Villa Bonita Condominiums consist of 30 units in a 176-unit community located in South San Diego. The units are a combination of one and two-bedroom floor plans with washer and dryer hookups, granite countertops and a fireplace. The units are condominiums and can be sold individually. Alternatively, an investor may purchase other units that become available in the complex and increase their portfolio. Currently, condominiums in Villa Bonita are selling for $88 per square foot or nearly $60,000 per unit more than the bulk offering. Built in 1982, this asset underwent major renovation in 2005 to condominium standards with upgraded interiors and exteriors. Villa Bonita condos may be exempt from California's rent control law (AB1482) with proper tenant noticing and vesting. The property features beautiful and well-maintained amenities including a swimming pool and spa, fitness center, barbecue, meandering walkways, tennis courts lush landscaping and outdoor entertaining area.
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