2611 Adams Avenue, San Diego, CA 92116

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List Price
$3,895,000
Price Change
▼ $600,000 1793835437
Status
ACTIVE
MLS#
NDP2608921
Year Built
2025
Lot Size
7,009
Acres
0.16
Lot Location
0-1 Unit/Acre
Days on Market
49
Property Type
Multifamily

Property Description

$600,000 PRICE REDUCTION! 6% INTEREST-ONLY SELLER FINANCING AVAILABLE WITH $1,500,000 DOWN. Now offered at $3,895,000, this fully renovated North Park mixed-use income property features 10 furnished hotel suites currently operated by ownership and a newly executed restaurant lease with expansive outdoor patio. Seller will consider carrying approximately $2,395,000 at 6% interest-only, with estimated payments of $11,975/month. Fully renovated down to the studs in 2025 and located along the highly desirable Adams Avenue Corridor. Financing subject to seller approval, buyer qualification and mutually agreed terms. Buyer to verify all financial and property information.

Additional Information

Pool Description
None
Sewer
Public Sewer
Attached Structure
Attached
Number Of Units Total
11
Gross Scheduled Income
$300,000
Operating Expense
35243

Listing courtesy of Listing Agent: Eric von Bluecher (evb@lee-associates.com) from Listing Office: Lee & Associates.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.