Sold
2874 B
San Diego CA, 92102
$10,450,000
$497.38 per sqft
Sold
3 Beds
21,010 sqft
Commercial
SECOND PRICE REDUCTION: 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.
230000288
MLSⓇ ID
January 4, 2023
Listed
November 23, 2024
Updated
Map
2874 B
San Diego CA, 92102
Interior Features
Total Stories
2
Bedrooms
3
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Lot Features
Landscaped
Other Property Details
Area Name
Metro Central
Days on Market
23
Garage
No
Parking
Spaces
Parking Total
23
View
No
County
San Diego
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
8/1/2023 | Price change | $10,450,000 -5% |
8/1/2023 | Sold | $10,450,000 |
Listed by Eric D. Comer, Broker, Eric D Comer,
Listing Contact: 858-369-3083
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Data last updated 12:08 AM UTC, 11/23/2024
