Property Description
ACRE Investment Real Estate Services is pleased to present Peter Rios Estates (the “Property”), an attractive rental community in San Diego’s East County. The Property is nestled in a valley surrounded by mountains in an area characterized by quiet residential communities and neighborhood retailers. The offering presents real estate investors the opportunity to acquire a rarely available multifamily asset of this quality in one of San Diego’s high-demand rental communities. In addition, the Property is not subject to California’s rent control ordinance AB1482 for the foreseeable future given its year of construction.
Originally constructed by the current owner in 2018/2019, Peter Rios Estates’ well-designed floor plans consist of 32, Three Bedroom/Two Bath units that are 1,100 square feet each. The units are spread out among 8 separate buildings housing 4 units each, all situated on a 3.13-acre Lot.
The Property provides an array of amenities including covered parking, open grass/picnic spaces, a playscape, pool & spa, exercise room, rec room, and security monitoring systems. Unit amenities include stainless steel appliances, granite countertops, washer/dryer hookups, dishwasher, built-in
microwave, ceiling fans, hardwood flooring, central air system, individual hot water heaters, and private patios/balconies.
Peter Rios Estates provides an opportunity to acquire a pride of ownership multifamily asset in one of the highest-demand rental submarkets in San Diego County. The new owner will enjoy the security of having the property situated near single-family homes, comparable apartment communities, local shopping, schools, restaurants, as well as having easy access to Interstate 8 and Hwys 67 & 52. With an upside in rental income, this offering is perfect for the long-term investor seeking a well-maintained asset with a strong current and future cash flow.
