588 Camino Del Rio N, San Diego, CA 92108 – Apartment High Rise (5+ stories)

ApartmentsYear Built 2022Total Assessed Value $131,844,041County San Diego

Property Details

The Apartments property 588 Camino Del Rio N, San Diego, CA 92108 is located in San Diego County. The specific property type is Apartment High Rise (5+ stories). The total assessed value of this property is $131,844,041.

The gross building area is 99,999 square feet and the land area is 126,324 square feet for this Apartment High Rise (5+ stories) built in 2022.

Legal description: Dist:0020 City/Muni/Twp:San Diego Pm17806 Par 1

$131,844,041

Market Value

6.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeApartments

Sub Property TypeApartment High Rise (5+ stories)

Building Area99,999

Land Size126,324

Land Value$17,400,041

Improved Value$114,444,000

Total Assessed Value$131,844,041

Year Built2022

County NameSan Diego

Account Number438-020-74-00

Cap Rate6.00%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

Number of Units277

Sales History

5/4/2022

Arms-lengthNot Disclosed

Buyer

Gravity Heights Mission Valley Lp

Seller

Townsend Apartments Llc

Book Number

2022.192997

Recording Date

5/4/2022

Transaction Details

Gravity Heights Mission Valley Lp acquired the property from Townsend Apartments Llc through a Arms-length transaction on 5/4/2022 for .

12/20/2010

Arms-lengthNot Disclosed

Buyer

Townsend Mission Valley Properties Lp

Seller

Townsend Robert E

Book Number

2017.247717

Recording Date

12/20/2010

Transaction Details

Townsend Mission Valley Properties Lp acquired the property from Townsend Robert E through a Arms-length transaction on 12/20/2010 for .

Property constructed in 2022

YSale Price (USD) byXSales Year

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Mortgage History

2/15/2024

Arms length residential transactions purchase or resales$78,000,000

Borrower

Townsend Apartments Llc

Lender

Sbnp Sia Iii Co Seller Llc

Book Number

2024.43540

Recording Date

2/15/2024

Transaction Details

Townsend Apartments Llc borrowed the property from Sbnp Sia Iii Co Seller Llc through a Arms length residential transactions purchase or resales transaction on 2/15/2024 for $78,000,000.

2/28/2020

Reo and trustee deeds$62,300

Borrower

The Townseno Apartments Llc

Lender

Wells Fargo Bank Na

Book Number

2020.107869

Recording Date

2/28/2020

Transaction Details

The Townseno Apartments Llc borrowed the property from Wells Fargo Bank Na through a Reo and trustee deeds transaction on 2/28/2020 for $62,300.

Property constructed in 2022

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2025	$17,400,041	$114,444,000	$131,844,041	$131,844,041	Townsend Apartments ...	3411 Richmond Ave St...	Dist:0020 City/Muni/...	-	Miller Bond	126,324	99,999
2023	$16,724,377	$110,000,000	$126,724,377	$126,724,377	The Townsend Apartme...	3411 Richmond Ave St...	DIST:0020 CITY/MUNI/...	-	Miller Bond	126,324	99,999
2022	$12,368,919	$75,874,000	$88,242,919	$88,242,919	Townsend Mission Val...	P O Box 8164	Par 1\	-	MILLER BOND	126,324	35,272
2021	-	-	-	-	Townsend Mission Val...	P O Box 8164	Par 1\	-	-	123,415	35,272
2020	$1,392,048	$693,337	$2,085,385	$2,085,385	Townsend Mission Val...	P O Box 8164	Par 1\	-	-	123,415	35,272
2019	$1,364,753	$679,743	$2,044,496	-	Townsend Mission Val...	Po Box 8164	PM17806 PAR 1	-	-	126,324	35,272
2018	$1,337,994	$666,415	$2,004,409	-	Townsend Mission Val...	-	PM17806 PAR 1	-	-	126,324	35,272
2017	$1,311,759	$653,349	$1,965,108	-	Townsend Mission Val...	-	PM17806 PAR 1	-	-	126,324	35,272
2016	$1,286,039	$640,539	$1,926,578	-	Townsend Robert E & ...	Po Box 8164	PM17806 PAR 1	-	-	126,324	35,272
2015	$1,266,722	$630,918	$1,897,640	-	Townsend Robert E & ...	Po Box 8164	PM17806 PAR 1	-	-	126,324	35,272

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Rent & Occupancy

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Comparables

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	588 Camino Del Rio N, San Diego, CA 92108	—	-	126,324	2022	99,999	$ 131,844,041	$ 17,400,041	-
Us Bank National Association	21661 Brookhurst St, Huntington Beach, CA 92646	07/31/2025	$ 112,300,000	783,035	1969	402,000	$ 63,331,528	$ 42,938,100	Casa Apartments Lp
Lockheed Martin Corp Master Re	17171 Bolsa Chica St, Huntington Beach, CA 92649	06/26/2025	$ 5,100,000	171,452	1969	83,851	$ 2,819,008	$ 495,128
Straub Trust	1624 Adams Ave, San Diego, CA 92116	06/25/2025	$ 5,000,000	44,867	1947	13,944	$ 2,236,301	$ 876,073	Jeff Lenore Properties Lp
Cbre Capital Markets Inc	50701 Washington St, La Quinta, CA 92253	04/30/2025	$ 750,000,000	490,050	1997	2,856	$ 8,938,857	$ 1,065,158	La Quinta Family Apartments Lp
Credit Union Of Southern Ca	24451 Avenida Castilla, Laguna Woods, CA 92637	04/17/2025	$ 76,000	490,878	1964	158,788	$ 35,541,781	$ 23,299,914
Jll Real Estate Capital Llc	27757 Aspel Rd, Menifee, CA 92585	03/27/2025	$ 35,880,000	744,440	2010	4,374	$ 50,651,704	$ 11,650,278
Jll Real Estate Capital Llc	13400 Elsworth St, Moreno Valley, CA 92553	03/11/2025	$ 28,223,000	419,483	1972	33,268	$ 31,102,983	$ 4,211,083	Va8 Elevate Towngate Lp
Berkadia Commercial Mtg Llc	2770 W Devonshire Ave, Hemet, CA 92545	02/27/2025	$ 41,362,000	258,311	1988	10,878	$ 24,647,076	$ 4,031,550	Tig Devonshire Llc
Pgim Re Agency Financing Llc	7701 Warner Ave, Huntington Beach, CA 92647	02/27/2025	$ 60,210,000	395,960	1970	207,271	$ 96,000,000	$ 80,000,000	Surf House Hb Llc
Walker & Dunlop Llc	50660 Eisenhower Dr, La Quinta, CA 92253	01/31/2025	$ 40,770,000	447,361	2005	247,395	$ 25,310,295	$ 5,661,905	Silverhawk Apartments Lp

Mean$ 65,402,606

Median$ 38,325,000.0

Loan Amount Range$ 76,000 - $ 750,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
588 CAMINO DEL RIO N, SAN DIEGO, CA 92108-3206	WITT LINCOLN	6193585000	AUTOMOBILE DEALERSUSED CARS
588 CAMINO DEL RIO N, SAN DIEGO, CA 92108-3206	FRN	6192933458	AUTOMOBILE DEALERS-NEW CARS
588 CAMINO DEL RIO N, SAN DIEGO, CA 92108-3206	WITT LINCOLN MOTORS	6193585000	NONCLASSIFIED ESTABLISHMENTS

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License Details

This details prefers to stay low-key.

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