4468 Ingraham StSan Diego, CA 92109

This exceptional mixed-use property at 4468 Ingraham St, San Diego, CA 92109, presents a compelling investment opportunity. The 3,691 square foot building, constructed in 1954, boasts a desirable B-class designation and sits on a lot ranging from 9,300 to 9,900 square feet (APN 423-093-09-00). Currently operating at 100% occupancy, the property generates a strong pro-forma NOI of $149,004, yielding a 4.66% pro-forma cap rate. The multi-tenant structure comprises six units: two apartments on the upper level and four ground-floor retail spaces. Located at the intersection of Ingraham and Hornblend Streets, just one mile from the Pacific Beach Pier, this property benefits from high visibility and significant foot traffic. The permitted CC-4-2 zoning allows for potential future development, including a possible expansion to 45 studio apartments, significantly increasing the property's long-term value. This value-add investment is situated in the vibrant Pacific Beach neighborhood, known for its thriving community, beautiful beaches, and diverse amenities. The asking price is $3,200,000. This is a rare chance to acquire a well-performing mixed-use asset with substantial upside potential in a highly sought-after San Diego location.