6945 Imperial Ave,San Diego, CA 92114
San Diego, CA 92114
Description
Rare opportunity to acquire a five-unit apartment investment with immediate cash flow, value-add potential, and flexible long-term strategies. Situated on a prominent corner parcel with Commercial CC-4-5 zoning within a Transit Priority Area, the property offers multiple paths to increase value in one of San Diego's strongest rental markets. Convert the lower level back to retail, office space, salon, personal services and retain the tenants upstairs. Perfect for small business owners as a live/work space. Or maximize income through rental stabilization while creating plans for a mixed-use redevelopment project. The property currently features two tenant occupied 2-bedroom/1-bath apartments on the second floor, two tenant occupied 1-bedroom/1-bath apartments on the main level, and one vacant studio on the first floor, providing immediate lease-up potential. Current income is supported by long-term tenancy, while below-market rents offer significant opportunity for future growth. (see suppl) Additional income potential includes an owner-owned coin-operated laundry room and four storage rooms that may be leased separately to increase cash flow. Six off-street parking spaces and a shared rear courtyard with pergola. Prior to residential use on the main level, there was a construction office and hair salon, so the new owner could potentially convert back to retail space. The upper-level units feature private exterior entrances, while the lower level offers convenient ground-floor access. Commercial CC-4-5 zoning and the property's location within a Transit Priority Area provide added flexibility for investors seeking long-term appreciation and future redevelopment potential. Buyers are encouraged to verify all zoning, permitted uses, and development opportunities with the City of San Diego. Conveniently located with quick access to Downtown San Diego, major freeways, public transportation, shopping, dining, and employment centers, this is a compelling opportunity for investors seeking stable in-place income with meaningful upside through lease optimization, additional ancillary income, and long-term strategic positioning.
Details
| MLS # | 260017358SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 110 |
| Listing Provided By | Keller Williams Realty | Darin Triolo |
Features
| Units | 5 |
|---|---|
| Building(s) | 1 |
| Zoning | COMMERCIAL |
| Acreage | 0.15 |
Interior
| Heating | Forced Air, See Remarks, Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
Exterior
| Construction Materials | Drywall, Stucco |
|---|
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92114 |
| Area | 92114 Encanto |
| Listing VS Median (in 92114) | |
Price: $1,099,000 low | high Med: $739,000 On site: 110 low | high Med: 16 | |
Market Activity 92114
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92114 |
| Area | 92114 Encanto |
| Listing VS Median (in 92114) | |
Price: $1,099,000 low | high Med: $739,000 On site: 110 low | high Med: 16 | |
 | $1,125,0006860 Madrone AvenueSan Diego, CA 92114 |
 | $915,0006937 MadroneSan Diego, CA 92114 |
 | $835,000San Diego, CA 92114 |
