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.