1035-41 Robinson Ave

We are pleased to present Las Casitas on Robinson.​ Situated in the heart of Hillcrest these spanish revival cottages are positioned just minutes from Downtown, Balboa Park, San Diego Zoo, Sea World, Whole Foods, restaurants, shopping centers, nightlife and much of what
San Diego has to offer.​ Las Casitas on Robinson is a unique one-of-a-kind rare opportunity that is comprised of six cottages with a duplex on top of eight garages.​ The property offers ample parking on a 10,497 SF lot with lush landscaping, gated private courtyard, private decks, patios and personal storage spaces.​ Each unit was completely renovated in 2018 with new kitchens, bathrooms, flooring, new tankless water heaters, central heating & air and w&d's in each.​ The pride of ownership has been meticulously managed and will appreciate to the test of time.​

A savvy investor can maximize cash flow by converting garages into ADUs and operating the entire property as short term vacation rentals.​ A similar Short Term Rental property just 4 blocks away with similar casitas units are renting on average between $400-500 per night with minimal-to-no availability through July of this year.​

If all 8 garages are converted into ADU's and the property is run 100% as a Short Term rental, projections indicate that 5.8-7.1% CAP rate is achievable.​ See ADU conversion and AirBnB projections on pages 25 and 26.​

Las Casitas has opportunity to fall into the Mills Act and be deemed historical to lower property taxes.​