Sold

2874 B

San Diego CA, 92102

$11,000,000


$523.56 per sqft

Sold

3 Beds

21,010 sqft

Commercial

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 property's 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.

230000288

MLS ID

January 4, 2023

Listed

February 15, 2024

Updated

Map

2874 B
San Diego CA, 92102

Interior Features

Total Stories

2


Bedrooms

3 Beds


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

No

Exterior/Building Features

Lot Features

Landscaped

Other Property Details

Area Name

Metro Central


Days on Market

23


Garage

No


Parking

Spaces


Parking Total

23


View

No


County

San Diego


Pool

No


Buyer Agency Compensation

1%

Listing History

Date

Event

Price

8/1/2023

Price Change

$10,450,000

-5%

8/1/2023

Sold

Listed by Eric D. Comer, Broker, Eric D Comer,
Listing Contact: 858-369-3083 

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. 

© 2024 San Diego Multiple Listing Service. All rights reserved. 

Data last updated 9:16 PM UTC, 2/15/2024

Powered byLuxury Presence