2611 Adams Avenue, San Diego, CA 92116

San Diego
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
2611 Adams Avenue,North Park (san Diego), CA 92116
$4,495,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: eric von bluecher
Office: lee & associates
MLS#:NDP2608921
Source:San Diego MLS via CRMLS

Price summary

  • Price:$4,495,000

About this home

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...

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Home facts

  • Listing ID #:NDP2608921
  • Added:1 day(s) ago
  • Updated:September 25, 2026 at 02:40 PM

Finances and disclosures

  • Price:$4,495,000
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