1468 1st Ave

San Diego Downtown, CA, 92101

$6,900,000

$1,126 per ft²
$6,900,000
$1,126 per ft²
Active
Active
 - For Sale
beds
34 Beds
carpenters-square
6,125 ft²
property_type
Other
MOTIVATED SELLER - OFFERS WELCOME A truly iconic piece of San Diego history - a first time to market legacy asset in an A+ location. 1468 1st Ave is a SRO property comprised of 34 units and one office space. Each unit has undergone significant recent renovations including new flooring, vanities, ceiling fans, windows, and more. A select 8 units also come with their own bathroom. Each floor has its own kitchen space and bathroom + shower space. Upgrades to the exterior and continued sprucing up of interiors will allow a new owner to capture upwards of 50% rental upside. Or, given the rare component of the last remaining lots in downtown that can be developed, this property is sure to garner developer interest as well. The location is truly second to none, bordering the Little Italy and central San Diego Downtown districts. This building can be sold with or separate from 1445 Front St, located on the same block. The Seller is motivated, prime and ready to 1031 exchange into another market and retire. Take the opportunity to own a legacy piece of real estate in America's finest city.
MLS® ID:
230004013
Listed:
3/1/23
Updated:
3/27/23

Interior Features

Total Bedrooms
34
Total Bathrooms
0

Other Property Details

Area Name
Metro Central
Garage
No
Parking
N
View
N
County
San Diego
Pool
No
Total Stories
3
Zoning
Hotel/Mote
Buyer Agency Compensation
2.0

Courtesy of The Browar Group, Jordan Winston,
Listing Contact: 858-349-4877 

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Data last updated 3:57 PM UTC, 3/27/23

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