190 Calle Primera San Diego, CA 92173
- Hotels
- 19,440 SF
- 1.21 lot acres
Current Use by Public Records
- HOTEL PRIMERA / Hotel
Property Details for 190 Calle Primera
- Year built
- 1975
- Lot size
- 1.21 lot acres
- Property size
- 19,440 SF
- Zone code
- COMMERCIAL
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 666-170-40-00
- APU
- 6661704000
Description
This 19,440 square foot motel in San Diego, CA, presents a unique adaptive reuse opportunity. Situated on a 1.21-acre corner lot (APN 666-170-40) at 190 Calle Primera, 92173, this property offers significant potential. The existing structure comprises four two-story buildings, built in 1975 and renovated in 2004. Currently vacant, the property features 70 keys and ample surface parking. Zoned CC-2-1, it's ideally located with easy access to I-5 and I-805. Prior plans envisioned converting the motel into a 70-unit (70 studio units and one manager's unit) affordable supportive housing project, potentially leveraging remaining funds from a previously awarded $24 million state grant. This grant, intended for housing and caregiving support for at-risk older adults, may be accessible to a qualified buyer for capital improvements and operational funding. Pre-qualification by a state agency is required. The property's previous intended net rentable area was approximately 18,000 square feet. Bid deadline is November 20th at 5:00 PM PT.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,195,000
- 6.5%
- $9,310,000
- 7%
- $8,985,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $10,300,000
- Geo Method
- $10,075,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,470,000
- Retail
- $7,920,000
- Mixed-Use
- $9,355,000
- Hospitality
- $7,830,000
- Educational
- $10,100,000
- Residential Income
- $7,730,000
- Energy
- $10,205,000
- Income-Based Land
- $10,670,000
- Food Service
- $9,170,000
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.043
- Latitude
- 32.5493
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
