6
Beds
6
Baths
0
ft²
Projected Value
$3.16M
Chico St
A hidden local gem turned into a multi-family masterpiece
The Team
The Team
Kris Armstrong
Co-Founder & Principal Developer
Kris Armstrong
Co-Founder & Principal Developer
General Info
General Info
Descritpion
Rent Stabilized
6
Beds
6
Baths
0
ft²
$1.4
1824 Chico & 4050 Sequoia were acquired in 2023 and renovated and stabilized within six months. The properties were refinanced at a $2.1 million ARV, returning approximately 50% of investor capital, and was stabilized through a mix of mid-term and short-term rentals. Permits were secured for additional units, and construction began in summer 2025, with completion expected in 2026. The project is positioned for increased future value through continued development and optimization.
Features
Property Ameneties
Property Ameneties
Interior
Bedrooms
6
Bathrooms
6
Flooring
Lighting
Yes
Laundry Room
A/C
Interior
Interior
Bedrooms
6
Bathrooms
6
Flooring
Lighting
Yes
Laundry Room
A/C
Interior
Interior
Bedrooms
6
Bathrooms
6
Flooring
Lighting
Yes
Laundry Room
A/C
Interior
Exterior
Yard
Parking
Fitness
Pool
Security
Amenities
Services
Exterior
Exterior
Yard
Parking
Fitness
Pool
Security
Amenities
Services
Exterior
Area
Transit
Parks
Shopping
Dining
Health
Education
Entertainment
Area
Prime Pacific Beach location with strong rental demand
Area
Transit
Parks
Shopping
Dining
Health
Education
Entertainment
Area
Prime Pacific Beach location with strong rental demand
Neighborhood
Safety
Community
Vibe
Near Pacific Beach amenities, beaches, and urban conveniences
Events
Market
Walkability
Walk Score: 89 - Very Walkable
Accessibility
Neighborhood
Crown Point
Neighborhood
Safety
Community
Vibe
Near Pacific Beach amenities, beaches, and urban conveniences
Events
Market
Walkability
Walk Score: 89 - Very Walkable
Accessibility
Neighborhood
Crown Point
Property Tour
Property Tour
Location
Video
FAQ
FAQ
FAQ
Questions Regarding This Property
What makes Crown Point different from other real estate funds?
We're a vertically integrated developer-operator, not just a capital allocator. Our principals design, build, and manage every property in our portfolio. This end-to-end control means faster execution, lower costs, and direct oversight of value creation—from acquisition through disposition.
What is your investment focus and geographic strategy?
We exclusively target coastal real estate in San Diego and Florida markets. Our strategy combines immediate value-add improvements that drive NOI growth with patient entitlement work that unlocks density, use changes, and redevelopment opportunities. This dual-track approach generates current returns while building long-term appreciation.
Who can invest in Crown Point Equities?
Our 506(c) fund is limited to accredited investors as defined by SEC regulations. This typically includes individuals with $200K+ annual income ($300K joint), $1M+ net worth (excluding primary residence), or holders of Series 7, 65, or 82 licenses. We require investor qualification verification before providing offering materials.
How do you create value in coastal properties?
We target underperforming assets where current use doesn't reflect highest-and-best potential. Through strategic renovations we force immediate appreciation and rental growth. Simultaneously, we navigate complex coastal entitlement processes to secure density increases, mixed-use conversions, or ground-up redevelopment rights—compounding returns over our hold period.
What makes Crown Point different from other real estate funds?
We're a vertically integrated developer-operator, not just a capital allocator. Our principals design, build, and manage every property in our portfolio. This end-to-end control means faster execution, lower costs, and direct oversight of value creation—from acquisition through disposition.
What is your investment focus and geographic strategy?
We exclusively target coastal real estate in San Diego and Florida markets. Our strategy combines immediate value-add improvements that drive NOI growth with patient entitlement work that unlocks density, use changes, and redevelopment opportunities. This dual-track approach generates current returns while building long-term appreciation.
Who can invest in Crown Point Equities?
Our 506(c) fund is limited to accredited investors as defined by SEC regulations. This typically includes individuals with $200K+ annual income ($300K joint), $1M+ net worth (excluding primary residence), or holders of Series 7, 65, or 82 licenses. We require investor qualification verification before providing offering materials.
How do you create value in coastal properties?
We target underperforming assets where current use doesn't reflect highest-and-best potential. Through strategic renovations we force immediate appreciation and rental growth. Simultaneously, we navigate complex coastal entitlement processes to secure density increases, mixed-use conversions, or ground-up redevelopment rights—compounding returns over our hold period.
What makes Crown Point different from other real estate funds?
We're a vertically integrated developer-operator, not just a capital allocator. Our principals design, build, and manage every property in our portfolio. This end-to-end control means faster execution, lower costs, and direct oversight of value creation—from acquisition through disposition.
What is your investment focus and geographic strategy?
We exclusively target coastal real estate in San Diego and Florida markets. Our strategy combines immediate value-add improvements that drive NOI growth with patient entitlement work that unlocks density, use changes, and redevelopment opportunities. This dual-track approach generates current returns while building long-term appreciation.
Who can invest in Crown Point Equities?
Our 506(c) fund is limited to accredited investors as defined by SEC regulations. This typically includes individuals with $200K+ annual income ($300K joint), $1M+ net worth (excluding primary residence), or holders of Series 7, 65, or 82 licenses. We require investor qualification verification before providing offering materials.
How do you create value in coastal properties?
We target underperforming assets where current use doesn't reflect highest-and-best potential. Through strategic renovations we force immediate appreciation and rental growth. Simultaneously, we navigate complex coastal entitlement processes to secure density increases, mixed-use conversions, or ground-up redevelopment rights—compounding returns over our hold period.
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