Home | San Diego County | – | 92116 | 2611 Adams Ave
MLS: CRNDP2608921 | Status: | Price: $4,495,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,009 | 2025 |
7.1% CAP | SELLER FINANCING AVAILABLE. Rare North Park income property located along the highly desirable Adams Avenue Corridor. Offered at $4,495,000 with approximately $319,000 NOI based on current underwriting. Fully renovated down to the studs in 2025, the property features 10 furnished hotel suites leased to a single operator plus a separately leased restaurant / hospitality component. Commercial space is leased at $15,000/month on a long-term NN lease through August 2035 with 3% annual rent increases and additional percentage-rent potential. Property offers a low-maintenance operating structure with many expenses paid by the respective tenants/operators. Prime walkable North Park location, approximately 5 on-site parking spaces and expansive indoor/outdoor commercial space. Ideal 1031 exchange opportunity. Seller financing available to qualified purchasers. Potential leaseback / owner-operator flexibility. Beer & wine license may be available separately in connection with the sale, subject to transferability and applicable approvals. Buyer to verify all information.
| Field | Value |
|---|---|
| MLS # | CRNDP2608921 |
| MLS Source | California Regional MLS |
| Days on Site | 0 |
| Feature | Details |
|---|---|
| Laundry | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| HOA Fee | $0 |
Eric von Bluecher
Lee & Associates
License #: 01926201
Phone: (760) 929-7846
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Garfield Elementary School | public | K-5 | 0.32 mi | 7 |
| San Diego Adult | public | UG | 0.41 mi | N/A |
| Alba School | public | 1,2,3,4,5,6,7,8,9,10,11,12 | 0.82 mi | 1 |
| Birney Elementary School | public | K-5 | 0.85 mi | 10 |
| Home & Hosp/Transition Support | public | K-12 | 0.92 mi | N/A |
| Adams Elementary School | public | K-5 | 1.01 mi | 7 |
| Jefferson Elementary School | public | K-5 | 1.04 mi | 7 |
| Nipaquay Elementary | public | K-5 | 1.31 mi | 6 |
| Normal Heights Elementary School | public | K-5 | 1.34 mi | 5 |
| Edison Elementary School | public | K-5 | 1.35 mi | 7 |
| Wilson Middle School | public | 6-8 | 1.58 mi | 3 |
| Central Elementary School | public | K-5 | 1.60 mi | 4 |
| Roosevelt International Middle School | public | 6-8 | 1.76 mi | 4 |
| Cherokee Point Elementary School | public | K-5 | 1.80 mi | 3 |
| Trace School | public | 9-12 | 1.89 mi | N/A |
| Florence Elementary School | public | K-5 | 1.90 mi | 7 |
| Franklin Elementary School | public | K-5 | 1.93 mi | 5 |
| McKinley Elementary School | public | K-5 | 1.99 mi | 10 |
| Fletcher Elementary School | public | K-5 | 2.03 mi | 8 |
| Juarez Elementary School | public | K-5 | 2.14 mi | 5 |
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This listing information is up-to-date as of September 24, 2026. For the most current information, please contact Eric von Bluecher, (760) 929-7846.