1468 1St AveSan Diego, CA 92101 View Map $6,900,000 Schedule a Tour
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Robert & Joy Aumann(858) 752-8730
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FOR SALE: 1468 1St Ave San Diego CA 92101 | 230004013 |$6,900,000| Call Rob (858) 752-8730 for a TOUR!
Property Type:Com-Res Income
On Site:1 Day
Office:The Browar Group
MOTIVATED SELLER - OFFERS WELCOME A truly iconic piece of San Diego history - a first time to market legacy asset in an A+ location. 1468 1st Ave is a SRO property comprised of 34 units and one office space. Each unit has undergone significant recent renovations including new flooring, vanities, ceiling fans, windows, and more. A select 8 units also come with their own bathroom. Each floor has its own kitchen space and bathroom + shower space. Upgrades to the exterior and continued sprucing up of interiors will allow a new owner to capture upwards of 50% rental upside. Or, given the rare component of the last remaining lots in downtown that can be developed, this property is sure to garner developer interest as well. The location is truly second to none, bordering the Little Italy and central San Diego Downtown districts. This building can be sold with or separate from 1445 Front St, located on the same block. The Seller is motivated, prime and ready to 1031 exchange into another market and retire. Take the opportunity to own a legacy piece of real estate in America's finest city.
$000 Monthly Payment
Loan and interest only.
Address:1468 1St Ave, San Diego, CA 92101
Area (MLS Code):Metro Central
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Tax and Financial Info
Gross Sched Income Projected: $51, 000
Cap Rate Actual: $2.57
Cap Rate Projected: $5.44
Actual Operating Expense: $207, 992
Actual Gross Schd Income: $397, 380
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1468 1St Ave San Diego, CA 92101
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