3920 Hortensia StSan Diego, CA 92110

Property Details for 3920 Hortensia St

Lot size

0.23 AC

Property size (Sq ft)

8,907 SF

Property type

Office properties

Property subtype

Other office properties

Description

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.

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7491

Longitude

-117.191

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