2701 Imperial Ave - Multi-Family FOR SALE


San Diego, CA 92102- Logan Heights
$2,300,000 USD
760-448-2451
2701 Imperial Ave, San Diego, CA for Sale
$2,300,000 USD
Multi-Family - FOR SALE
1/16
null | Request Cap Rate

2701 Imperial Ave
San Diego, CA 92102
Logan Heights


HIGHLIGHTS

  • Full-Corner Lot with Three-Sided Access and Strong Visibility
  • Mixed-Use Income Asset: 9 Residential Units + 5 Retail Storefronts
  • Zoned CN-1-3 with Complete Communities Tier 3 Overlay
  • Located in Transit Priority Area (TPA) and Opportunity Zone (QOZ)
  • Central San Diego Location — 2 Miles to Downtown, Balboa Park, & Freeway Access
  • Multiple Exit Strategies: Lease-Up, Retail Repositioning, or Redevelopment

OVERVIEW

Introducing 2701–11 Imperial Avenue, a 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 asset includes 9 sizeable SRO-style residential units and 5 street-facing commercial storefronts, currently anchored by two high-visibility, 4.8-star Yelp-rated tenants: Ferchaladas, a popular birria and seafood concept, and Ana’s Fruit & Deli, a long-standing local staple. The property is zoned CN-1-3 and falls within San Diego’s Complete Communities Tier 3 overlay, Transit Priority Area (TPA), and Qualified Opportunity Zone (QOZ) — a powerful combination that may allow for up to 6.5 FAR and ±46,000 buildable square feet, subject to buyer verification and planning approvals. Its three-sided street access, strong visibility, and corner presence further enhance development or repositioning flexibility. Positioned in the heart of San Diego’s urban core, the property offers immediate access to Downtown, Balboa Park, Petco Park, Golden Hill, Sherman Heights, and Logan Heights, as well as the I-5, SR-94, and I-15 freeways. The surrounding neighborhoods are seeing continued private investment, civic improvements, and new multifamily development — making this a prime corridor for long-term growth. Whether you’re looking to stabilize cash flow, re-tenant the commercial frontage, or pursue a ground-up redevelopment, this site presents a rare opportunity to control a centrally located mixed-use asset at an attractive basis with real long-term potential.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

14

PRICE/UNIT

$164,286

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,196 SF

ZONING

CN-1-3

APN/PARCEL ID

535-691-01

ASK ABOUT THIS PROPERTY

Ivan Del Muro-GarciaLee & AssociatesMore Info
760-448-2451

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Ivan Del Muro-GarciaLee & AssociatesMore Info
760-448-2451

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.