Active

2611 Adams Avenue

San Diego, CA 92116
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt3,360

Sqft

SqFt7,009

Sqft(Lot)

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, storage areas, and indoor dining space. The combined square footage of the tap room and outdoor patio totals approximately 3,500 square feet, creating a vibrant indoor outdoor hospitality environment. The restaurant space is leased at $15,000 per month NNN and is anchored by Una Mas on Adams and Gold Soul Craft Coffee, generating consistent activity and neighborhood traffic. Investment Profile • Approximately $41,215 per month in combined income • 6.36 percent cap rate • 9.09 GRM • Ground up rebuild completed in 2025 • Potential AB1482 exemption associated with newer construction *Some income and expense metrics are projected and/or estimated, buyer to verify and conduct their own due diligence. This North Park apartment building investment benefits from strong neighborhood demand, steady foot traffic, and proximity to restaurants, breweries, retail, and parks. Adams Avenue continues to attract private capital and 1031 exchange buyers seeking stabilized San Diego multifamily and mixed use investment opportunities. Multiple financing options may be available, including traditional bank financing, SBA financing, hard money, and potential seller financing for qualified buyers. For additional information, financials, or a confidential property valuation for your own San Diego multifamily investment, please contact The Von Bluecher Group at Lee and Associates.

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Detail Ic Property Details

Property Type : Residential Income

Price : $4,495,000

AD Id : 75584843

MLS Id : NDP2601764

Lot Size : 7,009 Sqft

Living Area Size : 3,360

Year Built : 2025

County : San Diego

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Feature Features

  • Bathroom Information

    Total Baths: 0

    Water/Sewer

    Sewer: Public Sewer
  • Cooling Features

    Air Conditioning

    Heating Source

    Has Heating

    Fireplace

    Has Fireplace: 0

  • Building Information

    Year Built: 2025 Building Area Total: 3,360
  • Pool Features

    None

    Laundry Features

    None

  • Lot Details

    Lot Dimensions Source: Assessor Lot Size Acres: 0.1609
  • Lot Size Source: Assessor Lot Size Square Feet: 7009

  • Listing Price Information

    Original List Price: 4,495,000 Listing Contract Date: 2026-02-24
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 4450820100

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 92104 - North Park Directions: Contact Broker for Instructions Zoning: Commercial. Buyer to veri Source Property Type: Residential Income Area: 92104 - North Park
  • Building and Construction

    Property Age: 1 Common Walls: 2+ Common Walls Year Built Source: Assessor Entry Level: 1 Entry Location: Front Of Street & Side Property Attached: Yes
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Nearby Home Value

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4682 Vista Street, San Diego, CA, 92116 $1,995,000 3 3 2,922 2,922 SqFt
4525 Vista St., San Diego, CA, 92116 $1,695,000 3 3 2,102 2,102 SqFt
4502 Vista St, San Diego, CA, 92116 $1,499,000 3 2 1,492 1,492 SqFt
4445 47 N 42nd St, San Diego, CA, 92116 $1,499,000 5 3 1,836 1,836 SqFt
4411 Mcclintock, San Diego, CA, 92116 $785,000 2 1 672 672 SqFt
3430 Monroe Ave, San Diego, CA, 92116 $1,175,000 3 2 2,100 2,100 SqFt
4669 73 Felton Street, San Diego, CA, 92116 $1,595,000 -- -- 2,964 2,964 SqFt

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ByOwner last updated this listing 06/18/2026 @ 00:32

MLS: NDP2601764 LISTED BY: Eric von Bluecher, Lee & Associates 760-929-9700 SOURCE: CRMLS

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