3920 Hortensia StSan Diego, CA 92110

For Sale
$3,215,000
Vacant, 8,907 SF, Owner/User Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional two-story, 8,907 square foot traditional office building in San Diego's Old Town presents a rare owner-user opportunity. Currently vacant, this Class C property boasts a recent $500,000 (approx.) remodel in 2007, encompassing new HVAC, roof, interior finishes, bathrooms, and lighting. The building features 13 secured parking spaces within a gated lot—a highly desirable amenity in this location. Second-floor suites enjoy outdoor patios, offering abundant natural light and fresh air. Located on Hortensia Street, the property benefits from exceptional access to I-5, I-8, and the Pacific Coast Highway, placing it within walking distance of Old Town's vibrant amenities, the Old Town Transit Center, and less than a mile from San Diego International Airport. The Old Town submarket exhibits strong fundamentals, with a low 5.4% vacancy rate (Q3 2023) and a 5-year average of 4.79%, significantly outperforming the broader San Diego market. This prime location, coupled with the building's recent renovations and ample parking, makes it an ideal investment for an owner-user seeking a highly accessible and amenity-rich space in a thriving area. The asking price is $3,215,000, translating to $360.95 per square foot. The 0.23-acre lot houses a single building on two stories.

Highlights

  • Old Town San Diego boasts a low 5.4% office vacancy rate (Q3 2023), significantly below the county average of 14.0%, and a strong 5-year average of 4.79%.
  • Excellent walkability to Old Town's restaurants, shops, entertainment, and the Old Town Transit Center.
  • Strategic location with easy access to I-5, I-8, and the Pacific Coast Highway.
  • Less than one mile from San Diego International Airport.
  • Prime location between downtown San Diego and key suburban markets, serving a large population base.

Property Details for 3920 Hortensia St

Property type
Office properties
Square Feet
8,907 SF
Class
C
Buildings
1
Stories
2
Lot Size (sq. ft)
10,019 SF

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.7491131
Longitude
-117.1914608
3920 Hortensia St, San Diego, California

FAQs

What type of property is this?
Office property - Vacant, 8,907 SF, Owner/User Opportunity
Where is the office property located?
The property is located at 3920 Hortensia St San Diego, CA.
What is the asking price?
The asking price for this property is $3,215,000.
What are key features of this property?
This property features: Old Town San Diego boasts a low 5.4% office vacancy rate (Q3 2023), significantly below the county average of 14.0%, and a strong 5-year average of 4.79%.; Excellent walkability to Old Town's restaurants, shops, entertainment, and the Old Town Transit Center.; Strategic location with easy access to I-5, I-8, and the Pacific Coast Highway.
How can I contact the broker?
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3920 Hortensia St
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