6752 Solita Avenue

Description

6752-6770 Solita Ave is an extremely unique multi-family offering in the City of San Diego in the highly desirable and upscale enclave of Rolando Village, surrounded by a residential community of upscale Homes. Just a little over a mile from San Diego State University (SDSU), a bustling University with more than 37,000 students. The property consists of 10 Single Family Detached 3BR/2BA homes with attached garages and yards. Originally built in 1984, the property has been extensively renovated to a high level to attract elite tenants. More than $800,000 was spent to reposition the property with recent comprehensive renovations including (but not limited to) new upscale kitchens and baths, new flooring and paint throughout, all new A/C mini-splits, new fixtures, new in-unit washer/dryers, new individual hot water heaters, new roofs throughout, windows, new low maintenance and drought tolerant landscaping, and much more. The median 3 bedroom home sales price within ½ mile of the property is $915,000, more than 50% higher than the individual unit list price of this unique offering. Rents of detached 3BR homes (like this offering) are priced significantly below that of the total monthly expense of a mortgage, property taxes and insurance of purchasing a similar home, typically ensuring owners with more stable longer term renters and lower turnover. Also, rental housing stock of 3BR units makes up less than 6% of the total rental housing stock in San Diego County.

Listing information courtesy of: Corey McHenry, David Santistevan . *Based on information from the Association of REALTORS/Multiple Listing as of 09/20/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.