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2609 Adams Ave
San Diego, CA 92116 North Park

$4,495,000 USD

Hotel For Sale  •  3,360 SF

Property Details

  • Property Type Hotel
  • Total Building Size 3,360 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1968
  • Cap Rate 6.36 %
  • Zoning CC-3-4
49 Transit Score
90 Walk Score

Highlights

Unit Mix: 10 Boutique Suites, 1 Restaurant & Tap Room, Coffee Shop & Patio
Parking: Estimated 5-On-site Spaces
Full Groundup rebuild in 2025 with exterior and interior high-end finishes
Potential AB1482 Exemption Offering Long Term Rent Control Advantages (Buyer to confirm)
Income: Suites roughly $26,000/month and Restaurant $15,000/month (Buyer to confirm)
Desirable Location for AirBnB, extremely walkable, safe, fun area

Financial Summary (Actual)

Net Operating Income: $285,792 USD (2025)
Cap Rate: 6.36 %
Total Expenses: $208,789 USD

Amenities

  • On-Site Retail
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

Public Transportation

Commuter RailDriveWalkDistance
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 10 min - 5.2 mi
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 9 min - 5.3 mi
AirportDriveWalkDistance
San Diego International 9 min - 4.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Eric von Bluecher 760-929-7846 Eric von Bluecher
Eric von Bluecher 760-929-7846 Eric von Bluecher