2907 Imperial AveSan Diego, CA 92102

Property Details for 2907 Imperial Ave

Lot size

0.13 AC

Property size (Sq ft)

1,455 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

545-352-02-00

APU

5453520200

Description

This exceptional San Diego investment property, located at 2907 Imperial Ave 9, San Diego, CA 92102, presents a compelling opportunity for savvy investors. The property encompasses a total of 2,426 square feet and features a unique configuration of three distinct units. The front unit is currently occupied by a MoneyGram store, generating immediate rental income. A second unit provides a two-bedroom, one-bathroom residential space, also currently rented. Adding to the property's appeal is a brand new, detached Accessory Dwelling Unit (ADU) boasting two bedrooms and two bathrooms, further enhancing rental potential. All units are currently rented on a month-to-month basis, offering flexibility for future management. The property benefits from convenient rear alley access and ample parking. The asking price for this remarkable investment is $950,000. This property is classified as Special Purpose Land and offers a strong return on investment potential due to its diverse income streams and prime San Diego location. The property's unique mix of commercial and residential units makes it an attractive option for investors seeking a diversified portfolio. With its existing tenants and month-to-month leases, this property provides immediate cash flow and the potential for future appreciation. The location in San Diego, CA, adds to its desirability.

• CAP approach

  CAP return

  Valuation

  6%

  $448,337

  6.5%

  $413,850

  7%

  $384,289

• Comparable approach

  Method

  Valuation

  Relative Method

  $593,416

  Geo Method

  $1,290,533

• Alternative Use

  Use

  Valuation

  Residential

  $349,098

  Hospitality

  $319,772

  Educational

  $266,046

  Medical

  $275,196

  Retail

  $413,850

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7061

Longitude

-117.132

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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