2611 Adams Avenue, North Park (san Diego), CA 92116
2611 Adams Avenue, North Park (san Diego), CA 92116
2611 Adams Avenue, North Park (san Diego), CA 92116
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Kobe Zimmerman

Kobe Zimmerman

+1(858) 753-3353
$4,495,000
Est. payment /mo
7,009 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2608921

Lot Size 7,009 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

7.1% CAP | SELLER FINANCING AVAILABLE. Rare North Park income property located along the highly desirable Adams Avenue Corridor. Offered at $4,495,000 with approximately $319,000 NOI based on current underwriting. Fully renovated down to the studs in 2025, the property features 10 furnished hotel suites leased to a single operator plus a separately leased restaurant / hospitality component. Commercial space is leased at $15,000/month on a long-term NN lease through August 2035 with 3% annual rent increases and additional percentage-rent potential. Property offers a low-maintenance operating structure with many expenses paid by the respective tenants/operators. Prime walkable North Park location, approximately 5 on-site parking spaces and expansive indoor/outdoor commercial space. Ideal 1031 exchange opportunity. Seller financing available to qualified purchasers. Potential leaseback / owner-operator flexibility. Beer & wine license may be available separately in connection with the sale, subject to transferability and applicable approvals. Buyer to verify all information.

Location

State CA

County San Diego

Zoning Assessor

Direction Contact Broker for Instructions

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 4450820100

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MLS Router / San Diego MLS
Listed by Eric von Bluecher, DRE#01926201 Lee & Associates 

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2611 Adams Avenue