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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