Mixed-Use Office and Retail
For Sale
$1,189,000
825-829 Washington St., San Diego, CA 92103
COMMERCIAL - San Diego, CA
Property Size1,778 SF
Lot Size0.03 Acres
Price / SF$668.73
Days on Market520
Property Features for 825-829 Washington St.
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Subdivision
MISSION HILLS (92103)
Standard status
Active
APN
444-690-24-00
Size
1,778 SF
Lot size
0.03 Acres
Utilities
Cooling system
Electric, Heat Pump, Central Air
Building Details
Year built
1958
Floors in Building
2
Number of units
3
Listing Agency:
VO Properties & Investments
(858) 864-8118
Listed By:
Teresa Vo · License #01341470
(858) 864-8118
Added: Mar 3, 2025
Changed: Aug 4
Last Checked: Aug 5 at 8:06PM
MLS# 250020442
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property contains three units combining office and retail space, presented with a mix of modern upgrades and vintage-inspired character. The property has been significantly refreshed with improvements that include a new roof, HVAC, asphalt, flooring, windows, electrical, lighting, plumbing, relined sewer, fencing, security features, interior paint and finishes, and a two-story exterior mural.
The building is located at 825-829 Washington St. in San Diego’s Hillcrest area. Public remarks note high visibility with foot and vehicle traffic, with surrounding uses including apartments and a range of neighborhood services. The property is described as being about one block from the 163.
With three separate units on-site, the configuration supports multiple occupancy options within the same building, with the updated systems and finishes intended to reduce near-term capital needs.
The building is located at 825-829 Washington St. in San Diego’s Hillcrest area. Public remarks note high visibility with foot and vehicle traffic, with surrounding uses including apartments and a range of neighborhood services. The property is described as being about one block from the 163.
With three separate units on-site, the configuration supports multiple occupancy options within the same building, with the updated systems and finishes intended to reduce near-term capital needs.
Key Highlights
- 3 units on Washington Street in Hillcrest, San Diego.
- Upgrades include new roof, HVAC, asphalt, flooring, windows, electrical, lighting, plumbing, relined sewer, and interior paint/finishes.
- HVAC includes central air and a heat pump with electric cooling.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.0k | $36.00 |
| − Vacancy | −$2.7k | −$1.52 |
| EGI | $61.3k | $34.48 |
| − OpEx | −$18.4k | −$10.35 |
| NOI | $42.9k | $24.14 |
1,778 SF · lease $36.00/SF/yr · vacancy 4.21% · expense 30.00%
Alternative Uses
Best Use
Retail
$613.1K
$536.5K – $715.3K
NOI $42,919 @ 7.0% cap · market cap 3.61%
Second Best
Office B
$490.3K
$429.1K – $572.1K
NOI $34,324 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$702.3K
$614.5K – $819.3K
NOI $49,158 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,651
Businesses Nearby
Explore this area
Business Placement
Demographics for 92103, CA
33,311
Population
21,363
Households
1.6
Avg Household Size
42
Median Age
63%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,003
Density / Sq Mi
$96,887
Median Household Income
$69,732
Median Earnings
$2,020
Median Rent
$986,800
Median Home Value
Market
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Three remodeled office and retail units at 825-829 Washington St. offer extensive exterior and systems upgrades.
Where is this office units located?
The property is located at 825-829 Washington St. San Diego, CA.
What is the asking price?
The asking price for this property is $1,189,000.
What are key features of this property?
This property features: 3 units on Washington Street in Hillcrest, San Diego.; Upgrades include new roof, HVAC, asphalt, flooring, windows, electrical, lighting, plumbing, relined sewer, and interior paint/finishes.; HVAC includes central air and a heat pump with electric cooling.
