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Multifamily

Carlton Heights Villas Apartment Homes

Santee, CA

70 Units

Built in 1979

Value Add

Investment Highlights

  • ??????True value-add opportunities with the ability to capture significant upside in rental income by implementing interior and exterior renovation programs
  • Desirable unit mix comprised of spacious one- and two-bedroom units
  • Community amenities include a swimming pool, barbecue areas, covered parking, laundry facilities, extra storage, 24-hour emergency management, fitness facility, and is pet-friendly
  • Renters are increasingly moving to submarkets like East County, with larger and more affordable units
  • East County is exhibiting one of the steadiest rates of demand and annual growth in the region over the past 12 months
  • Residents enjoy convenient access to major nodes; Downtown San Diego, Kearny Mesa, Mission Valley, and UTC employment centers are all accessible within 25-minutes
  • Transit oriented neighborhoods with close proximity to Interstate 8 and a wide array of restaurants, shopping, and community parks

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