KYRA APARTMENTS
5432-5434 Churchward St, San Diego, CA 92114
UNDER CONSTRUCTION | PROJECTIONS & ESTIMATES
Investment Highlights
- Brand new construction — 10-unit townhome-style apartments
- All 3BR/2BA units (~1,280 SF) with private entrances
- Ocean views from every unit with private balconies
- Gated community with 22 on-site parking spaces
- In-unit laundry, high-speed internet, modern finishes
- Close to Naval Base San Diego, NAS North Island, MCRD, MCAS Miramar
- 14 min to Downtown, 12 min to Coronado, 15 min to Airport
- Strong rental demand in supply-constrained Encanto submarket
Pro Forma Summary
| Metric | Value |
| Gross Potential Rent | $432,900 |
| Vacancy (5%) | ($21,645) |
| Effective Gross Income | $411,255 |
| Total Operating Expenses | ($124,473) |
| Net Operating Income (NOI) | $286,782 |
| Cap Rate | 4.59% |
| GRM | 14.4x |
| Price / Unit | $625,000 |
All figures are projections and estimates. Property is under construction. See full OM for details and disclosures.
Interested in This Opportunity?
Contact Frederick Blum for the full Offering Memorandum, construction documentation, and to schedule a site visit.
(619) 366-2000 | Frederick@BlumRG.com
Disclosure: Information contained herein was obtained from sources believed to be reliable; however, Seller and Broker make no representation or warranty as to accuracy or completeness. The Property is under construction and has not yet received a Certificate of Occupancy. All projections, assumptions, and forward-looking statements are estimates only and may differ materially from actual results. This memorandum is not an offer to sell or a solicitation of an offer to buy. Prospective purchasers should independently verify all information and consult their own professional advisors.
Blum Realty Group | DRE #02040760 | #02325109
