We are pleased to exclusively present for sale 2051-2089 San Diego Avenue, an extremely rare 33,710 SF (.77 Acres) piece of prime land across six contiguous parcels in the highly desirable Mission Hills neighborhood of San Diego, CA. Comprised of almost of an entire block within the complete communities tier 3 overlay, the property boasts a max FAR of 6.5. Property can be bought as a new development, keeping and adding to existing structures OR bought as a legacy assemblage in current condition to raise rents to market. Existing buildings are producing substantial income and are well maintained by separate owners/operators. Buildings include a 10-unit (with two non-conforming studios), three similar 6-unit complexes on the interior, and four cottages at the south corner of the block. The Mission Hills neighborhood has long been known for its upscale affluent, and highly desirable charm. The neighborhood overlooks Old Town, Little Italy, Downtown and the San Diego Bay and is also proximate to the popular Hillcrest neighborhood and Balboa Park. The area is known for its architectural diversity and image as one of the oldest and best preserved neighborhoods in the County. Tenants enjoy close proximity to entertainment, nightlife, major roads, boutique shops, coffee shops and fine dining. This property would be ideal for the investor seeking to bring interiors to high-end finishes and raise rents to market in a gentrifying neighborhood that has seen one of the largest pushes in market rent in San Diego over the last year.
Property Details
Price:
$10,500,000
MLS #:
240018745SD
Status:
Active
Baths:
0
Address:
2051 San Diego Ave
Type:
Commercial
Neighborhood:
92110oldtownsd
City:
San Diego
Listed Date:
Aug 8, 2024
State:
CA
ZIP:
92110
Schools
Interior
Exterior
Parking Spots
0.00
Financial
Map
Contact Us
Mortgage Calculator
Similar Listings Nearby
- 2801 Oceanfront Walk
San Diego, CA$11,500,000
3.92 miles away
- 2050 Garnet Ave
San Diego, CA$10,395,000
4.65 miles away
- 2625 Camulos St
San Diego, CA$8,850,000
2.46 miles away
- 824 Coronado Ct
San Diego, CA$7,950,000
3.86 miles away
- 4445 Fanuel St
San Diego, CA$7,500,000
4.89 miles away
Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2051 San Diego Ave
San Diego, CA
LIGHTBOX-IMAGES