2874 B

San Diego, CA, 92102

$11,500,000

$547 per ft²
$11,500,000
$547 per ft²
Active
Active
 - For Sale
beds
3 Beds
carpenters-square
21,010 ft²
property_type
Other
REDUCED PRICE! The Pacifica Apartments is a well-located asset with a desirable unit mix in a turn-key condition. Originally constructed in 1962, the property’s interior and exterior has been continuously improved. A future investor can immediately increase rents to market rents and take advantage of the continued broader regional market growth. Alternatively, an investor could complete a deeper renovation with additional amenities such as in-unit washer and dryers and raise rents significantly. Recent updates to the City of San Diego's development regulations, provides a unique redevelopment opportunity. The property is located in the Complete Communities Area, which would allow a developer to exceed height and density limits of the base zone. Located in the charming Golden Hill neighborhood and surrounding communities of Downtown and South Park, the area is a perfect balance of urban activity and quiet neighborhood charm. Residents are walking distance to restaurants, bars, coffee shops and retail. Proximate to several freeways including I-5, I-15 and the 94 Freeway.
MLS® ID:
230000288
Listed:
1/3/23
Updated:
1/31/23

Interior Features

Total Bedrooms
3
Total Bathrooms
0
Cooling
Wall/Window Unit(s)

Exterior/Building Features

Lot Details
Landscaped

Other Property Details

Area Name
Metro Central
Garage
No
Parking
Spaces
Parking Total
23.0
View
N
County
San Diego
Pool
No
Total Stories
2
Buyer Agency Compensation
1.0

Property History

Date
Event
Price
Value
1/25/23
Price Change
$11,500,000
-4%

Courtesy of Eric D. Comer, Broker, Eric Comer,
Listing Contact: 858-369-3083 

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Data last updated 11:07 PM UTC, 1/31/23

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