Price Reduced - Bonsall Breeze - Bonsall CA

Listing was updated at: 04/23/2020
Property Overview
Price/Rent PSF $ 7,800,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 41,349
Date Available 07/10/2018
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Executive summary Bonsall Breeze Apartments is located in the quaint rural suburban community of Bonsall. The property o ers a garden community in a quiet residential neighborhood with long stretching views overlooking the surrounding valleys and San Luis Rey Downs Horse Training Center. The property unit mix consists of 20 large one bedroom, one bath units with large private yards and 20 large one bedroom units with private balconies. Further, the property o ers excellent cash ow at stabilized rental rates. Community Bonsall is a quiet residential town o ering a country feel with a short drive to major employment centers. Bonsall is also home the award winning Bonsall Elementary School, an exceptional school with a Niche ranking of 293 of 5,754 in the state of California. Tenants also enjoy the easy access to HWY 76 and Interstate 15 making commuting time throughout the county and surrounding markets a “Bonsall Breeze.” San Luis Rey Downs Training Center The subject property is located one block to the San Luis Rey Downs training facility; A facility that houses and trains between 350-490 race horses at any given time. It is the only auxiliary race horse training track that has been continuously approved by the California Horse Racing Board since 1984. Additionally, the San Luis Rey Downs, unlike the tracks in the California racing circuit, is open for training all year long allowing trainers, jockeys, and owners the ability to develop a permanent home in the region. One of the biggest drawing features of the facility is that horses can leave the training facility and race in the same day, making it easier for trainers and owners as they would ordinarily have to be at the race tracks 24 hours in advance. The surrounding apartment market enjoys providing rental options for Jockeys, Trainers, and even Owners looking to live within the immediate area surrounding the facility. See Offering Memorandum for Additional Information