property-detail

property-detail

property-detail

property-detail

property-detail

property-detail

4459 Fanuel Street, San Diego CA 92109 | $6,995,000

Status: Active
  • 1 bedrooms
  • 1 bathrooms
  • 0 Sq Ft
  • 0 Lot Sq Ft
  • Type: Com-Res Income
  • Stories: 0
  • Year Built:
  • MLS#: 180028559
  • Community: Coastal South

Listing provided courtesy of Raymond Choi of Marcus & Millichap. Last updated 2018-05-30 09:20:43.000000. Listing information © 2018 Sandicor.

4459 Fanuel Street is a master leased and fully renovated 17 unit property located in the heart of Pacific Beach in San Diego. This turnkey asset is comprised of 17 beautifully renovated studio apartments. The property has a well landscaped courtyard, 9 off street parking spaces, a single car garage, and on-site laundry. Previously operated as a vacation rental apartment complex, in April of 2017 the mental health company, Solara Health, signed a master net lease for the entire complex to provide a residence and on-site care facility to their clients. Solara Health has built out their office and treatment center on Garnet Avenue located just around the corner from the subject property. In addition to having their offices just a 40 yard walk from the subject property, Solara Health has been using large amounts of capital to improve the property. Currently, Solara health is on a 3 year lease that commenced April of 2017 with two (3) year options and rent increases of 3% every year.

More Details

Number of Units: 17
Price Per Unit: 411471
SqFt of Improvement: 6608

Call or Text: 619-568-2600

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