SECOND PRICE REDUCTION: The Pacifica Apartments is a well-located asset with a desirable unit mix in a turn-key condition. Originally constructed in 1962, the propertys interior and exterior has been continuously improved. A future investor can immediately increase rents to market rents and take advantage of the continued broader regional market growth. Alternatively, an investor could complete a deeper renovation with additional amenities such as in-unit washer and dryers and raise rents significantly. Recent updates to the City of San Diego's development regulations, provides a unique redevelopment opportunity. The property is located in the Complete Communities Area, which would allow a developer to exceed height and density limits of the base zone. Located in the charming Golden Hill neighborhood and surrounding communities of Downtown and South Park, the area is a perfect balance of urban activity and quiet neighborhood charm. Residents are walking distance to restaurants, bars, coffee shops and retail. Proximate to several freeways including I-5, I-15 and the 94 Freeway.
- Price:
- $11,000,000
- Listing ID #:
- 230000288
- Street Address:
- 2874 B
- City:
- San Diego
- State:
- California
- Postal Code:
- 92102
- County:
- San Diego
- Listing Status:
- Pending
- Listing Type:
- Commercial
- Age Of Dwelling:
- 1962
- Construction Description:
- Frame, Stucco
- Dwelling Type:
- Com-Res Income
- Exterior Features:
- Fully Landscaped
- Number Of Units:
- 32
- Square Footage Source:
- Buyer To Verify
- Total # Of Buildings:
- 1
- Days On Market:
- 3
- For Sale Or Lease?:
- For Sale
- Originating Mls:
- Sdmls
- Parking Description:
- Spaces
- Parking Spaces:
- 23
- Cooling System:
- Wall/Window
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Eric D Comer () with Eric D. Comer
