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    1620 8Th Ave San Diego, CA 92101

    For Sale
    Contact for pricing

    Prime San Diego multifamily redevelopment site.

    Property size:
    7,463 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional redevelopment opportunity presents a 10,000 square foot lot in San Diego's desirable Cortez Hill neighborhood. The property, located at 1620 Eighth Ave and 740 Cedar St, San Diego, CA 92101, comprises two buildings totaling 7,463 square feet and currently houses a 16-unit apartment building with 100% occupancy. Built in 1915, the existing structures are two stories each, offering significant potential for renovation or new construction. The property is zoned CCPD-RE, permitting a range of redevelopment options. The fee simple ownership provides complete control and flexibility for the future owner. This is a rare chance to acquire a substantial multifamily property in a thriving urban location, allowing for the creation of a high-value asset. The current buildings provide immediate income while redevelopment plans are developed. The non-historic designation simplifies the permitting process. Serious inquiries are encouraged to explore the full potential of this unique investment. Contact us for pricing and further details.

    Property Features for 1620 8Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,463 SF

    Building Details

    Year Built
    1915
    Buildings
    2
    Stories
    2
    Units
    16
    Property Profile Location Intelligence

    Current Use by Public Records

    Versum Remediation Water Damage Restoration Service

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.1576859
    Latitude
    32.7222341

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    FAQs

    What type of property is this?
    Multifamily property - Prime San Diego multifamily redevelopment site.
    Where is this multifamily property located?
    The property is located at 1620 8Th Ave San Diego, CA.
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    1620 8Th Ave San Diego, CA 92101
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    San Diego, CA 92101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1620 8Th Ave San Diego, CA 92101
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