IRR – San Diego Values “Egyptian” Commercial Condos, Hillcrest, San Diego

Integra – San Diego appraised the retail condominium units of a high-visibility mixed-use, commercial/residential property in San Diego. This property was originally built as a movie theater in 1911, and preserving only the Egyptian Revival architecture facade, in 2005 it was developed as a six-story mixed-use building containing 80 residential units, as well as the commercial condos. Site area for the entire project is .76 acre. The six retail condominium units were appraised as a single unit, for loan underwriting purposes for a financial institution.

Regents La Jolla Multi-Family Property Appraised by Integra – San Diego

The subject property consists of 333 individual condominium units within a 574‐unit development known as Regents La Jolla. The 333 subject units are currently operated (rented) as luxury apartments. The improvements were constructed in 1999/2000 and a condominium map was recorded in 2005. 241 of the units in the project were sold as individual condominium units and were not included in this appraisal. The site area (for the
entire 574‐unit development) is 8.49 acres or 369,824 square feet. We valued the subject on an as is leased fee (rental) basis, as well as on a bulk basis assuming condominium sell‐out. 235 of the 333 units have been upgraded with superior quality interiors since the date of original construction. Appraisal done for a financial institution.Photo

2015 Mid-Year Viewpoint

Hotel-Appraisal-858-259-4900Integra Realty Resources – San Diego, along with its 60+ offices nationwide, has again published mid-year updates to our annual Viewpoint publication – with both a National Overview and over 300 Local Market reports.

The San Diego commercial real estate market, as well as markets across the country, continues exhibiting improving market conditions for all major property types, including office, multifamily, retail, industrial, and lodging.

For a complete look at the data presented in IRR Mid-Year Viewpoint 2015, please click on the links below.

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Apartment Property Appraisal in San Diego

san-diego-apartment-appraiserIRR San Diego has completed a commercial appraisal of a multifamily property located in North Park community of San Diego. The property is an existing apartment building containing 10 dwelling units. Built in 1967 and totaling 7,050 square feet of rentable area, the property is 100% leased as of the effective appraisal date. The building is located on a 0.16 acre site. As with many older projects in San Diego, the property is determined to be legally nonconforming with respect to current zoning regulations, including street frontage, density, floor area ratio, and parking. The purpose of this commercial valuation was for loan underwriting purposes for a lender.

If you have any questions or needs regarding an apartment appraisal, please contact us today at 858-259-4900 or sandiego@irr.com.

 

Apartment Property Appraisal in San Diego

San-Diego-Apartment-AppraiserIRR San Diego has completed a commercial appraisal of a multifamily property located in the neighborhood of Talmadge in San Diego. The building, constructed in 1985, consists of 7 dwelling units (a mix of one-bedroom and two-bedroom units) and has 5,680 square feet of rentable area. Project features include 4 one-car garages and a laundry facility with one washing machine and one dryer. The units are 100% leased as of the effective appraisal date.  The purpose of this commercial valuation was for loan underwriting purposes for a lender.

If you have any apartment property appraisal questions or needs, please contact us today at 858-259-4900 or sandiego@irr.com.

Real Estate Appraisal for Gifting Purposes

Appraisal-for-giftingIRR San Diego has completed a commercial appraisal of an apartment property located in the city of Del Mar. The property consists of six separate buildings containing 44 dwelling units. The 39,000 square foot project was built in 1977 and is 98% leased as of the effective appraisal date. Project amenities include a pool and spa as well as a laundry facility. The buildings are located on a 2.37 acre site.

The purpose of this commercial valuation was for gifting purposes. This type of intended use is different from traditional lending purposes as it involves different intended users (such as the Internal Revenue Service) and a different definition of market value.

If you have any needs for a real estate appraisal for gifting purposes, please contact us today at 858-259-4900 or sandiego@irr.com.

Apartment Property Appraisal in Imperial Beach

Imperial-Beach-Real-Estate-AppraiserIRR San Diego has completed a commercial appraisal of a multifamily property located in Imperial Beach in San Diego County. The property consists of two duplexes and a single family residence totaling about 3,700 square feet of rentable area. The improvements were constructed in 1965 and are 100% leased as of the effective appraisal date. The buildings are situated on a 0.34 acre site. The purpose of this commercial valuation was for loan underwriting purposes for a local credit union.

If you have any questions about or needs for an apartment property appraisal in Imperial Beach, please contact us today at 858-259-4900 or sandiego@irr.com.

 

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