For Sale
$3,200,000

4468 Ingraham StSan Diego, CA 92109

Prime San Diego location, high NOI, value-add potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property at 4468 Ingraham St, San Diego, CA 92109, presents a compelling investment opportunity. The 3,691 square foot building, constructed in 1954, boasts a desirable B-class designation and sits on a lot ranging from 9,300 to 9,900 square feet (APN 423-093-09-00). Currently operating at 100% occupancy, the property generates a strong pro-forma NOI of $149,004, yielding a 4.66% pro-forma cap rate. The multi-tenant structure comprises six units: two apartments on the upper level and four ground-floor retail spaces. Located at the intersection of Ingraham and Hornblend Streets, just one mile from the Pacific Beach Pier, this property benefits from high visibility and significant foot traffic. The permitted CC-4-2 zoning allows for potential future development, including a possible expansion to 45 studio apartments, significantly increasing the property's long-term value. This value-add investment is situated in the vibrant Pacific Beach neighborhood, known for its thriving community, beautiful beaches, and diverse amenities. The asking price is $3,200,000. This is a rare chance to acquire a well-performing mixed-use asset with substantial upside potential in a highly sought-after San Diego location.

Highlights

  • High foot traffic location.
  • Mixed-use property with two apartments and four retail units.
  • Four ground-floor retail spaces.

Property Details for 4468 Ingraham St

Property type
Retail properties, Restaurants
Square Feet
3,691 SF
Class
B
Year Built
1954
Stories
2
Units
6

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.7992195
Longitude
-117.2409953
4468 Ingraham St, San Diego, California

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4468 Ingraham St
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