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$ 1,950,000
Est. payment /mo
New
2711 Imperial AVE San Diego, CA 92102
5,196 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2600631
HOA Y/N No
Year Built 1930
Lot Size 5,196 Sqft
Lot Dimensions Public Records
Property Description
2701–11 Imperial Avenue is a rare, 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) exceptionally large SRO style residential units occupying the upper two stories. 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 like studio or one bedroom apartments in size and feel, while utilizing shared communal 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 idmg@lee-associates.com Lic#0216936
Location
State CA
County San Diego
Area 92102 - San Diego
Zoning Zoned CN-1-3, Complete Co
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Biking, Curbs, Dog Park, Park
View Y/N No
Private Pool No
Building
Lot Description 16-20 Units/Acre
Story 3
Sewer Public Sewer
New Construction No
Others
Senior Community No
Tax ID 5356910100
Acceptable Financing Conventional, Submit
Listing Terms Conventional, Submit
Special Listing Condition Trust
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2508325
Listed by Eric von Bluecher Lee & Associates 760-929-7846