RH Carriage Pines | 13042 Carriage Rd
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RH Carriage Pines 13042 Carriage Rd
11 Unit Block of Flats £3,012,433 (£273,858/Unit) 4.69% Net Initial Yield Poway, CA 92064
Investment Highlights
- Located in the coveted Poway rental market
- Opportunity to build an ADU
- Drive rents with minimal exterior improvements
Executive Summary
Originally built in 1977, Carriage Pines Apartments has been well maintained and most of the units have been renovated to varying finish levels. It boasts a desirable mix of one- and two-bedroom floor plans, along with ample parking and a community laundry room. This offering presents a true value-add opportunity, with potential upgrades to the building exterior and landscaping that could significantly increase rental income. Additionally, there is the option to convert three existing tuck-under parking spaces into an Accessory Dwelling Unit.
Carriage Pines is ideally situated in a quiet residential area, close to local amenities such as top-rated schools, shopping centers, and
parks. There are various restaurants within easy walking distance, and several grocery stores are located less than a mile from the property. The location offers a mix of suburban comfort and access to nature, with nearby hiking trails and open spaces. Carriage Pines abuts Poway's Kumeyaay-Ipai Interpretive Center a 4.5 acre site that offers residents a beautiful hillside with native vegetation for a backyard.
Carriage Pines is ideally situated in a quiet residential area, close to local amenities such as top-rated schools, shopping centers, and
parks. There are various restaurants within easy walking distance, and several grocery stores are located less than a mile from the property. The location offers a mix of suburban comfort and access to nature, with nearby hiking trails and open spaces. Carriage Pines abuts Poway's Kumeyaay-Ipai Interpretive Center a 4.5 acre site that offers residents a beautiful hillside with native vegetation for a backyard.
Property Facts
Price | £3,012,433 | Building Class | C |
Price Per Unit | £273,858 | Lot Size | 0.46 AC |
Sale Type | Investment | Building Size | 9,476 SF |
Net Initial Yield | 4.69% | Number of Floors | 2 |
No. Units | 11 | Year Built | 1977 |
Property Type | Residential | Parking Ratio | 1.48/1,000 SF |
Property Subtype | Apartment |
Price | £3,012,433 |
Price Per Unit | £273,858 |
Sale Type | Investment |
Net Initial Yield | 4.69% |
No. Units | 11 |
Property Type | Residential |
Property Subtype | Apartment |
Building Class | C |
Lot Size | 0.46 AC |
Building Size | 9,476 SF |
Number of Floors | 2 |
Year Built | 1977 |
Parking Ratio | 1.48/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 4 | £1,543 | 800 |
2+1.5 | 3 | £1,721 | 900 |
2+2 | 4 | £1,667 | 950 |
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PROPERTY TAXES
Parcel Number | 317-490-28 | Improvements Assessment | £910,822 |
Land Assessment | £1,135,124 | Total Assessment | £2,045,946 |
PROPERTY TAXES
Parcel Number
317-490-28
Land Assessment
£1,135,124
Improvements Assessment
£910,822
Total Assessment
£2,045,946
zoning
Zoning Code | RS-7 |
RS-7 |
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RH Carriage Pines | 13042 Carriage Rd
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