15
See all 15 photos
$1,950,000
Est. payment /mo
4 Beds
5,196 Sqft Lot
New
2711 Imperial Avenue San Diego, CA 92102
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2600631
Bedrooms 4
Lot Size 5,196 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
270111 Imperial Avenue is a rare, full corner, 14 unit mixed use investment opportunity located just two miles east of Downtown San Diego in the centrally positioned Grant Hill neighborhood. The property features a distinctive three story building configuration with (5) street facing commercial units on the ground floor and (9) exceptionally large SRO style residential units occupying the upper two stories. The commercial component is highly visible and benefits from strong foot traffic and frontage along Imperial Avenue. The property is currently anchored by two well established, high performing tenants, Ferchaladas, a popular birria and seafood concept with a 4.8 star Yelp rating, and Anas Fruit & Deli, a long standing neighborhood staple operating out of the iconic standalone orange hut included within the parcel. The remaining storefronts provide additional leasing and rental upside through repositioning or re tenanting. The residential units are notably larger than typical SRO layouts, functioning more like studio or one bedroom apartments in size and feel, while utilizing shared communal bathrooms. Several units feature high ceilings, particularly on the third floor, along with partial views toward Downtown San Diego and the Coronado Bridge. While the building has been well maintained with only mild renovations completed to date, the residential component offers clear value add potential through interior upgrades and rent growth toward market levels. The property is zoned CN 1 3 and is located within San Diegos Complete Communities Tier 3 overlay, a Transit Priority A
Location
State CA
County San Diego
Direction Located on the southwest corner of Imperial Avenue and 27th Street, just west of the 15 Freeway and two miles east of Downtown S
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 5356910100
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Eric von Bluecher Lee & Associates
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