MULTIFAMILY INVESTMENT 2262 Market StreetSan Diego, CA 92102

Extensively Renovated 10-Unit Apartment Property in Grant Hill

$2,500,000

Exclusively presented by

Darcy Miramontes(858) 410-6341darcy.miramontes@am.jll.comCA License 01319361

Kip Malo(858) 410-6340kip.malo@am.jll.comCA License 01807972

Price Reduced!

JLL is pleased to present the opportunity to purchase 2262 Market Street, a beautiful 10-unit apartment community in Grant Hill, San Diego. The property has recently undergone extensive interior and exterior renovations and is demonstrating significant rent growth in the well-located Grant Hill submarket.

2262 Market offers residents an exceptional living experience within one of San Diego’s fastest growing neighborhoods. Grant Hill is a treasured and historic San Diego community that boasts outstanding views of downtown and a variety of dining and entertainment options. In addition, the district is within a short drive of the City’s trendiest areas, including Uptown, East Village, and Little Italy.

2262 Market is a highly desirable community that is proximal to employers, enjoys quick access to the 5, 163, and 94 freeways, and minutes from San Diego’s most popular destinations.

Property HighlightsAddress 2262 Market StCity San Diego, CA 92102Units 10Rentable Area 4,686 SFYear Built 1915Year Renovated 2017Land Size 0.15 acresAPN 535-230-05-00

Property Description2262 Market is a boutique community comprised of 10 modern apartment homes located in San Diego’s increasingly popular Grant Hill district. The coastal, contemporary aesthetic stands out as one of the premier residences in the neighborhood. The property is just south of South Park and east of East Village, and is within walking distance of Downtown.

Unit MixFloor Plan Units Avg SF1BD/1BA 6 383 SF2BD/1BA 4 596 SF

Community Amenities ■ On-site laundry ■ Large outdoor patio with seating

Executive summary

Pricing SummaryAsking Price $2,500,000Per Unit $250,000Per SF $534Cap Rate 5.15%

High-Quality RenovationsA fully modernized and quality redesign differentiates 2262 Market Street from the competition. Unit interiors have been fully renovated with sleek, modern finishes including quartz countertops and vinyl wood-plank flooring. Stainless steel appliances, contemporary cabinetry, and modern plumbing fixtures further enhance the living space.

The exterior has also gone through extensive upgrades, including an attractive brick staircase and front entry, a fresh paint job, lighting fixtures, and windows. Residents enjoy access to a spacious outdoor patio and on-site laundry facilities.

Interior Renovations ■ Stainless steel appliances ■ Quartz countertops ■ Faux wood flooring ■ Garbage disposal ■ Hardware and fixtures ■ Cabinets ■ Lighting ■ Windows ■ Paint

Exterior/Common Area Renovations ■ Large community patio ■ Roof repairs ■ Laundry facilities ■ Private patios in select units ■ Wood fencing ■ Staircase ■ Security gates and locks ■ Lighting ■ Wood replacement on siding ■ Windows ■ Paint

Investment highlights

Desirable Location2262 Market Street is conveniently located within notable proximity of San Diego’s primary employment and activity hubs including Downtown, Balboa Park, Uptown and Mission Valley. The site is also less than 10 miles from some of San Diego’s most prominent universities, including San Diego State University and University of San Diego. In addition, 2262 Market is within walking distance of unique dining options, art galleries, and cafes.

Excellent Accessibility2262 Market affords quick access to Highway 94, Interstate 5 and Interstate 15, connecting residents to all of San Diego in minutes and providing outstanding accessibility to all major employment centers. The area has a high rate of pedestrian activity and boasts a Walk Score of 87, which is rated “Very Walkable” and means most errands can be accomplished on foot.

Public transportation options are abundant, with six bus stops within two blocks of the site. Trolley service (via the Orange and Blue Lines) is within walking distance at both the Park & Market station (0.6 miles away) and the 25th/Commercial Station (0.7 miles away).

Mission Valley

Balboa Park

North ParkHillcrest

Downtown

Park & Market Trolley

25th/Commercial Trolley

Universityof San Diego

Airport

2262 Market St

Exclusively presented by

Darcy Miramontes(858) 410-6341darcy.miramontes@am.jll.comCA License 01319361

Kip Malo(858) 410-6340kip.malo@am.jll.comCA License 01807972