For Sale
$4,200,000

2611 Adams AveSan Diego, CA 92116

Luxury 11-unit complex, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 11-unit apartment building, constructed in 2024, presents a compelling investment opportunity in San Diego's desirable North Park neighborhood. The property boasts 5,830 square feet on a 0.16-acre lot and features ten studio apartments ranging from 155 to 285 square feet, and one retail unit currently leased to a beer garden under a new 7-year NNN lease. Each studio apartment includes contemporary finishes, 9-foot ceilings, quartz countertops, full kitchen appliance packages, HVAC systems, built-in shelves, and storage cabinetry. On-site amenities include laundry facilities and off-street parking

Highlights

  • Rare opportunity to acquire a brand-new, luxury 11-unit apartment building in San Diego's desirable North Park neighborhood.
  • High-end finishes throughout, including quartz countertops and stainless steel appliances in all units.
  • Seller financing available with a $2.7M down payment at 5% interest.
  • Market-rate units exempt from rent control for 15 years under AB1482.
  • Prime location minutes from major employment centers in Downtown and Mission Valley.
  • Excellent walkability to numerous shops, restaurants, and entertainment venues.

Property Details for 2611 Adams Ave

Property type
Apartment buildings
Square Feet
5,830 SF
Year Built
2024
Lot Size (sq. ft)
6,970 SF
Units
11

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.7626909
Longitude
-117.136022
2611 Adams Ave, San Diego, California

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2611 Adams Ave
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