3141-3153 Imperial Ave - Apartments FOR SALE


San Diego, CA 92102- Logan Heights
$2,100,000 USD
858-729-4646
3141-3153 Imperial Ave, San Diego, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/17
null | 5.06% Cap Rate

3141-3153 Imperial Ave
San Diego, CA 92102
Logan Heights


HIGHLIGHTS

  • True Value-Add + Development Opportunity, All Leases Month to Month
  • Delivered with Three Vacant Units above Three, Vacant, Two-Car Garages Ideal for ADU Conversion
  • Zoned R-M-3 Tier 3 FAR Bonus 6.5 Within Opportunity Zone, Potential for Streamlined Redevelopment via the Complete Communities Initiative and SB79
  • Within 100 Yards of Mass Transit Trolley Station, Located on $25M Imperial Avenue Bikeway Project w/ Projected 2026 Completion
  • One Cottage Fully Renovated & Multiple Units Partially Upgraded
  • On-Site Laundry (no lease), Gated Property with Secured Entry

OVERVIEW

The Weddle Group of TWG Commercial is pleased to present for sale 3141–43 Imperial Avenue, an eight-unit multifamily property located in the heart of San Diego, California. This asset represents a rare true value-add and development opportunity, offering meaningful upside through renovation, repositioning, and potential redevelopment. The property is well-suited for private investors, multifamily developers, and value-add operators seeking a well-located transit-adjacent opportunity in a rapidly evolving corridor. The property benefits from direct frontage along the newly funded Imperial Avenue Bikeway, scheduled for completion in 2026, which is expected to enhance connectivity, accessibility, and long-term neighborhood appeal. The large, well-configured lot provides substantial development potential and compares favorably to recent multifamily projects in the immediate area. The property, located in an opportunity zone, is immediately adjacent to a San Diego Trolley station, positioning the site to maximize allowable density and development incentives under the City of San Diego’s Complete Communities Initiative and California Senate Bill 79, which takes effect July 1st. These policies create a favorable framework for increased residential development, reduced parking requirements, and streamlined approval pathways, making this property particularly attractive to developers, QOZ funds, and institutional capital. The asset will be delivered with three units vacant, allowing a new owner to implement renovations and reposition the property immediately. In addition, there are three vacant two-car garages featuring existing plumbing and electrical infrastructure with direct access to a private courtyard, providing an excellent opportunity for ADU conversion and additional income potential. Under no circumstances should the property be entered or tenants disturbed. All inquiries must be directed exclusively to the listing agent, Gary Weddle.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$388 USD /SF

# OF UNITS

8

PRICE/UNIT

$262,500

CAP RATE

5.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Imperial Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

RM-3-7

APN/PARCEL ID

545-381-07

ASK ABOUT THIS PROPERTY

Gary WeddleTWG CommercialMore Info
858-729-4646

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Gary WeddleTWG CommercialMore Info
858-729-4646

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