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Property for sale: 1901-11 Morena Blvd in San Diego

1901-11 Morena Blvd San Diego

Main Photo: Property for sale: 1901-11 Morena Blvd in San Diegobanner
$3,300,000 /471428.0
Prop. Type:
Com-Res Income
MLS® Num:
250025814
Status:
Active
Year Built:
1952
Situated on a prominent corner lot in the desirable Bay Park neighborhood, 1901–1911 Morena Blvd offers a rare opportunity to acquire a seven-unit apartment building with significant upside potential. Each unit boasts a unique layout, with most having undergone renovations over the years, including the installation of vinyl windows. The property features a newly constructed concrete parking lot, providing 14 off-street parking spaces—a valuable amenity in this high-demand area. Located within the CC-4-2 zoning designation, the property allows for a variety of residential and commercial uses, presenting potential redevelopment opportunities. Its prime location offers easy access to major freeways (I-5 and I-8), public transportation, and is just minutes from the University of San Diego, Mission Bay Park, Tecolote Canyon Natural Park, and a variety of dining and shopping options along Morena Blvd. This asset is ideal for investors seeking stable income with long-term growth prospects in one of San Diego's most sought-after neighborhoods.
Rental Amount:
14170
Price Per Unit:
471428.0
County:
San Diego
Market Area:
Metro
Number of Buildings:
1
Number of Units:
7
Num Stories:
2
Year Built:
1952
Gross Multiplier:
19.4
Gross scheduled income:
170040.0
Operating expense:
76131
Gross equity:
3300000
Motive / Want:
Exchange
Listing Type:
Exclusive Right (R)
Parcel Number:
430-731-05-00
Number of Units in Unit 1:
3
Unit 1 Furnished:
0
Total Rent for Unit 1:
5250.0
Bedrooms for Unit 1:
1
Bathroom 1:
1.0
Number of Units in Unit 2:
2
Unit 2 Furnished:
0
Total Rent for Unit 2:
4220.0
Bedrooms for Unit 2:
2
Bathroom 2:
1.0
Number of Units in Unit 3:
2
Unit 3 Furnished:
0
Total Rent for Unit 3:
4700.0
Bedrooms for Unit 3:
2
Bathroom 3:
1.5
Listed by South Coast Commercial, Inc.
Data was last updated May 1, 2025 at 09:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego Multiple Listing Service, Inc.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego Multiple Listing Service, Inc.