10-Unit Mixed-Use
1041-47 6th Ave, San Diego, CA 92101
For Sale
New
$2,500,000
Pending
This downtown San Diego building combines residential and commercial space and is fully occupied.
Property Size10,962 SF
Days on Market1
Property Features for 1041-47 6th Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Mixed-Use Components
Additional Details
Multifamily Units
Tenant in Place
Amenities
No
8
0.0
10962.0
1
Building Details
Building Size
Stories
Tenancy
Listing Agency:
NorthMarq Multifamily
(415) 250-4947
Listed By:
Benn Vogelsang · License CA #01883437
(619) 794-0381
Source:
Unitedhometeams
Added: Nov 13
Last Checked: Nov 13 at 2:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NorthMarq Multifamily
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Marion is a 10,962-square-foot mixed-use property at 1041-47 6th Ave in San Diego. Its 10 units comprise eight residences and two commercial spaces, and the property is fully occupied.
The building is in the Core-Columbia area of downtown San Diego. Its reported Walk Score is 99, with dining, bars, and retail establishments among the nearby urban amenities.
The building is in the Core-Columbia area of downtown San Diego. Its reported Walk Score is 99, with dining, bars, and retail establishments among the nearby urban amenities.
Key Highlights
- 10,962‑square‑foot mixed‑use property
- 10 units: eight residential and two commercial
- Fully occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$211,786
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,235,720
$4.2M
Cap Rate 7%
$3,025,514
$3.0M
Cap Rate 9%
$2,353,178
$2.4M
Market Conditions
NOI Build-Up for 10,962 SF
Gross rent
$368.3K $33.60/SF
− Vacancy
−$29.5K −$2.69/SF
EGI
$338.9K $30.91/SF
− OpEx
−$127.1K −$11.59/SF
NOI
$211.8K $19.32/SF
Area
San Diego, CA
Vacancy
8.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,235,720
Cap Rate 7%
$3,025,514
Cap Rate 9%
$2,353,178
Alternative Uses
Best Use
Mixed Use
$3.03M
$2.65M – $3.53M
NOI $211,786 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$2.59M
$2.26M – $3.02M
NOI $181,180 @ 7.0% cap · market cap 7.25%
Theoretical Best
Specialty Retail
$4.33M
$3.79M – $5.05M
NOI $303,077 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
13,093
Businesses Nearby
Explore this area
Business Placement
Demographics for 92101, CA
47,505
Population
32,909
Households
1.4
Avg Household Size
39
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
8,797
Density / Sq Mi
$90,477
Median Household Income
$72,371
Median Earnings
$2,351
Median Rent
$740,500
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in San Diego, CA
Properties on Market for Mixed-use properties in San Diego
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - This downtown San Diego building combines residential and commercial space and is fully occupied.
Where is this mixed-use property located?
The property is located at 1041-47 6th Ave San Diego, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10,962‑square‑foot mixed‑use property; 10 units: eight residential and two commercial; Fully occupied
