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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:
306651217
Status:
Active
The Von Bluecher Group at Lee and Associates is proud to present 2611 Adams Avenue, San Diego Multifamily Investment Property, a fully rebuilt 2025 mixed use apartment building investment located in the heart of North Park along the highly desirable Adams Corridor. This San Diego multifamily and mixed use investment offers diversified income from a stabilized restaurant lease and 10 fully furnished luxury boutique suites, delivering strong in place cash flow in one of the most walkable and supply constrained neighborhoods in San Diego. The property sits on a 7,009 square foot lot with approximately 3,360 square feet of total building area and includes five on site parking spaces. The building was rebuilt from the ground up in 2025 with modern construction, open floor plans, and high end interior and exterior finishes. Multifamily and Mixed Use Investment Highlights The residential component includes 10 fully furnished luxury boutique suites totaling approximately 2,330 square feet. Six units are approximately 285 square feet and four units are approximately 155 square feet. Each suite features a private bathroom, wet bar amenities, and modern finishes, making the property ideal for short term rental, corporate housing, extended stay, or traditional multifamily configurations. The luxury suites are projected to generate approximately $26,215 per month at an 80 percent average occupancy rate, reflecting strong demand for furnished housing in North Park and the Adams Corridor. The commercial component includes a 1,030 square foot tap room with a full bar, walk in refrigerator,
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
1
County Or Parish:
San Diego
Neighborhood Code:
University Heights
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.:
6.36
Gross scheduled income:
494581.0
Operating expense:
208789.0
Number of Units:
10
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 February 27, 2026 at 07:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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