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2367-91 Arista StSan Diego, CA 92110

Prime San Diego location, high-yield potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property, located in the heart of San Diego's vibrant Old Town, presents a compelling value-add investment opportunity. Comprising two buildings totaling 12,948 square feet on a 0.46-acre lot, this Class C property boasts 95% occupancy across 15 units. Built in 1959, the three-story structure benefits from OT-CC-21 zoning, allowing for a flexible mix of commercial and residential uses. Currently generating stable cash flow from a mix of restaurant and retail tenants, and residential units, this asset offers significant upside potential. Residential units are currently leased below market value, presenting an immediate opportunity to increase revenue. The property's prime location in Old Town, a major tourist destination, ensures high visibility and foot traffic, situated conveniently near Interstate 5 and Interstate 8, and within walking distance of major attractions and a transit center. The strong San Diego real estate market, coupled with ongoing redevelopment efforts in Old Town, promises robust long-term growth and return on investment. This is a rare chance to acquire a well-positioned asset with diverse income streams and substantial value-add potential. The APN is 443-513-36. The address is 2367-91 San Diego Avenue & 3961-69 Arista Street, San Diego, CA 92110.

Highlights

  • Prime Old Town San Diego location with high visibility and foot traffic, near I-5 and I-8, and major attractions.
  • Mixed-use zoning (OT-CC-2-1) allows for retail, office, and residential uses, diversifying income streams.
  • Stable cash flow from existing commercial and residential tenants, with significant upside potential from under-market residential leases and lease conversions to NNN.
  • Strong San Diego market fundamentals ensure high occupancy and rental growth.
  • Located in a major tourist destination, Old Town, with easy access to transit and numerous attractions.
  • Benefitting from ongoing redevelopment and revitalization efforts, offering strong long-term growth potential.

Property Details for 2367-91 Arista St

Property type
Retail properties, Restaurants
Square Feet
12,948 SF
Class
C
Year Built
1959
Buildings
2
Stories
3
Lot Size (sq. ft)
20,038 SF
Units
15

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.7506702
Longitude
-117.1932472
2367-91 Arista St, San Diego, California

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2367-91 Arista St
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