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Elivia

5385 Clairemont Mesa Blvd San Diego, CA 92117

We discovered this mid-century classic in the Clairemont area of San Diego with favorable rent and demographic profile for workforce housing in this high barrier to entry market.  Projected to be a 12 month renovation and lease-up we completed at the 6 month mark January 6th, 2016.  We have already hit our year three projections for rent growth.  The property was refinanced in 2017 with investors receiving a large amount of their original capital back.  Meter intends to hold the property in this highly desirable market.