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Faits saillants de l'investissement
- 10 Sources of Income on the Property Including 2 Commercial, 1 Coffee Cart, 6 Studio Apartments, and Laundry
- Located in South Mission Beach Near Belmont Park
- Both Commercial Spaces are Vacant, 1 has Grease Trap, Hood, and Sink
- Building Size: 3,424 SF Lot Size: 2,058
- Owner-User or Investor Opportunity
- Recently Remodeled Throughout the Building
Résumé de l'annonce
The Franco Realty Group is pleased to exclusively present a rare coastal mixed-use investment opportunity in the heart of Mission Beach — one of San Diego's most supply-constrained and tourism-driven submarkets. Situated directly on Mission Blvd with 40 feet of street frontage, the property comprises 8 units totaling ±3,424 SF: six renovated studio apartments and two ground-floor commercial spaces, generating up to 10 sources of income including laundry and a boutique coffee shop tenant.
With both commercial spaces currently vacant, the offering presents immediate value-add upside through lease-up at market rents, complemented by a stabilized residential income stream. Pro forma Year 1 NOI of $169,379 reflects a 5.13% cap rate, growing to 5.71% in Year 2 as rents escalate. Gross scheduled income is projected to reach $242,946 by Year 2, with total returns improving from 3.55% to 4.93% cash-on-cash.
One commercial space is plumbed for a kitchen with a grease trap and previous hood — ideal for a food & beverage operator. The MBPD-NC-S zoning also allows for potential conversion of commercial space to residential, adding further long-term optionality. SBA financing may be available for owner-users.
Steps from Belmont Park, Mission Bay, SeaWorld, and the Pacific Ocean, this asset offers durable, tourism-backed income in a location where new supply is virtually impossible — positioning it well for premium rents and long-term appreciation.
With both commercial spaces currently vacant, the offering presents immediate value-add upside through lease-up at market rents, complemented by a stabilized residential income stream. Pro forma Year 1 NOI of $169,379 reflects a 5.13% cap rate, growing to 5.71% in Year 2 as rents escalate. Gross scheduled income is projected to reach $242,946 by Year 2, with total returns improving from 3.55% to 4.93% cash-on-cash.
One commercial space is plumbed for a kitchen with a grease trap and previous hood — ideal for a food & beverage operator. The MBPD-NC-S zoning also allows for potential conversion of commercial space to residential, adding further long-term optionality. SBA financing may be available for owner-users.
Steps from Belmont Park, Mission Bay, SeaWorld, and the Pacific Ocean, this asset offers durable, tourism-backed income in a location where new supply is virtually impossible — positioning it well for premium rents and long-term appreciation.
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Commerce de détail
Sous-type de propriété
Commerce pied immeuble
Taille du bâtiment
3 424 pi²
Classe d’immeuble
C
Année de construction
1927
Pourcentage loué
50%
Location
Multiples
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
1,57
Taille du lot
0,05 AC
Zonage
MBPD-NC-S
Façade
Commodités
- Accès 24 heures
- Lot de coin
- Affichage
- Bord de l’eau
- Climatisation
Moyennement accessible à pied
70/100
Très bien adapté aux voitures
80/100
Transports en commun très limités
10/100
Très accessible en vélo
80/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 423-712-06 | Évaluation des bâtiments | 904 727 $ CAD |
| Évaluation du terrain | 3 468 126 $ CAD | Évaluation totale | 4 372 853 $ CAD |
Impôts fonciers
Numéro de lot
423-712-06
Évaluation du terrain
3 468 126 $ CAD
Évaluation des bâtiments
904 727 $ CAD
Évaluation totale
4 372 853 $ CAD
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Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
Présenté par
2886-2888 Mission Blvd
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