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2611 Adams Ave , San Diego, CA 92116
$4,495,000
Est. Payment: $24,518.86/mo
3360 Sqft
0.16 Acres
Status: Active | Days on site: 7
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11958 - 109465
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Chris Heller
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House Description

NORTH PARK | SELLER FINANCING AVAILABLE. 2611 Adams Avenue is a fully renovated mixed-use income property along the highly desirable Adams Avenue Corridor. Offered at $4,495,000, the property features 10 furnished hotel suites currently operated by ownership plus a separately leased restaurant / hospitality component. Furnished suites have generated approximately $18,000/month in average historical income under current ownership. Seller is open to negotiating an approximately $15,000/month leaseback of the suite operations, with rent, term and other provisions negotiable. Restaurant is separately leased at $15,000/month under a long-term NN lease through August 2035 with 3% annual increases and additional percentage-rent potential. Fully renovated down to the studs in 2025. Prime North Park / Adams Avenue location. Approx. current 7.1% cap and $319K NOI based on current underwriting and owner-operated suite income.* Ideal 1031 exchange opportunity. Potential beer & wine license availability and owner-operator flexibility. Buyer to independently verify all financial, lease, licensing, use and property information.
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Highlights

Listed by Eric von Bluecher , 760-929-7846 Lee & Associates , 760-929-9700. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.16

Year Built

2025

County

San Diego

Area

92104 - North Park

Listing ID

NDP2608921

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Interior Features

Exterior Features

Lot:0-1 Unit/Acre,No Land Lease
Garage Capacity:5
Zoning:Commercial. Buyer to veri
Others:
  • ▪ Additional:2+ Total Units
Sewer:Public Sewer
Principal Interest
$24,519
Taxes
$2,866

Home Price

$4,495,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$899,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$24,518.86

Principal

Taxes

Principal Taxes HOA Total
Monthly $24,518.86 $2,865.56 $0.00 $27,384.43
Yearly $294,226.38 $34,386.75 $0.00 $328,613.13
Total $8,826,791.35 $1,031,602.50 $0.00 $9,858,393.85

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Market insight data is pulled from the same city as the listing being viewed (San Diego, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-05T03:13:44.000Z

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