Mixed-Use Property with
For Sale
$1,080,000
2971 Imperial Avenue, San Diego, CA 92102
Commercial Sale, San Diego, CA
Property Size1,775 SF
Lot Size0.13 Acres
Price / SF$608.45
Days on Market22
Property Features for 2971 Imperial Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Neighborhood Shopping Ctr
Subdivision
SAN DIEGO (92102)
Standard status
Active
APN
5453620400
Size
1,775 SF
Lot size
0.13 Acres
Utilities
Heating system
Electric (Heating), Forced Air, Central
Cooling system
Electric, Central Air
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
Changed: Oct 13
Last Checked: Oct 16 at 1:06AM
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.
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Investment Insights
Based on property information with market context.
The property combines a remodeled detached residence with a separate commercial building facing Imperial Avenue. The home has 3 bedrooms and 2.5 bathrooms, with updated higher-end finishes. A covered patio and gated driveway add to the site’s existing improvements, and parking accommodates 6 or more vehicles with alley access.
The approximately 5,600-square-foot parcel is zoned CN-1-3 and lies within the Complete Communities Housing Solutions Tier 3 area. Qualifying projects may be eligible for up to 6.5 FAR under the cited program. The existing buildings offer a residential and commercial configuration on one property.
The approximately 5,600-square-foot parcel is zoned CN-1-3 and lies within the Complete Communities Housing Solutions Tier 3 area. Qualifying projects may be eligible for up to 6.5 FAR under the cited program. The existing buildings offer a residential and commercial configuration on one property.
Key Highlights
- Remodeled detached residence with 3 bedrooms and 2.5 bathrooms
- Separate commercial building faces Imperial Avenue
- Approximately 5,600‑square‑foot lot zoned CN‑1‑3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,293
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
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
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 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.
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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 detached home and separate street-facing commercial building share a gated site with alley access.
Where is this mixed-use property located?
The property is located at 2971 Imperial Avenue 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: Remodeled detached residence with 3 bedrooms and 2.5 bathrooms; Separate commercial building faces Imperial Avenue; Approximately 5,600‑square‑foot lot zoned CN‑1‑3
