-term redevelopment and value-add potential. The property is within walking distance of the Ocean, Cedros Design District, Solana Beach Transit Center, boutique shopping, restaurants, and coastal amenities. Convenient access to I-5 further enhances this exceptional location. An outstanding opportunity to acquire a sizable income-producing property in one of Southern California’s most supply-constrained coastal communities. Future expansion, redevelopment, and alternative uses are subject to buyer investigation and applicable municipal approvals. Please do not disturb tenants. Text Al Apuzzo (619) 573-7845 for additional information or property tours.

Location

225 S Hwy 101

Solana Beach, San Diego, CA, 92075