JLL, as exclusive advisor, is pleased to present for sale Paradise Apartments (the “Property”) – a nearly complete, 126-unit, 100% market-rate, 55+ age-restricted multi-housing investment opportunity. The Property is offered ‘as-is’, currently 85-90% complete, with all remaining construction to be completed by the Buyer. Paradise Apartments presents an incredible opportunity to own a rare class A property in a low supply submarket below replacement cost.

Paradise Apartments is positioned in the National City submarket, the highest projected rent growth region of San Diego County over the next 4-years, outpacing Orange County, the Inland Empire, and Los Angeles County. As the sole source of new market-rate 55+ rental housing supply in San Diego County, the Property serves a high-demand and growing segment of late-adulthood renters.

Paradise Apartments presents an incredible opportunity to acquire a class A asset with upside well below replacement cost, while benefiting from the strongest rent growth dynamics in San Diego County.