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2602 Imperial Ave San Diego, CA 92102

OFF-MARKET Retail properties & Spaces Google Maps
5,000 SF
Individually Owned 6-yr Hold
Estimated value
No estimation on file for this property yet.
Property ID US09-8608520

Property summary

AI-generated overview

This exceptional San Diego property, located at 2602-2608 Imperial Avenue, 92102, offers a unique blend of retail and residential space. The two-story building encompasses approximately 5,000 square feet on a 3,024 square foot lot, with 1,409 square feet of net rentable retail space. The property features a multi-tenant configuration, including two residential units, each boasting three bedrooms and two bathrooms. Renovated in 2014, the building is zoned CN-1-4 (Commercial Neighborhood Zone) and presents significant potential for owner-occupancy or investment. A peaceful courtyard provides tenants with an outdoor amenity. The property's location within an Opportunity Zone, eligibility for SBA financing, and potential for a Mills Act designation further enhance its investment appeal. Short-term leases are currently in place, and a Type 42 ABC license is pending (tenant verification required). This is an ideal opportunity for investors seeking a mixed-use asset in a vibrant San Diego neighborhood. The property's combination of retail and residential space offers flexibility and potential for diverse income streams. The existing tenants and short-term leases provide immediate cash flow, while the property's location and zoning offer long-term growth potential.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,000 SF
UPID US09-8608520

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Museum

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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