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    731 Ninth Ave San Diego, CA 92101

    Sponsored
    For Sale
    $4,295,000

    Prime San Diego Creative Office, Owner-User Potential

    Property size:
    8,751 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional San Diego creative office property, known as Bluebox, presents a compelling investment opportunity. Located at 731 Ninth Ave, San Diego, CA 92101, this fee simple absolute property boasts 8,751 square feet across two buildings and two stories. The property features four units currently occupied by three tenants under a multi-tenant lease expiring June 30, 2027 (2.6 years remaining). The asking price is $4,295,000, translating to a price per square foot of $490.80 and a projected cap rate of 6.23%. The current Net Operating Income (NOI) stands at $267,431. The property, classified as Class B, underwent renovations in 2003 and sits on a 6,098 square foot lot, zoned CCPD-ER. This presents an ideal owner-user scenario or a potential multi-family development opportunity, given its proximity to Petco Park. The property's features include a multi-tenant lease structure and a strong NOI, making it an attractive investment for discerning buyers. The APN is 533-196-13-00. There are no ground leases or lease options associated with this sale.

    Property Features for 731 Ninth Ave

    General Information

    Property type
    Office space
    Square Feet
    8,751 SF
    Class
    B

    Building Details

    Year Renovated
    2003
    Buildings
    2
    Stories
    2
    Units
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.1561165
    Latitude
    32.7130104

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    FAQs

    What type of property is this?
    Office space - Prime San Diego Creative Office, Owner-User Potential
    Where is this office space located?
    The property is located at 731 Ninth Ave San Diego, CA.
    What is the asking price?
    The asking price for this property is $4,295,000.
    Request Owner's contact information
    731 Ninth 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
    731 Ninth Ave San Diego, CA 92101
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