TOUR DATES:
5/30 10:00 AM PST
6/9 10:00 AM PST
OPEN HOUSE:
6/16 12:00 PM PST (MORE DETAILS TO FOLLOW)
***PLEASE CONTACT BROKERAGE TEAM TO SCHEDULE YOUR TOUR
Introducing the Hawthorne Historic Inn - Gateway to San Diego! The Hawthorne Historic Inn at 2121 1st Ave is a registered National Historic Landmark and SRO (Single Room Occupancy) Property that towers above iconic Bankers Hill, San Diego. The historic inn boasts 29 beautifully appointed units, capturing the essence of old-world charm combined with modern convenience in one of the most sought after neighborhoods in California. Because of its historic significance, the Hawthorne Historic Inn benefits from significant property tax incentives per The Mills Act. Furthermore, the SRO designation allows the Hawthorne Inn to accomodate single night occupancy, giving the owners unparalled flexibility and significant upside in cash flow potential. The sale also includes the adjacent 5 Bed/2 Bath House at 2131 1st Ave, offering a unique investment opportunity with 34 total furnished housing units situated less than a mile from Balboa Park, Little Italy, San Diego International Airport, San Diego Zoo, and Downtown San Diego. Both properties have seen signifcant renovations with over $1.5 Million spent on capital improvements since 2017. Don’t miss your chance to not only own an incredible multifamily asset in an unbeatable location but own a piece of San Diego’s rich history. The properties will be sold jointly and as is, where is. The sale is advertised unpriced, please contact listing brokers for more details.