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2611 Adams Ave
San Diego, CA 92116 North Park

$4,495,000 USD

Apartments For Sale • 5,830 SF

Property Details

Property Type Apartments
Total Building Size 3,360 SF
Lot Size 0.16 AC
Building Class B
Year Built 2024
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

Air Conditioning
Heating
Refrigerator
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	8 min	-	5.0 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	10 min	-	5.2 mi
Airport	Drive	Walk	Distance
San Diego International	10 min	-	4.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Eric von Bluecher 760-929-7846 Eric von Bluecher

2611 Adams Ave San Diego, CA 92116 North Park