The Naranja Street Homes, an 8 unit apartment community located in the Valencia Park submarket of San Diego. Situated over two buildings on two separate parcels totaling 19,773 square feet the property consists of two 3 Bed/1.5 Bath units, four 2 Bed/1 Bath units, and two 1 Bed/1 Bath units. The subject property has eighteen on site parking spots and an on site laundry facilities. The property has been well kept over the years but an opportunity exists to remodel the units and substantially increase rents. The property is located approximately 5 miles from Downtown San Diego and is a few blocks away from the 805 and 94 freeways providing residents easy access to employments centers, shopping, dining, and entertainment. Additionally, the subject property is across the street from the newer Market Creek Plaza giving residents easy access to grocery, dining, and shopping options. The Naranja Street Homes is a fantastic opportunity for an investor looking for a value add opportunity with solid rent growth moving forward.
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