Investment Highlights
- Low-density, two-story garden-style community with a unit mix of one- and two-bedroom floorplans, averaging 742 square feet across 106,815 rentable square feet.
- In-place rents averaging $2,122 per unit sit well below pro forma renovated market rents, with upside driven by both loss-to-lease capture and completion of the interior renovation program.
- n-Place and Pro forma rents are currently 31% ($691/unit) and 17.7% ($442/unit), respectively below 80% AMI (Low-Income) rent limits based on the 2026 U.S. Department of Housing and Urban Development
- Include a gated community with two swimming pools, on-site laundry facilities, ample surface parking, and mature landscaped grounds.
- Located minutes from the Chula Vista Bayfront Project, the largest waterfront development on the West Coast.
- Just three miles south of the heart of downtown Chula Vista; proximate to shopping, dining, parks, theater, and year round entertainment.
- Residents enjoy convenient access to downtown San Diego, the largest Tier-1 employment center in the region.
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