636 C St San Diego, CA 92101-5306

Property Details for 636 C St

Lot size

0.11 lot acres

Property size

26,960 SF

Zone code

COMMERCIAL

Property type

Hotels

Property subtype

Motels

APN

534-181-13-00

APU

5341811300

Description

This exceptional mixed-use investment opportunity in San Diego's vibrant Core District presents a compelling value-add proposition. The property comprises three buildings totaling approximately 48,000 square feet on three separate parcels encompassing roughly 18,570 square feet. The portfolio includes a six-story, 100% vacant former SRO building at 636 C Street, originally constructed in 1913, offering immediate repositioning potential. A two-story commercial building at 1130-1146 7th Avenue, currently 59% occupied by various retail tenants with short-term leases, allows for flexible re-tenanting or rent optimization. Finally, a single-story, 2,500 square foot restaurant at 1152 7th Avenue, currently occupied month-to-month, provides further flexibility for the buyer. The property's central location, adjacent to the Gaslamp District and the upcoming Campus at Horton, a 1 million square foot mixed-use development, ensures strong long-term growth potential. Built in 1913 and 1924, the buildings are zoned CCPD-CORE. This REO property, with its distressed sale condition, presents a unique chance to capitalize on San Diego's dynamic downtown market. The property's prime location along the trolley lines and abundant nearby amenities further enhance its appeal. This is a rare opportunity to acquire a multi-parcel, mixed-use portfolio in a high-growth area. The APNs are 534-181-13, 534-181-14, and 534-181-15.