Mixed-Use Property with Flexible
For Sale
Contact for pricing
2730 2736 & 2740-2752 Imperial Ave, San Diego, CA 92102
The assemblage combines adaptable occupancy options with CN-1-3 zoning in San Diego’s Grant Hill neighborhood.
Property Size9,075 SF
Price / SF$264.46
Days on Market207
Property Features for 2730 2736 & 2740-2752 Imperial Ave
General Information
Standard status
Active
Size
9,075 SF
Property subtype
Mixed Use, Multifamily, Retail
Zoning
CN-1-3, San Diego
Occupancy
100%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$84,223
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Opportunity Zone
Yes
Building Details
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
CBRE - San Diego
(858) 546-4604
Listed By:
Reg Kobzi · License #CA 00917639
Source:
Crexi
Added: Feb 5
Changed: Aug 30
Last Checked: Aug 30 at 4:16PM
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 CBRE - San Diego
Investment Insights
Based on property information with market context.
This 9,075-square-foot mixed-use assemblage includes properties at 2730, 2736, and 2740-2752 Imperial Avenue. Short-term and month-to-month lease structures support near-term occupancy flexibility, including potential owner-user use or a phased redevelopment plan. The property is zoned CN-1-3 and designated within an Opportunity Zone.
Positioned along a primary thoroughfare, the assemblage offers high visibility and reported foot and vehicle traffic, with access to major transportation arteries. Downtown San Diego and San Diego International Airport are both described as minutes away. Public transit, employment hubs, and surrounding residential neighborhoods contribute to the area’s tenant demand. The adjacent property at 114 Hensley Street is also available for acquisition, creating an opportunity to evaluate a larger assemblage.
Positioned along a primary thoroughfare, the assemblage offers high visibility and reported foot and vehicle traffic, with access to major transportation arteries. Downtown San Diego and San Diego International Airport are both described as minutes away. Public transit, employment hubs, and surrounding residential neighborhoods contribute to the area’s tenant demand. The adjacent property at 114 Hensley Street is also available for acquisition, creating an opportunity to evaluate a larger assemblage.
Key Highlights
- 9,075‑square‑foot mixed‑use assemblage at 2730, 2736, and 2740‑2752 Imperial Avenue
- CN‑1‑3 zoning in San Diego
- Located within a designated Opportunity Zone
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$219,062
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,381,240
$4.4M
Cap Rate 7%
$3,129,457
$3.1M
Cap Rate 9%
$2,434,022
$2.4M
Market Conditions
NOI Build-Up for 9,075 SF
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.
Gross rent
$326.7K $36.00/SF
− Vacancy
−$13.8K −$1.52/SF
EGI
$312.9K $34.48/SF
− OpEx
−$93.9K −$10.35/SF
NOI
$219.1K $24.14/SF
Area
San Diego, CA
Vacancy
4.21%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,381,240
Cap Rate 7%
$3,129,457
Cap Rate 9%
$2,434,022
Alternative Uses
Best Use
Retail
$3.13M
$2.74M – $3.65M
NOI $219,062 @ 7.0% cap · market cap 9.13%
Second Best
Mixed Use
$2.50M
$2.19M – $2.92M
NOI $175,329 @ 7.0% cap · market cap 7.31%
Theoretical Best
Specialty Retail
$3.58M
$3.14M – $4.18M
NOI $250,906 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,850
Businesses Nearby
Explore this area
Business Placement
Demographics for 92102, CA
39,783
Population
15,622
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
80%
High-School Grad
4.5 sq mi
ZIP Area
8,841
Density / Sq Mi
$71,319
Median Household Income
$40,142
Median Earnings
$1,855
Median Rent
$646,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - The assemblage combines adaptable occupancy options with CN-1-3 zoning in San Diego’s Grant Hill neighborhood.
Where is this mixed-use property located?
The property is located at 2730 2736 & 2740-2752 Imperial Ave San Diego, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 9,075‑square‑foot mixed‑use assemblage at 2730, 2736, and 2740‑2752 Imperial Avenue; CN‑1‑3 zoning in San Diego; Located within a designated Opportunity Zone
