2611 Adams AVE, San Diego, CA 92116
2611 Adams AVE, San Diego, CA 92116
2611 Adams AVE, San Diego, CA 92116
2611 Adams AVE, San Diego, CA 92116
2611 Adams AVE, San Diego, CA 92116
2611 Adams AVE, San Diego, CA 92116
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Carrie Baker

Carrie Baker

+1(619) 871-2514
$ 4,495,000
Est. payment | /mo

7,008 Sqft Lot

Save Virtual Tour
$ 4,495,000
Est. payment | /mo
Save Virtual Tour

7,008 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2608921

HOA Y/N No

Year Built 2025

Lot Size 7,008 Sqft

Lot Dimensions Assessor

Property Description

NORTH PARK | SELLER FINANCING AVAILABLE. 2611 Adams Avenue is a fully renovated mixed-use income property along the highly desirable Adams Avenue Corridor. Offered at $4,495,000, the property features 10 furnished hotel suites currently operated by ownership plus a separately leased restaurant / hospitality component. Furnished suites have generated approximately $18,000/month in average historical income under current ownership. Seller is open to negotiating an approximately $15,000/month leaseback of the suite operations, with rent, term and other provisions negotiable. Restaurant is separately leased at $15,000/month under a long-term NN lease through August 2035 with 3% annual increases and additional percentage-rent potential. Fully renovated down to the studs in 2025. Prime North Park / Adams Avenue location. Approx. current 7.1% cap and $319K NOI based on current underwriting and owner-operated suite income.* Ideal 1031 exchange opportunity. Potential beer & wine license availability and owner-operator flexibility. Buyer to independently verify all financial, lease, licensing, use and property information.

Location

State CA

County San Diego

Area 92104 - North Park

Zoning Commercial. Buyer to veri

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Suburban

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Sewer Public Sewer

New Construction Yes

Others

Senior Community No

Tax ID 4450820100

Energy Description 1.0

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

Virtual Tour https://www.sdmultifamily.com

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Listed by Eric von Bluecher Lee & Associates 760-929-7846, DRE #01926201
NEARBY SCHOOL & BUSINESS
Carrie Baker

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 871-2514

carrie@sellsandiegorealestate.com

9555 Grossmont Summit Dr, Mesa, CA 91941

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