2874 B, San Diego, California

$11,500,000

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About 2874 B

REDUCED PRICE! 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.

Features of 2874 B

MLS® # 230000288
Price $11,500,000
Acres 0.00
Type Commercial
Sub-Type Com-Res Income
Status ACTIVE

Community Information

Address 2874 B
Area SAN DIEGO (92102)
City San Diego
County San Diego
State California
Zip Code 92102

Amenities

Parking Spaces 23
Parking Spaces

Interior

Cooling Wall/Window
# of Stories 2

Exterior

Exterior Fully Landscaped
Construction Frame, Stucco

Additional Information

Date Listed January 4th, 2023
Days on Market 21
Short Sale No

Listing Details

OfficeEric D. Comer, Broker

Listing Map

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