SVSD- New Apartment Investment Opportunity in La Jolla CA.
La Jolla San Diego. (SVSD) is comprised of 12 residential condominium rental units and 7 retail/office condominium rental units in one three story building over subterranean parking garages. La Jolla is one of the most coveted beach communities in all of San Diego and this property is located in one of the best locations in the La Jolla community.
This project represents our focus in the San Diego market to not only find the best projects to rehab with great upside in rents, but to purchase in some of the best locations in the county. The rental upside on average is over 30% and we believe that after our rehabilitation that interest from future investors will be exceptional.
As a result the upside potential could be greater than projected and the down side risk less than any other asset in our portfolio. We know from our past history that well located properties always have the highest occupancies and rental rates in the market. In addition, the “A” locations attract the high net worth investors that are more focused on preserving their net worth by buying the best properties in the best locations.