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Off Market
1/29

465 10th Ave
San Diego, CA 92101


HIGHLIGHTS

  • The 10th Ave corridor between Island & J St is 1 block from Petco with great foot traffic.
  • The 750 sf commercial space comes with an income producing 1 bed/ 1 bath 778 sf condo with $2500/month rental income
  • Commercial space has LVT floors, 12 ft ceilings, exposed concrete walls & conduit, track lighting, floor-to-ceiling glass, 1 full bath, small kitchen

OVERVIEW

Commercial space (approx 750 sf) has a loft-like/open layout with LVT floors, 12 ft ceilings, exposed concrete walls and conduit, track lighting and floor to ceiling glass with 1 full bath and a small kitchen. Located across from Petco Park, this commercial space has a rental value is approximately $2500/mo or more. It is currently rented to a real estate office on a month-to-month lease with no triple net. Commercial space was originally a cold shell with an open layout. It currently has some minimal drywall to define a front office and back office/conference room space. In the rear of the commercial space is an access door that leads to a laundry room (which can be shared between commercial and retail) and a locked off spiral staircase with access to the upstairs residential 1 bedroom, 1 full bathroom residential condo. The upstairs residential 1 bedroom and 1 full bathroom condo (approx 778 sf) is currently rented furnished with all utilities included with a rental value of approximately $2500/mo. While both commercial and residential components are currently rented separately to different tenants, this investment property would also be perfect for a single owner/user. This unit comes with 1 underground secured parking space. An investor buyer could experience cash flow for this property in two ways: rent the residential condo and run a boutique office or retail co from the ground floor retail space OR rent the retail space and keep the condo as a second home or rental investment. The complex (called Fahrenheit) allows 30 day rentals so the flexibility for a medium term rental is there. This is a great investment with incredible flexibility.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

Fahrenheit Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

120271.41

STORIES

7

YEAR BUILT

2005

PARKING SPACES

1

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

535-125-16-68