2611 Adams AveSan Diego, CA 92116

Property Details for 2611 Adams Ave

Lot size

0.16 AC

Property size (Sq ft)

3,360 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

445-082-01-00

APU

4450820100

Description

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

• CAP approach

  CAP return

  Valuation

  6%

  $1,035,336

  6.5%

  $955,695

  7%

  $887,431

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,370,364

  Geo Method

  $2,980,200

• Alternative Use

  Use

  Valuation

  Residential

  $806,164

  Hospitality

  $738,442

  Educational

  $614,375

  Medical

  $635,504

  Retail

  $955,695

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7627

Longitude

-117.136

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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