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Real Estate

An up close look at 5 of Tijuana’s best-selling condos

There are roughly 600 new condos coming on market in Tijuana before the end of the year, and at least a dozen more projects in the pipeline for 2018. These are five projects selling right now. Prices are in U.S. dollars. All are cheaper than resale condos in nearby San Diego County, which had a median sale price of $405,000 in July, said real estate tracker CoreLogic.

There are roughly 600 new condos coming on market in Tijuana before the end of the year, and at least a dozen more projects in the pipeline for 2018. These are five projects selling right now. Prices are in U.S. dollars. All are cheaper than resale condos in nearby San Diego County, which had a median sale price of $405,000 in July, said real estate tracker CoreLogic.

  (Alejandro Tamayo / The San Diego Union-Tribune)

By Phillip Molnar
 and Alejandro Tamayo
San Diego Union-Tribune
Cosmopolitan Residences

Units: 45 (8 left)

Costs: $285,000 - $400,000

Stories: 12

Condo size: 1,442 – 2,690-square-feet

Expected completion: October 2017

Amenities: Games area, swimming pool, Jacuzzi, BBQ, gym, games and reading room, playground, racquetball court and sauna

Developer: Cosmopolitan Group

  (Alejandro Tamayo / The San Diego Union-Tribune)

Thinking of owning?

The vast majority of buyers in Tijuana are Mexicans, says real estate agency Probien. Americans buying in Tijuana, which has different rules because it is closer to the border, may find the process complicated. They can buy a condo in Tijuana by establishing a trust with a Mexican bank that typically costs $2,500 and up. It typically has a yearly fee of $500. The trust runs for 50 years and whoever is a beneficiary of the trust can renew for another 50 years every time the deadline comes up.

  (Alejandro Tamayo / The San Diego Union-Tribune)

Read more

Also:

Tijuana condo boom

Fortress or apartment building in Tijuana?

Tijuana megaproject, Bajalta, delayed twice

  (Alejandro Tamayo / The San Diego Union-Tribune)

Real Estate
Phillip Molnar

Phillip Molnar covers residential real estate, as well as other business issues for The San Diego Union-Tribune. He is an award-winning New Jersey, California and national reporter. Before coming to the Union-Tribune, he worked for the Monterey Herald, The Express-Times and New Jersey Herald. He lives in Chula Vista.

Alejandro Tamayo

I work with San Diego Union Tribune photo department to ensure the timely completion of high-impact video stories. I schedule/assign and facilitate creative treatment, copy-editing, writing and final review projects. The result is a successful delivery throughout all our media outlets. I create news style video segments/packages also traditional documentary style photojournalism, telling stories visually, using digital photography, video, photo and video editing and photoshop.

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