12
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$4,495,000
Est. payment /mo
7,008 Sqft Lot
New
2611 Adams AVE San Diego, CA 92116
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2608921
HOA Y/N No
Year Built 2025
Lot Size 7,008 Sqft
Lot Dimensions Assessor
Property Description
7.1% CAP | SELLER FINANCING AVAILABLE. Rare North Park income property located along the highly desirable Adams Avenue Corridor. Offered at $4,495,000 with approximately $319,000 NOI based on current underwriting. Fully renovated down to the studs in 2025, the property features 10 furnished hotel suites leased to a single operator plus a separately leased restaurant / hospitality component. Commercial space is leased at $15,000/month on a long-term NN lease through August 2035 with 3% annual rent increases and additional percentage-rent potential. Property offers a low-maintenance operating structure with many expenses paid by the respective tenants/operators. Prime walkable North Park location, approximately 5 on-site parking spaces and expansive indoor/outdoor commercial space. Ideal 1031 exchange opportunity. Seller financing available to qualified purchasers. Potential leaseback / owner-operator flexibility. Beer & wine license may be available separately in connection with the sale, subject to transferability and applicable approvals. Buyer to verify all information.
Location
State CA
County San Diego
Area 92104 - North Park
Zoning Commercial. Buyer to veri
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Suburban
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
New Construction Yes
Others
Senior Community No
Tax ID 4450820100
Energy Description 1.0
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
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Listed by Eric von Bluecher Lee & Associates 760-929-7846, DRE #01926201
NEARBY SCHOOL & BUSINESS
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