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1561-1575 9th Ave
San Diego, CA 92101 Cortez

$7,125,000 USD

Apartments For Sale • 7,738 SF

Property Details

Property Type Apartments
Total Building Size 7,738 SF
Lot Size 0.35 AC
Building Class C
Year Built 1930
Cap Rate 1.92 %
Zoning R-4

76 Transit Score

89 Walk Score

                
                    Highlights
                
                                Two contiguous parcels totaling 15,000 SF at the top of Cortez Hill
                            
                                Located within Complete Communities District (FAR effectively waived)
                            
                                Covered Land Play: In-place income from 13 existing units
                            
                                Existing improvements: 5 multifamily buildings with 13 units and 12 parking spaces (9 open stalls and 3 garages)
                            
                                Unit mix: ten 1BR/1BA, one 2BR/1BA, and two studios/1BA plus three cottages (including one duplex)
                            
                                Surrounded by significant multifamily development activity, underscoring strong submarket demand

Property Flyers

Wilson Apartments Offering Memorandum

Financial Summary (Actual)

Net Operating Income: $136,652 USD (2025)

Cap Rate:	1.92 %
Total Expenses:	$140,998 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	3 min	-	1.2 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	7 min	-	3.7 mi
Transit/Subway	Drive	Walk	Distance
5th Avenue (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	2 min	11 min	0.5 mi
City College (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	2 min	11 min	0.5 mi
Civic Center (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	2 min	14 min	0.7 mi
County Center/Little Italy (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	2 min	16 min	0.8 mi
Park and Market (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley), Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	3 min	18 min	0.9 mi
Airport	Drive	Walk	Distance
San Diego International	6 min	-	3.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	9
Type:	Surface
Included in Rent:	Yes

Bill Anderson 858-245-4887 ACRE Investment Real Estate Services

1561-1575 9th Ave San Diego, CA 92101 Cortez