6752 Solita Avenue San Diego CA 92115 MLS #240014724SD

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.