2611 Adams Avenue, San Diego, CA 92116
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
Listed by: eric von bluecher
Office: lee & associates760-929-9700
MLS#:NDP2601764
Source:CRMLS
Price summary
- Price:$4,495,000
- Price per sq. ft.:$1,337.8
About this home
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....
Contact an agent
Home facts
- Year built:2025
- Listing ID #:NDP2601764
- Added:104 day(s) ago
- Updated:June 09, 2026 at 10:49 AM
Rooms and interior
- Living area:3,360 sq. ft.
Structure and exterior
- Year built:2025
- Building area:3,360 sq. ft.
- Lot area:0.16 Acres
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,495,000
- Price per sq. ft.:$1,337.8
Parking
- Total parking spaces:5
New listings near 2611 Adams Avenue
- Open Sat, 12 to 2pmNew
$1,224,999Active3 beds 2 baths1,272 sq. ft.5198 Bocaw Pl, San Diego, CA 92115
MLS# 260013882SDListed by: COMPASS - Coming Soon
$1,199,000Coming Soon2 beds 3 bathsAddress Withheld By Seller, San Diego, CA 92110
MLS# 260013884SDListed by: MILLENNIAL REALTY GROUP - Coming Soon
$1,449,000Coming Soon4 beds 2 bathsAddress Withheld By Seller, San Diego, CA 92117
MLS# 260013883SDListed by: REAL BROKER - Coming Soon
$869,000Coming Soon2 beds 2 baths4155 Executive Drive #E111, La Jolla, CA 92037
MLS# NDP2605524Listed by: EXP REALTY OF SOUTHERN CA - Coming Soon
$739,900Coming Soon2 beds 1 bathsAddress Withheld By Seller, San Diego, CA 92121
MLS# 260013866SDListed by: CENTURY 21 AFFILIATED - New
$625,000Active1 beds 1 baths628 sq. ft.13754 Mango Dr #123, Del Mar, CA 92014
MLS# 260013870SDListed by: TXR HOMES, INC. - New
$1,947,000Active4 beds 4 baths3,092 sq. ft.2552 Arnott Street, San Diego, CA 92110
MLS# 260013873SDListed by: TXR HOMES, INC. - Open Sat, 12 to 2pmNew
$1,224,999Active3 beds 2 baths1,272 sq. ft.5198 Bocaw Pl, San Diego, CA 92115
MLS# 260013860SDListed by: COMPASS - New
$1,679,000Active3 beds 3 baths2,132 sq. ft.7911 Caminito Del Cid, La Jolla, CA 92037
MLS# 260013849Listed by: COLDWELL BANKER REALTY - Coming Soon
$1,395,000Coming Soon3 beds 3 bathsAddress Withheld By Seller, San Diego, CA 92130
MLS# 260013858SDListed by: KELLER WILLIAMS REALTY