Three-Story Mixed-Use
For Sale
$2,669,000
2368 2nd Ave, San Diego, CA 92101
Three-story building with independently accessible floors, onsite parking, and historic designation, currently owner-occupied.
Property Size3,800 SF
Price / SF$702.37
Days on Market155
Property Features for 2368 2nd Ave
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Commercial
Building Details
Building Size
3,800 SF
Stories
3
Listing Agency:
Keller Williams San Diego Metro
(858) 243-4554
Listed By:
Salvatore W Cefalu · License #01435914
(858) 243-4554
Source:
Americangrouponline
Added: Feb 26
Changed: Jul 22
Last Checked: Jul 22 at 6:27AM
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 Keller Williams San Diego Metro
Investment Insights
Based on property information with market context.
This three-story structure offers a flexible mixed-use configuration with independently accessible floors and private in-egress. The property includes onsite parking and is noted as having a historic designation. The building is currently used as an owner-occupied space.
Located at the intersection of Bankers Hill, Balboa Park, and Airport, the property’s positioning is highlighted as a key factor in its adaptability and zoning flexibility.
With close to 3,800 square feet total and separate floor access, the layout supports the practical option for an owner to lease and operate portions while also occupying one or more levels, depending on the intended plan for the building.
Located at the intersection of Bankers Hill, Balboa Park, and Airport, the property’s positioning is highlighted as a key factor in its adaptability and zoning flexibility.
With close to 3,800 square feet total and separate floor access, the layout supports the practical option for an owner to lease and operate portions while also occupying one or more levels, depending on the intended plan for the building.
Key Highlights
- Three‑story building with independently accessible floors and private in‑egress
- Historic designation
- Close to 3,800 sq ft; current use is owner occupant
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 | $136.8k | $36.00 |
| − Vacancy | −$5.8k | −$1.52 |
| EGI | $131.0k | $34.48 |
| − OpEx | −$39.3k | −$10.35 |
| NOI | $91.7k | $24.14 |
3,800 SF · lease $36.00/SF/yr · vacancy 4.21% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,729 @ 7.0% cap · market cap 3.44%
Second Best
Mixed Use
$1.05M
$917.7K – $1.22M
NOI $73,416 @ 7.0% cap · market cap 2.75%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,062 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,728
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
Properties on Market for Mixed-use properties in San Diego County
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story building with independently accessible floors, onsite parking, and historic designation, currently owner-occupied.
Where is this mixed-use property located?
The property is located at 2368 2nd Ave San Diego, CA.
What is the asking price?
The asking price for this property is $2,669,000.
What are key features of this property?
This property features: Three‑story building with independently accessible floors and private in‑egress; Historic designation; Close to 3,800 sq ft; current use is owner occupant
