Village Run Apartment Homes

Santee is ideally located between the Pacific Ocean and the mountains of the Cleveland National Forest. While Santee is considered part of San Diego's East County Region, the city is only 18 freeway miles from the San Diego’s premier beaches. Santee is connected to the coastline by State Route 52, a six-lane freeway that connects to Interstate 5. In addition, Santee offers easy access to State Routes 67 and 125 and Interstates 8, 15, & 805, forming a transportation hub in the heart of Santee. Santee has nurtured a vibrant local economy by providing for a balance of retail, commercial and residential uses. The 700-acre Town Center district forms a downtown core comprised of business parks, high-density residential and retail businesses that feed off the synergy of Santee Trolley Square shopping complex and the Metropolitan Transit System trolley station. Surrounded on three sides by chaparral-covered hills, the city is bisected by the San Diego River. The river forms a linear greenbelt containing parks, trails and more than 1,100 acres of tree-lined riparian habitat. The city’s picturesque setting is further enhanced by Mission Trails Regional Park, a 7,220-acre open space reserve that offers a permanent mountain view for Santee’s western flank.ACRE Investment Real Estate Services is pleased to present Village Run (the “Property”), an attractive rental community located in San Diego's East County. The Property is nestled in a valley surrounded by mountains in an area characterized by quiet residential communities and neighborhood retailers. The offering presents real estate investors the opportunity to acquire a rarely available multifamily asset of this quality in one of San Diego’s high demand rental communities. In addition, the Property is not subject to California's rent control ordinance AB1482 for the foreseeable future given it's year of construction. Originally constructed by the current owner in 2022, Village Run's well-designed floor plans consist of 40, Two Bedroom/Two and One-Half Bath + Den units that are 1,300 square feet each. The units are spread out among 8 separate buildings housing 5 units each, all of which are situated on an 87,120sf Lot. The Property provides an array of amenities including attached double-car garages, picnic/BBQ areas, a small dog park, and security gate/monitoring systems. Unit amenities include stainless steel appliances, quartz countertops, washer/dryer hookups, dishwasher, built-in microwave, ceiling fans, hardwood flooring, central air system, individual hot water heaters, and private balconies. Village Run provides an opportunity to acquire a pride of ownership multifamily asset in one of the highest-demand rental submarkets in San Diego County. The new owner will enjoy the security of having the property situated near single-family homes, comparable apartment communities, local shopping, schools, and restaurants, as well as having easy access to Hwys 52, 67, & 125 and Interstates 8, 15, 805, & 5. With upside in rental income, this offering is perfect for the long-term investor seeking a pride of ownership asset with a strong current and future cash flow.