4459 Fanuel Street
San Diego, CA 92109
17
Studio Units
Property Description
Berkadia is pleased to present the opportunity to acquire 4459 Fanuel Street, a master leased, turnkey, 17-unit asset in the heart of Pacific Beach, one of San Diego’s most dynamic coastal rental markets.
Just blocks from the beach, bay and vibrant neighborhood amenities, the property offers an irreplaceable location that consistently attracts strong, lifestyledriven demand. 4459 Fanuel Street’s central location puts residents in close proximity with some of San Diego’s best lifestyle amenities and destinations outside of Pacific Beach. The property is master leased by Solara Mental Health to provide an on-site care facility to their clients, as their office and treatment center is located just around the corner on Garnet Avenue.
Investment Highlights
Bullseye Pacific Beach Location
Located just 0.7 miles from the sand, residents of 4459 Fanuel Street enjoy one of San Diego’s most desirable addresses. Whether it’s a day at the beach, a scenic bike ride along the boardwalk, or enjoying one of the many exceptional restaurants in Pacific Beach, it is all just steps away from 4459 Fanuel Street.
Outstanding Neighborhood Demographics
Pacific Beach boasts an impressive average household income of $171,212 and median home sale price of $2,237,500.
Rare Master Net Leased Asset
Solara Mental Health, a mental health care provider, has executed a master net lease for the entire complex to serve as both a residential community and on-site care facility for its clients. Their primary office and treatment center is located just around the corner from 4459 Fanuel Street, placing clients within an easy 40-yard walk of the property. In addition to this ideal proximity, Solara Mental Health has invested significant capital into tenant improvements, as well as ongoing repairs and maintenance.
Central to San Diego's Key Employment Hubs
There are over 450,000 jobs within a 20 minute drive of 4459 Fanuel Street.
Amenities
Community Amenities
- On-Site Laundry
- Private Patios (Select Units)
- Private Central Courtyards
- Prime Location in Pacific Beach
Unit Amenities
- Quartz Countertops
- Vinyl Plank Flooring
- Quartz Countertops
- Vinyl Plank Flooring
Photo Gallery
Contact
Office
San Diego Office
4275 Executive Square
Suite 700
La Jolla, CA 92037
Investment Sales
Ed Rosen
Managing Director
858.342.0700
[email protected]
CA DRE# 01010225
John Chu
Managing Director
619.990.5200
[email protected]
CA DRE# 00966982
Tyler Sinks
Managing Director
619.890.8486
[email protected]
CA DRE# 01910220
Mortgage Banking
Lee Scott
Director
858.275.5066
[email protected]
Kevin Mignogna
Senior Managing Director
949.622.9238
[email protected]
San Diego, CA 92109
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