Mixed-Use Property with Commercial
New
For Sale
$1,080,000
2971 Imperial Ave, San Diego, CA 92102
Commercial Sale, San Diego, CA
Property Size1,775 SF
Lot Size0.13 Acres
Price / SF$608.45
Days on Market1
Property Features for 2971 Imperial Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Neighborhood Shopping Ctr
Subdivision
SAN DIEGO (92102)
Standard status
Active
APN
545-362-04-00
Size
1,775 SF
Lot size
0.13 Acres
Utilities
Heating system
Electric (Heating), Forced Air, Central
Cooling system
Central Air, Electric
Amenities
covered patio
gated driveway
Building Details
Number of units
2
Roof type
Composition
Listing Agency:
Coldwell Banker West · Coldwell Banker Real Estate
(619) 325-4100
Listed By:
Cristina Neighbor · License #01373282
(619) 241-5630
Added: Sep 25
Last Checked: Sep 25 at 11:06PM
MLS# 260023524
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property combines a remodeled detached residence of approximately 1,050 square feet, configured with three bedrooms and 2.5 bathrooms, with a separate commercial building of approximately 700 square feet. A covered patio and gated driveway with alley access are also on site, along with parking for six or more vehicles.
The commercial building faces Imperial Ave. The approximately 5,600-square-foot parcel is zoned CN-1-3 and falls within the Complete Communities Housing Solutions Tier 3 area. Qualifying projects may be eligible for up to 6.5 FAR under the stated program parameters.
The commercial building faces Imperial Ave. The approximately 5,600-square-foot parcel is zoned CN-1-3 and falls within the Complete Communities Housing Solutions Tier 3 area. Qualifying projects may be eligible for up to 6.5 FAR under the stated program parameters.
Key Highlights
- Detached residence: approximately 1,050 square feet, 3 bedrooms and 2.5 bathrooms
- Separate commercial building of approximately 700 square feet facing Imperial Ave
- Approximately 5,600‑square‑foot lot zoned CN‑1‑3
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
$34,293
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
3.18%
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%
$685,860
$685.9K
Cap Rate 7%
$489,900
$489.9K
Cap Rate 9%
$381,033
$381.0K
Market Conditions
NOI Build-Up for 1,775 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
$59.6K $33.60/SF
− Vacancy
−$4.8K −$2.69/SF
EGI
$54.9K $30.91/SF
− OpEx
−$20.6K −$11.59/SF
NOI
$34.3K $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 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%
$685,860
Cap Rate 7%
$489,900
Cap Rate 9%
$381,033
Alternative Uses
Best Use
Mixed Use
$489.9K
$428.7K – $571.6K
NOI $34,293 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$701.1K
$613.4K – $817.9K
NOI $49,075 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,296
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A remodeled residence and a separate business space occupy a gated site with alley access and on-site parking.
Where is this mixed-use property located?
The property is located at 2971 Imperial Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Detached residence: approximately 1,050 square feet, 3 bedrooms and 2.5 bathrooms; Separate commercial building of approximately 700 square feet facing Imperial Ave; Approximately 5,600‑square‑foot lot zoned CN‑1‑3
