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Listed by Lee & Associates, Eric von Bluecher, Listing Contact: 760-929-7846 
0 Beds
0 Baths

$4,495,000

2611 Adams Avenue, North Park (San Diego), North Park ( san Diego ) CA, 92116

Property typeMulti-family

Overview

Active

Listed Sep 24, 2026

Updated 2h ago

7.1% CAP |󠃍󠂏󠃢󠂁󠂤󠃢󠂁󠂣󠃢󠂁󠂢󠃢󠂁󠂡󠃢󠂁󠂢 SELLER FINANCING AVAILABLE. Rare North Park income property located along the highly desirable Adams Avenue Corridor. Offered at $4,495,000 with approximately $319,000 NOI based on current underwriting. Fully renovated down to the studs in 2025, the property features 10 furnished hotel suites leased to a single operator plus a separately leased restaurant / hospitality component. Commercial space is leased at $15,000/month on a long-term NN lease through August 2035 with 3% annual rent increases and additional percentage-rent potential. Property offers a low-maintenance operating structure with many expenses paid by the respective tenants/operators. Prime walkable North Park location, approximately 5 on-site parking spaces and expansive indoor/outdoor commercial space. Ideal 1031 exchange opportunity. Seller financing available to qualified purchasers. Potential leaseback / owner-operator flexibility. Beer & wine license may be available separately in connection with the sale, subject to transferability and applicable approvals. Buyer to verify all information.

$29,905/mo

Est. mortgage payment based on a $4,495,000 home price.

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Data last updated 3:21 AM UTC, 9/25/2026

   

 

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