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$ 9,250,000
Est. payment | /mo
0.98 Acres Lot
$ 9,250,000
Est. payment | /mo
0.98 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260017481SD
HOA Y/N No
Lot Size 0.980 Acres
Property Sub-Type Mixed Use
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
Area 92173 - San Ysidro
Interior
Heating Forced Air
Fireplace No
Others
Tax ID 6661500800
Acceptable Financing Cash
Listing Terms Cash
Listed by Aaron Bove Colliers International SD, Inc #01318320
Nearby Locations
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