7240 El Cajon Blvd, San Diego, CA 92115

Property Description

The Roman Villas Apartments is a 28 unit apartment complex that consists of 20,822 rentable square feet built in 1972 situated on a 14,043 square foot lot with approximately 16 parking spaces. The unit mix consists of (24) 2 Bedroom / 1 Bath units, (2) 1 Bedroom / 1 Bath units and (2) studios as well as onsite laundry facilities with 3 washers and 4 dryers. Select 2 Bedroom units have in-unit stackable washers and dryers. There is a secure courtyard with a picnic table at the center of the property and a unique foyer behind the private entry to the property. Ownership has made significant exterior, interior and systems upgrades. The property has new windows, bathrooms and kitchens have been completely rebuilt, and there is laminate flooring throughout the units. The units feature new appliances, dishwashers, A/C units, and built in microwaves as well as new window coverings. The property has spacious floorplans and offers an investor additional upside in rents in the burgeoning Rolando Village Neighborhood.