San Diego, CA 92101,1561-75 9th Ave
San Diego, CA 92101,1561-75 9th Ave
San Diego, CA 92101,1561-75 9th Ave
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
Sun
5
Oct
Mon
6
Oct
Tue
7
Oct
$7,125,000
Est. payment /mo
7,738 SqFt
Save

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 7,738 sqft

Price per Sqft $920

MLS Listing ID 250040754

Property Sub-Type Com-Res Income

Property Description

The Wilson Apartments represent a rare opportunity to acquire a prime development site in San Diego's historic Cortez Hill District, one of Downtown's most desirable residential neighborhoods. The offering consists of two parcels totaling 15,000 square feet at the top of Cortez Hill, located at 1560–1572 10th Avenue and 1561–1575 9th Avenue, San Diego, CA 92101. The existing improvements include five multifamily buildings constructed circa 1930, comprising 13 rental units with a total rentable square footage of 7,738. There are nine units across two apartment buildings on 9th Avenue (ten 1BR/1BA, one 2BR/1BA, and two studios/1BA), along with four units within three cottages along 10th Avenue, including one duplex cottage. The property also includes 12 parking spaces, with nine open stalls and three garages. These character-rich buildings generate immediate rental income and provide investors with flexibility — either to enhance the existing apartments as a value-add opportunity or to hold as a true covered land play while entitling and planning for future redevelopment. The property is zoned CCPD-R, which permits multifamily residential uses with a maximum FAR of 8.0. It is also located within the Complete Communities District, where FAR limits are effectively waived, further enhancing redevelopment potential. Recent trends in Uptown and Downtown San Diego have seen the razing of older improvements for high-rise apartment projects, reflecting strong demand for infill sites in this submarket.

Location

State CA

County San Diego

Area Metro Central

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Others

Tax ID 534-023-01-00


Read Less Info
MLS Router / San Diego MLS
Listed by Bill Anderson Acre Investment Real Estate

MORTGAGE CALCULATOR

The rate, insurance and terms in the calculator are placeholders and should be adjusted to reflect current market and legislative changes.  
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.

Go tour this home

1561-75 9th Ave