Five-Story Mixed-Use Development
6365 Imperial Avenue San Diego, CA 92114
6365 Imperial Avenue, San Diego, CA, 92114
$1,890,000
For Sale
$1,890,000
Preliminary city review completed for a five-story mixed-use building with 44 units and first-floor commercial space.
Property Size4,569 SF
Price / SF$413.66
Days on Market408
Property Features for 6365 Imperial Avenue
General Information
- Standard status
- Active
- Size
- 4,569 SF
- Property subtype
- Commercial Sale / Multi Family
Listing agency
Jason Mithcell Real Estate
(310) 720-6627
Listed by
Rafael Mendez · License #01482855
(310) 720-6627
Source
Compass
Added: Jun 11, 2025 Updated: Jul 23 at 12:46AM Checked: Jul 23 at 12:46AM
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 Jason Mithcell Real Estate
Investment Insights
Based on property information with market context.
The site is positioned for a proposed five-story mixed-use building comprising 44 units, with commercial space planned for the first floor and apartments on the second through fifth floors. The city of San Diego has completed a preliminary review for the project.
The property currently includes four existing buildings: one front commercial space, one duplex, one detached 3-bedroom/1-bath dwelling, and one detached 1-bedroom/1-bath studio. All units are tenant occupied, allowing for continued rent collection while permits are obtained to begin construction.
The location is described as centrally located near freeways, shopping, and downtown San Diego, in the Encanto area of San Diego County, where new construction activity is noted in the surrounding neighborhood.
The property currently includes four existing buildings: one front commercial space, one duplex, one detached 3-bedroom/1-bath dwelling, and one detached 1-bedroom/1-bath studio. All units are tenant occupied, allowing for continued rent collection while permits are obtained to begin construction.
The location is described as centrally located near freeways, shopping, and downtown San Diego, in the Encanto area of San Diego County, where new construction activity is noted in the surrounding neighborhood.
Key Highlights
- Preliminary city of San Diego review completed for a five‑story mixed‑use building with 44 units
- Plan includes commercial space on the first floor and apartments on the second through fifth floors
- Current site has 4 existing buildings: one front commercial space, one duplex, one 3BR/1BA detached dwelling, and one 1BR/1BA detached studio
Local Financial Insights For Apartment 5plus
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 | $183.7k | $40.20 |
| − Vacancy | −$9.4k | −$2.05 |
| EGI | $174.3k | $38.15 |
| − OpEx | −$78.4k | −$17.17 |
| NOI | $95.9k | $20.98 |
4,569 SF · lease $40.20/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $95,869 @ 7.0% cap · market cap 5.07%
Second Best
Mixed Use
$1.10M
$963.8K – $1.29M
NOI $77,102 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,409 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Preliminary city review completed for a five-story mixed-use building with 44 units and first-floor commercial space.
Where is this mixed-use property located?
The property is located at 6365 Imperial Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: Preliminary city of San Diego review completed for a five‑story mixed‑use building with 44 units; Plan includes commercial space on the first floor and apartments on the second through fifth floors; Current site has 4 existing buildings: one front commercial space, one duplex, one 3BR/1BA detached dwelling, and one 1BR/1BA detached studio
