534-536 5th Ave - Apartments FOR SALE
San Diego, CA 92101 |
534-536 5th Ave
San Diego, CA 92101
HIGHLIGHTS
- Located in the Historic Gaslamp Quarter on a prime block on 5th Avenue. Benefits from its high visibility on a major Downtown thoroughfare
- The re-development of Horton Plaza will bring over 4,000 tech jobs to Downtown, activating the Gaslamp and bringing more residents to the area
- Ability to offset income by fully depreciating the asset over a shorter term due to being on a ground lease &in historically designated neighborhood
- Capitalize on the long term lease of the new retail tenant and the upstairs residential, with fixed annual increases
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
STATUS
Under Renovation
BUILDING DETAILS
PROPERTY NAME
The Lincoln Hotel
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Restaurant, Storefront
TOTAL BUILDING SIZE
14503
STORIES
4
YEAR BUILT
1913
PARKING SPACES
1
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
535-082-12
