Raintree Terrace | 18 Condo-Mapped Townhomes Operating as Multifamily

Highlights:

• Newer Construction
• Condo-Mapped
• Oversized Units
• Large Floor Plans
• Private Garages
• Gated Community
• Modern Finishes
• In-Unit Laundry
• Comfort & Storage
• Regional Connectivity

Description:

Raintree Terrace

A Rare Newer Construction Condo Mapped Community Operating as Apartments in San Ysidro, California

The Bove Investment Team is pleased to present Raintree Terrace, a rare opportunity to acquire a newer construction located at 307 Sycamore Road in San Ysidro, California. Built in 2016, the property consists exclusively of spacious three- and four-bedroom floor plans averaging approximately 1,700 square feet, a highly differentiated product type within the South Bay rental market. The project offers an attractive combination of modern construction, strong in-place cash flow, operational simplicity, and significant rental upside through continued market growth and strategic management. Additionally, the property is exempt from California AB 1482 rent control and the City of San Diego Tenant Protection Ordinance (TPO) through 2031 under the first 15 years of new construction exemption, providing investors enhanced operational flexibility and long-term revenue growth potential.

Positioned on approximately 0.98 acres, Raintree Terrace features a gated residential environment with direct-entry two-car garages, private balconies, full-size washers and dryers, quartz countertops, stainless steel appliances, central air conditioning, and open-concept layouts designed to appeal to family-oriented renters seeking the functionality of a home with the convenience of professionally managed rental housing. The asset benefits from strong regional connectivity with immediate access to Interstate 5, Interstate 805, SR-905, the San Ysidro Port of Entry, and major employment corridors throughout South San Diego County.

The property represents an increasingly scarce opportunity to acquire a stabilized, newer construction multifamily asset with large unit sizes, low deferred maintenance exposure, and long-term rental demand drivers in one of Southern California’s most supply-constrained housing markets.

Documents: