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Two-Building Apartment Investment
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1130 Eleventh Ave, San Diego, CA 92101

Two adjacent apartment properties total 25 units on a zoned city-block lot with recent interior and exterior renovations.

Property Size9,100 SF
Lot Size0.17 Acres
Days on Market125

Property Features for 1130 Eleventh Ave

General Information

Standard status Active
Size 9,100 SF
Lot size 0.17 Acres
Property subtype Multifamily
Zoning CCPD-RE

Additional Details

Business Included Yes
Multifamily Units 25

Building Details

Tenancy Multi
Listing Agency: Top Gun CRE Inc
Listed By: Max Delbecq · License #CA 01964069
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 9:11PM

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 Top Gun CRE Inc

Investment Insights

Based on property information with market context.

Sage House Apartments is a two-building, 25-unit apartment property presented as a combined offering. The community consists of 1130 11th Ave with 12 units and 1134 11th with 13 units, including (3) 1-bedroom, 1-bath units and (10) studio units. The buildings were originally constructed in 1920 and 1941, and the property has undergone recent interior and exterior renovations, including newer flooring, appliances, kitchens, bathrooms, fixtures, paint, and landscaping.

The property is situated on a roughly 7,556-square-foot lot zoned CCPD-RE and is within Transit Priority Area and Transit Area Overlay zones. The surrounding configuration includes commercially-zoned parking lots on either side of the property, and the three parcels are described as making up an entire city block with development potential. The Transit Area Overlay is noted as reducing minimum parking requirements.

Tenant amenities include a gated property entry, on-site laundry, a private patio with outdoor seating, and in-unit gas-operated stove ranges, with monthly paid parking provided in the parking lots on either side of the subject property.

Key Highlights

  • Seller financing available: 2‑year interest‑only with $2.5M down; rate negotiable (Top Gun CRE, Inc.).
  • Two adjacent buildings (1130 11th Ave: 12 units; 1134 11th Ave: 13 units incl. 3 1BR/1BA and 10 studios).
  • Total estimated 9,100 rentable SF on an approx. 7,556 SF lot zoned CCPD‑RE (Tier 1 - no FAR limit).

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Veterinary Clinic Butcher Clothing & Fashion Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

25
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

781
Businesses Nearby

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

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two adjacent apartment properties total 25 units on a zoned city-block lot with recent interior and exterior renovations.
Where is this apartment building located?
The property is located at 1130 Eleventh Ave San Diego, CA.
What are key features of this property?
This property features: Seller financing available: 2‑year interest‑only with $2.5M down; rate negotiable (Top Gun CRE, Inc.).; Two adjacent buildings (1130 11th Ave: 12 units; 1134 11th Ave: 13 units incl. 3 1BR/1BA and 10 studios).; Total estimated 9,100 rentable SF on an approx. 7,556 SF lot zoned CCPD‑RE (Tier 1 - no FAR limit).
(619) 550-4515 Call to check price and availability
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