Listing ID: 210024197
Price: $13,250,000
Status: Active
Address: 1929 Columbia St
City: San Diego
State: California
Postal Code: 92101
County: San Diego
San Diego
CA
92101
Wealth Accumulation has never been so beautiful with this architecturally daring ultra modern and sleek apartment building in the center of Little Italy; Downtown San Diego's hottest and most developing neighborhood! A world class asset surpassing every expectation for Southern California’s high-end real estate and truly a unique phenomenon anywhere in the globe, this penthouse is highly cultivated and detail rich, with sweeping views of the San Diego Bay and Pacific Ocean. Not only is it first in class, it also generates substantial income from the 17 apartment units to which it soars above. The offering is the ENTIRE building, which includes the nearly 7,000 sq. ft. penthouse (interior and exterior) in addition to 4 x 2 bedroom units, 12 x 1 bedroom units and a ground floor studio. While the building has verifiable income today, the possibilities are endless as entire floors can be adapted for other use types: convert a floor for employees’ office space, host out of town guests, run your own bed and breakfast, the options are truly endless! Cooling: Central Forced Air Elec

Primary Features

County: San Diego
Property Sub Type: Commercial/Residential
Property Type: Commercial Sale
Zoning: COMMERCIAL

Interior

Heating: yes
Heating Type: Forced Air

External

Construction Materials: Block, Stucco
Number Of Buildings: 1
Parking Total: 9
Phase: 18

Location

Country: US
MLS Area Major: 92101 - San Diego Downtown

Additional

Co List Agent State License: 01463479
Co List Office State License: 01527365
Days On Market: 21
List Agent State License: 01414490
List Office State License: 01527365
Number Of Units Total: 18
Parcel Number: 5335820600

Financial

Cap Rate: 3.34
Current Financing: Other
Gross Scheduled Income: 711598
Insurance Expense: 8560
Maintenance Expense: 16200
Net Operating Income: 442880
Operating Expense: 248087
Other Expense: 19542
Other Income 1: 23914
Total Expenses: 248087
Trash Expense: 6000
Water Sewer Expense: 4320

Zoning Info


Area Info


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Based on information from CARETS as of Tuesday, October 19th, 2021 05:59:29 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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Listing courtesy of Prem Advani, DRE #01414490 from Compass
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Listing courtesy of Prem Advani, DRE #01414490 from Compass

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