635-641 C St - Apartments FOR SALE


San Diego, CA 92101- East Village
$11,750,000 USD
619-851-0288
635-641 C St, San Diego, CA for Sale
$11,750,000 USD
Apartments - FOR SALE
1/6
null | 6.42% Cap Rate

635-641 C St
San Diego, CA 92101
East Village


HIGHLIGHTS

  • Centrally located in Downtown - Core is the epicenter for financial and government operations
  • Fantastic corner building on 7th & C - located on the San Diego Trolley line with over 30M annual passengers
  • All leases are below market, providing significant repositioning potential
  • Historic high occupancy - vacancies fill quickly
  • Rare on-site parking with 45 underground spaces
  • 27 of the 36 residential units are subject to an income restriction of up to 120% of median income on household size

OVERVIEW

Trolley Lofts presents a rare investment and repositioning opportunity in the heart of Downtown San Diego’s Core neighborhood. This high-visibility corner property at 7th & C sits directly along the San Diego Trolley line, which serves over 30 million annual passengers. With all current leases below market, the asset offers significant value-add potential, supported by historically high occupancy and strong demand. The property also features the rare benefit of 45 underground parking spaces and includes a mix of residential units, 27 of which are income-restricted.

FOR SALE DETAILS

PRICE

$11,750,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

39

PRICE/UNIT

$301,282

CAP RATE

6.42%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trolley Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1920

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Commercial

APN/PARCEL ID

534-186-12

ASK ABOUT THIS PROPERTY

Bill ShraderUrban Property Group Inc.(UPG)More Info
619-851-0288

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Bill ShraderUrban Property Group Inc.(UPG)More Info
619-851-0288

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