2701–11 Imperial Avenue is a full corner, 14 unit mixed use investment opportunity located just two miles east of Downtown San Diego in the centrally positioned Grant Hill neighborhood. The property features a distinctive three story building configuration with (5) street facing commercial units on the ground floor and (9)… Read More exceptionally large SRO style residential units occupying the upper two stories. The orange hut on the corner of the property also included. The commercial component is highly visible and benefits from strong foot traffic and frontage along Imperial Avenue. The property is currently anchored by two well established, high performing tenants, Ferchaladas, a popular birria and seafood concept with a 4.8 star Yelp rating, and Ana’s Fruit & Deli, a long standing neighborhood staple operating out of the iconic standalone orange hut included within the parcel. The remaining storefronts provide additional leasing and rental upside through repositioning or re tenanting. The residential units are notably larger than typical SRO layouts, functioning more li one bedroom apartments in size and feel, while utilizing shared communal bathrooms. There are 2 communal bathrooms on the second floor and 2 communal bathrooms on the third floor, while all first floor tenants including the hut, have their own bathrooms. Several units feature high ceilings, particularly on the third floor, along with partial views toward Downtown San Diego and the Coronado Bridge. While the building has been well maintained with only mild renovations completed to date, the residential component offers clear value add potential through interior upgrades and rent growth toward market levels. The property is zoned CN 1 3 and is located within San Diego’s Complete Communities Tier 3 overlay, a Transit Priority Area, and a Qualified Opportunity Zone. This powerful combination may allow for up to approximately 6.5 FAR and roughly 46,000 buildable square feet, subject to buyer verification and city approvals. The site’s three sided street exposure, corner positioning, and strong visibility further enhance its flexibility for redevelopment or long term repositioning. Centrally located within San Diego’s urban core, the property provides immediate access to Downtown, Balboa Park, Petco Park, Golden Hill, Sherman Heights, and Logan Heights, along with convenient connectivity to I 5, SR 94, and I 15. The surrounding area continues to experience meaningful private investment, infrastructure improvements, and new multifamily development, reinforcing the corridor’s long term growth trajectory. Whether the strategy is to stabilize cash flow, enhance the commercial tenancy, renovate and increase residential rents, or pursue a higher density redevelopment, 2701–11 Imperial Avenue presents a compelling opportunity to acquire a truly unique mixed use asset at an attractive basis with significant upside potential. Reach out to listing agents for more information. Ivan Del Muro-Garcia 619-623-2132 [email protected] Lic#0216936 Read Less
Property listed by Lee & Associates, Eric von Bluecher 310-259-7556
Listing Snapshot
Days Online
57
Last Updated
Property Type
MixedUse
Square Ft.
7,110
Year Built
1930
MLS Number
NDP2600632
Additional Details
Building
Built in 1930, 2 buildings, 3 stories, Entry level: 3
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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