Listing ID: 230004014SD
Price: $5,400,000
Status: Active
Address: 1445 Front St
City: San Diego
State: California
Postal Code: 92101
County: San Diego
San Diego
CA
92101
MOTIVATED SELLER - OFFERS WELCOME We are pleased to present a truly iconic piece of San Diego history - a first time to market legacy asset in an A+ location. 1445 Front St is a SRO property comprised of 25 units. Each unit has undergone significant recent renovations including new flooring, vanities, ceiling fans, windows, and more. Each floor has its own kitchen space and bathroom + shower space. Upgrades to the exterior and continued sprucing up of interiors will allow a new owner to capture upwards of 50% rental upside. Or, given the rare component of the last remaining lots in downtown that can be developed, this property is sure to garner developer interest as well. The location is truly second to none, bordering the Little Italy and central San Diego Downtown districts. This building can be sold with or separate from 1468 1st Ave, located on the same block. The Seller is motivated, prime and ready to 1031 exchange into another market and retire. Take the opportunity to own a legacy piece of real estate in America's finest city.
Primary Features
County:
San Diego
Property Sub Type:
Commercial/Residential
Property Type:
Commercial Sale
Interior
External
Number Of Buildings:
1
Location
Country:
US
MLS Area Major:
92101 - San Diego Downtown
Additional
Co List Agent State License:
02072593
Days On Market:
1
List Agent State License:
02169070
Number Of Units Total:
25
Parcel Number:
5334220400
Financial
Cap Rate:
2.52
Gross Scheduled Income:
303180
Operating Expense:
157826
Zoning Info
Area Info
© 2023. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to Century 21 Award or one of their associates. Last updated Saturday, March 25th, 2023.
Based on information from CARETS as of Saturday, March 25th, 2023 03:18:47 AM. 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.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Saturday, March 25th, 2023 03:18:47 AM. 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.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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