The Riviera Jewell Apartments is a charming, courtyard style, 19 unit multifamily investment opportunity ideally located in Crown Point. The Riviera Jewell is a prime asset, built in the 60s, long-term ownership, the interior is mostly original, the exterior and interiors have all been well maintained. With this building the investor can purchase both a well-insulated and value-add asset located within a high demand coastal market by both investors and renters. Rents have more than rebounded since the height of COVID, the demand is driving asking rents $50-$300 more than just 6 months ago. The building is quiet, tenants and management have pride of ownership and collections are 100%. The building has one parking space for each unit, dual paned windows throughout, unit mix of (5) 2 bed, 2 bath units, (2) 2 bed, 1 bath units, and (12) 1 bed one bath units. Tenants are just blocks from parks, beaches, coffee, bars, restaurants and everything that the majority of locals and transplants are looking for in a San Diego life style further supporting increased rental revenue potential.
Listing courtesy of Lee & Associates
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