UNITED STATES / CA / San Diego / Coastal South

4459 Fanuel Street

San Diego, CA 92109

$6,995,000
PRICE
1
BEDS
1
BATHS


​​​​​​​MLS ID: 180028559

About 4459 Fanuel Street

4459 Fanuel Street is a master leased and fully renovated 17 unit property located in the heart of Pacific Beach in San Diego. This turnkey asset is comprised of 17 beautifully renovated studio apartments. The property has a well landscaped courtyard, 9 off street parking spaces, a single car garage, and on-site laundry. Previously operated as a vacation rental apartment complex, in April of 2017 the mental health company, Solara Health, signed a master net lease for the entire complex to provide a residence and on-site care facility to their clients. Solara Health has built out their office and treatment center on Garnet Avenue located just around the corner from the subject property. In addition to having their offices just a 40 yard walk from the subject property, Solara Health has been using large amounts of capital to improve the property. Currently, Solara health is on a 3 year lease that commenced April of 2017 with two (3) year options and rent increases of 3% every year.

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Features

Number of Units:
17
Price Per Unit:
411471
SqFt of Improvement:
6608

Location

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