Scheduled Gross Income and Expenses are Estimated Proforma. NAI Capital presents an extremely rare opportunity for a five-unit, 6,921 SF apartment building located in one of Rancho Santa Fe’s most sought after areas, also known as “The Covenant.” The elevator-served deluxe apartment building boasts five large 2-bedroom apartments that may be offered for long-term lease, short-term vacation rentals, an assisted living community, or may be converted into condo units by converting the in-place Tentative Parcel Map to a Final Map. Unit sizes range from 1,176 SF to 1,677 SF. Ownership of the Property comes with two (2) free Social Memberships to the Rancho Santa Fe Golf Club, and the right to purchase Full Memberships. Parking offers Two (2) Covered Tandem Spaces/Unit, plus 2 guest spots, plus street parking. Zoning also allows Institutional Residential Care Uses such as Group Homes, Assisted Living and Child Care with a CUP. Rancho Santa Fe is an affluent town with an average household income of $195,505 (3-mile radius) and an average housing price of $2,542,000.