Mixed-Use Office and Retail
For Sale
Contact for pricing
2445 Fifth Ave, San Diego, CA 92101
Multi-tenant office over ground-floor retail, currently 91.74% leased.
Property Size42,363 SF
Days on Market111
Property Features for 2445 Fifth Ave
General Information
Standard status
Active
Size
42,363 SF
Property subtype
Mixed Use, Office, Retail
Occupancy
92%
Building Details
Stories
3
Tenancy
Multi
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Ricky Partida · License #02027870
Source:
Crexi
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 22 at 8:29PM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
The Laurel at Balboa is a mixed-use building featuring 34,916 square feet of rentable multi-tenant office space across three floors and 6,500 square feet of ground-floor retail within 42,363 square feet of gross building area. The property is currently 91.74% leased. Select suites include private balconies with views of Downtown San Diego and Balboa Park.
The ground floor is anchored by CUCINA Urbana, a flagship restaurant by the Urban Kitchen Group, which has operated at the location since 2005. The restaurant recently exercised a 5-year renewal.
Preliminary renderings propose converting the office space into 39 luxury apartment units, creating a potential repositioning path for an owner who wants to combine income generation with future redevelopment.
The ground floor is anchored by CUCINA Urbana, a flagship restaurant by the Urban Kitchen Group, which has operated at the location since 2005. The restaurant recently exercised a 5-year renewal.
Preliminary renderings propose converting the office space into 39 luxury apartment units, creating a potential repositioning path for an owner who wants to combine income generation with future redevelopment.
Key Highlights
- 42,363 SF gross building area with 34,916 SF rentable multi‑tenant office across three floors and 6,500 SF ground‑floor retail
- 91.74% leased/occupied, providing immediate income with upside through lease‑up and rent growth
- Ground‑floor retail is anchored by CUCINA Urbana, operating at the location since 2005 and recently renewing for 5 years
Property Analytics
Property Profile
Current Use
Lease Details
91.7%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,478
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
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office over ground-floor retail, currently 91.74% leased.
Where is this office building located?
The property is located at 2445 Fifth Ave San Diego, CA.
What are key features of this property?
This property features: 42,363 SF gross building area with 34,916 SF rentable multi‑tenant office across three floors and 6,500 SF ground‑floor retail; 91.74% leased/occupied, providing immediate income with upside through lease‑up and rent growth; Ground‑floor retail is anchored by CUCINA Urbana, operating at the location since 2005 and recently renewing for 5 years
