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Residential Income for sale: 2611 Adams Avenue in North Park (san Diego)

2611 Adams Avenue North Park (san Diego)

Main Photo: Residential Income for sale: 2611 Adams Avenue in North Park (san Diego)banner
$4,495,000
Prop. Type:
Residential Income
MLS® Num:
307084043
Status:
Active
7.1% CAP |󠃢󠂁󠂤󠃢󠂀󠂋󠃳󠂠󠂁󠂁󠃢󠂀󠂋󠃢󠂁󠂡󠃳󠂠󠂀󠂠 SELLER FINANCING AVAILABLE. Rare North Park income property located along the highly desirable Adams Avenue Corridor. Offered at $4,495,000 with approximately $319,000 NOI based on current underwriting. Fully renovated down to the studs in 2025, the property features 10 furnished hotel suites leased to a single operator plus a separately leased restaurant / hospitality component. Commercial space is leased at $15,000/month on a long-term NN lease through August 2035 with 3% annual rent increases and additional percentage-rent potential. Property offers a low-maintenance operating structure with many expenses paid by the respective tenants/operators. Prime walkable North Park location, approximately 5 on-site parking spaces and expansive indoor/outdoor commercial space. Ideal 1031 exchange opportunity. Seller financing available to qualified purchasers. Potential leaseback / owner-operator flexibility. Beer & wine license may be available separately in connection with the sale, subject to transferability and applicable approvals. Buyer to verify all information.
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
1
County Or Parish:
San Diego
Neighborhood Code:
University Heights/North Park
Total Building Area:
Switch units of measure0 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
0
Bathrooms:
0
Half Bathrooms:
0
Total Stories:
1
Year Built:
0
Age (in years):
Switch units of measure2,026 year(s)
Home Owner Fees:
$0
Mello Roos Fee:
$0
Mello Roos Fee Frequency:
Year
Cap Rate.:
7.09
Gross scheduled income:
396000.0
Operating expense:
65352.0
Number of Units:
11
Contact Broker for Instructions
Lot Size:
Switch units of measure7,009 sq. ft.
Parcel Number:
4450820100
Pool Features:
N/K
Assessments:
Yes/Remarks
Zoning:
Assessor
Listed by Lee & Associates
Data was last updated October 1, 2026 at 05:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
Data Source Logo
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 © 2026 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 © 2026 San Diego Multiple Listing Service, Inc.