Property Detail
Description
PRICED TO SELL!FULLY MANAGED 55+ RENTAL WITH LONG TERM TENANT IN PLACE AND PAID SOLAR! signed specifically for the hands-off investor, this new, tenant-occupied asset is now available at a reduced price of $429,000, offering immediate cash flow. The 6.48% CAP RATE is calculated after all operating expenses, including the full professional property management fee, are deducted. With this property, you're investing in a steady and predictable income stream rather than a job. Key highlights include: ✅ Fully Managed--enjoy zero operational hassle or landlord risk. ✅ Solar-Owned--an entirely owned solar system provides a strong operational hedge, enhancing NOI stability. ✅ NOI (Net Annual Profit)--a healthy $27,794. ✅ Low Risk--built in 2020, located in the highly desirable 55+ community of FOUR SEASONS AT TERRA LAGO, with a long-term tenant already in place.
Map Location
Listing provided courtesy of Devin Hindin of Utopia Management Inc. Last updated 2025-11-03 09:10:44.000000. Listing information © 2025 CRMLS.
Fara Fashandi
DRE# 01339461
1111 Prospect St #100La Jolla, CA 92037
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858.336.7311
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CA DRE# 01339461
1111 Prospect St #100 La Jolla, CA 92037
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