3023 Bunker Hill StSan Diego, CA 92109

  • Medical offices
  • 14,322 SF
For Lease
$24.60/SF/YR View listing

Property Details for 3023 Bunker Hill St

Year built
1979
Lot size
0.44 AC
Property size (Sq ft)
14,322 SF
Zone code
COMMERCIAL
Property type
Medical offices
Property subtype
Medical centers
APN
424-322-46-00
APU
4243224600

Description

This exceptional two-story medical office building, totaling 15,370 square feet, is strategically located in San Diego, CA, at 3023 Bunker Hill St, 92109. Built in 1973, the property sits on a 0.43-acre lot and features 42 total parking spaces, including convenient open-surface parking for patients and reserved, secure covered parking for doctors. Currently, there is 1,064 square feet of vacant space available, ideal for medical, dental, or general office use. The building is elevator-served and benefits from professional, responsive building management. Its central location provides easy freeway access to I-5, enhancing accessibility for both patients and staff. The property is zoned CC-4-2 and its APN is 424-322-46. The building's multiple tenancy structure offers flexibility, and generous tenant improvement allowances are available for qualified tenants. This presents a unique opportunity to acquire a well-maintained medical office building in a prime San Diego location. The property offers a blend of convenience, accessibility, and ample parking, making it an attractive investment or expansion opportunity. Please note that the building is currently occupied, and tenant disturbances should be avoided.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,002,122
    6.5%
    $2,771,190
    7%
    $2,573,248
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,317,926
    Geo Method
    $5,040,914
  • Alternative Use

    Use
    Valuation
    Residential
    $3,436,275
    Hospitality
    $3,147,610
    Educational
    $2,618,774
    Medical
    $2,708,838
    Retail
    $4,073,649

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.8032
Longitude
-117.215
CBSA code
41740
CBSA name
SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$35,344
$1,442,186
$1,430,169
$2,872,355
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FAQs

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