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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

Financial Summary (Actual)

Net Operating Income: $136,652 USD (2025)
Cap Rate: 1.92 %
Total Expenses: $140,998 USD

Public Transportation

Commuter RailDriveWalkDistance
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/SubwayDriveWalkDistance
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
AirportDriveWalkDistance
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
Bill Anderson 858-245-4887 ACRE Investment Real Estate Services