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12425 Oak Knoll Road — Poway | Belmont Brokerage

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$21,000,000

120,661.2 sqft lot00|0 DOM

12425 Oak Knoll Rd, Poway, CA 92064

Property Description

This 56-unit apartment building is being offered as a portfolio with the adjacent storage facility (MLS #260015292). The properties must be purchased together. The adjacent properties provide stable cash flow and benefit from shared operations. The apartment community has been well maintained and the majority of the units have been renovated over the years with updates to the kitchens and bathrooms. Investors have the opportunity to further increase revenue through the installation of in-unit washers and dryers, a proven amenity that can command meaningful rent premiums. Located in one of San Diego County's most affluent and supply-constrained submarkets, the property benefits from strong demographics, highly rated schools, and significant barriers to new development. Three parcels - 317-550-18-00, 317-550-19-00 & 317-550-20-00. Must be sold together as a portfolio.

Listing provided by: Eric ComerDRE #00842230858-509-1200 eric.comer@kidder.com, Eric D. Comer, Broker

MLS #: 260015290SD