The Villager Bay Park 2821 Morena Blvd Immeuble residentiel 20 lots 5 601 397 € (280 070 €/Lot) Taux de capitalisation 5,23 % San Diego, CA 92117

We are pleased to present The Villager, a fully renovated 20-unit property located in the highly desirable coastal community of Bay Park, San Diego. Built in 1977, the property sits on a 0.27-acre lot and is comprised of twenty (20) studio units, each averaging approximately 500 square feet. Located at 2821 Morena Boulevard, “The Villager” offers a rare opportunity to acquire a turnkey asset in one of San Diego’s most vibrant and rapidly appreciating neighborhoods.
The property is an impeccably maintained multifamily haven that underwent a comprehensive interior and exterior renovation in 2023. Every unit now features modern upgrades including vinyl plank flooring, sleek cabinetry, and energy efficient double-pane vinyl windows. Select units offer ocean views, catering to both long-term and short-term rental strategies. The property’s prime location provides residents with immediate access to Mission Bay, the beach, and a variety of water activities. Surrounded by a rich mix of dining retail, and recreational amenities—including renowned restaurants and scenic golf courses—The Villager delivers an elevated coastal living experience.
The allure of the property extends beyond its modern interiors, as residents find themselves in close proximity to a myriad of dining and retail options, and popular restaurants. The great access to Interstate-5 further connects the property to the entirety of San Diego County. This desirable location, coupled with the property's remarkable features, positions “The Villager” as an ideal investment opportunity. Investors seeking a distinctive asset in a dynamic location will find the Bay Park neighborhood and its unique offerings highly appealing.