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Kevin Silverstein

[email protected] +1(619) 203-7041

$9,250,000

Est. payment - /mo

66 Beds

54 Baths

31,020 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 31,020 sqft

Price per Sqft $298

MLS Listing ID 260017481

Bedrooms 66

Full Baths 54

Lot Size 0.980 Acres

Property Sub-Type Com-Res Income

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

Community Other/Remarks

Area South Bay

Interior

Heating Central Forced Air Gas

Cooling Central Forced Air Elec

Fireplace No

Exterior

View Y/N No

Building

Dwelling Type Townhouse,Other/Remarks

Story 3

Others

Senior Community No

Tax ID 666-150-08-00

Acceptable Financing Cash, Exchange Down, Exchange Up

Listing Terms Cash, Exchange Down, Exchange Up

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Listed by Aaron Bove, DRE#01318320 Colliers International SD, Inc

Nearby School & Business

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Kevin Silverstein

+1(619) 203-7041

Realtor | CA BRE #02098925

Realtor CA BRE #02098925

San Diego Communities

307 Sycamore San Ysidro, CA 92173

Kevin Silverstein

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information