731 Ninth AveSan Diego, CA 92101

This exceptional San Diego creative office property, known as Bluebox, presents a compelling investment opportunity. Located at 731 Ninth Ave, San Diego, CA 92101, this fee simple absolute property boasts 8,751 square feet across two buildings and two stories. The property features four units currently occupied by three tenants under a multi-tenant lease expiring June 30, 2027 (2.6 years remaining). The asking price is $4,295,000, translating to a price per square foot of $490.80 and a projected cap rate of 6.23%. The current Net Operating Income (NOI) stands at $267,431. The property, classified as Class B, underwent renovations in 2003 and sits on a 6,098 square foot lot, zoned CCPD-ER. This presents an ideal owner-user scenario or a potential multi-family development opportunity, given its proximity to Petco Park. The property's features include a multi-tenant lease structure and a strong NOI, making it an attractive investment for discerning buyers. The APN is 533-196-13-00. There are no ground leases or lease options associated with this sale.