Commercial Real Estate in California available for sale
Convenience Stores For Sale

Convenience Stores for Sale in California, USA

More details for 228 N Orange Ave, Rialto, CA - Multifamily for Sale

Townhouse Style Apartment - 228 N Orange Ave

Rialto, CA 92376

  • Convenience Store
  • Multifamily for Sale
  • $3,067,900 CAD
  • 6,225 SF
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More details for 4161 Clairemont Mesa Blvd, San Diego, CA - Multifamily for Sale

4161 Clairemont Mesa Blvd - 4161 Clairemont Mesa Blvd

San Diego, CA 92117

  • Convenience Store
  • Multifamily for Sale
  • $3,479,278 CAD
  • 3,950 SF
  • Air Conditioning
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

San Diego Multifamily for Sale - PB/Rose Canyon/Morena

We are pleased to present 4161–4163 Clairemont Mesa Boulevard, a boutique five-unit multifamily community located in the highly desirable Clairemont neighborhood of San Diego. This newly constructed and recently renovated property, completed in 2023, offers investors a rare opportunity to acquire a turnkey turnkey asset in one of the city’s most stable and supply-constrained rental corridors. The property features a versatile mix comprised of studio, one-bedroom, two-bedroom, and three- bedroom units. This thoughtful unit composition is designed to appeal to a broad tenant base, from single professionals to small families, enhancing leasing flexibility and long-term occupancy. Each residence has been upgraded with modern finishes and functional layouts that elevate the living experience. Notably, select units feature large rooftop decks and private turfed yards, offering residents rare outdoor space that enhances comfort and lifestyle — an increasingly valuable amenity in today’s rental market. These enhancements, combined with the property’s low-maintenance design, contribute to its appeal as a high-performing income-generating asset. Strategically located along Clairemont Mesa Boulevard, the property enjoys exceptional visibility and accessibility. It sits directly across the street from Clairemont Town Square, a vibrant retail and dining destination that includes national retailers, local restaurants, entertainment venues, and essential services. This walkable convenience significantly boosts tenant satisfaction and retention. In addition to its immediate proximity to shopping and dining, the property is centrally positioned within San Diego, offering quick access to major freeways such as I-805 and SR-163, and placing residents within minutes of key destinations. Downtown San Diego is approximately a 15-minute drive, while Mission Bay and Fiesta Island are just 10 to 12 minutes away, providing easy access to beaches, parks, and recreational activities. The University of San Diego and other major employment hubs are also within close reach, reinforcing the property’s appeal to a diverse tenant demographic. With its recent renovations, balanced unit mix, premium outdoor amenities, and prime location in one of San Diego’s most established neighborhoods, 4161–4163 Clairemont Mesa Boulevard presents a compelling opportunity for investors seeking a well-located, low-maintenance asset with strong rental demand and long-term growth potential.

Contact:

Marcus & Millichap

Property Subtype:

Apartment

Date on Market:

2025-11-04

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More details for Sierra St, Kingsburg, CA - Retail for Sale

Branded Gas Station For Sale with Property - Sierra St

Kingsburg, CA 93631

  • Convenience Store
  • Retail for Sale
  • $10,110,125 CAD
  • 5,150 SF
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More details for 2438-2446 India St, San Diego, CA - Multifamily for Sale

2438-2446 India St

San Diego, CA 92101

  • Convenience Store
  • Multifamily for Sale
  • $2,928,450 CAD
  • 4,000 SF

San Diego Multifamily for Sale - Downtown

We are pleased to present 2438–42 India Street, a well-maintained 7-unit multifamily property located in the heart of San Diego’s highly coveted Little Italy neighborhood. Built in 1950, the property offers investors an exceptional opportunity to acquire a rare multifamily asset in one of San Diego’s most desirable and supply-constrained ubmarkets— an area defined by its walkability, cultural energy, and strong rental fundamentals. The property features a diverse unit mix consisting of two (2) two-bedroom/one-bath units (˜800 SF each), four (4) one-bedroom/one-bath units (˜500 SF each), and one (1) studio/one-bath unit (˜400 SF). This balanced mix attracts a wide tenant base, from professionals seeking proximity to downtown to long-term residents who value the convenience and lifestyle of Little Italy. Recent improvements enhance both stability and long-term value. Two rear units (2438 and 2442) underwent restoration and rebuild work in 2024, including new kitchens and updated interiors. The rear building received a new roof, while the front roof remains in good condition with no reported leaks. Additional upgrades include brand-new individual hot water tanks, quadruple-pane windows with solid-core doors installed under the city’s Quieter Home Program, mini-split HVAC systems in all units, and a new sump grinder pump installed within the past year with recent electronic component replacement. The rear staircase was also structurally reinforced with new bracing and support elements, ensuring longterm safety and compliance. The property includes leased washer/dryer units, garbage disposals, and a large 7-foot-tall storage room, providing additional tenant convenience and potential income. With rents well below market, the property offers a clear valueadd opportunity through interior upgrades, repositioning, and enhanced management. Given Little Italy’s exceptional demand and near-zero vacancy rates, investors can capture substantial upside while benefiting from the asset’s strong existing infrastructure and location fundamentals. Boasting a Walk Score of 98 (“Walker’s Paradise”), residents enjoy walking access to Little Italy’s premier restaurants, boutique shops, weekly farmers market, and the San Diego Bay waterfront. This property embodies the best of coastal urban living—an irreplaceable opportunity to own in one of San Diego’s most vibrant and enduring rental markets.

Contact:

CBRE

Property Subtype:

Apartment

Date on Market:

2025-11-03

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More details for 200 S Avenue 59, Los Angeles, CA - Multifamily for Sale

Highland Cove - 200 S Avenue 59

Los Angeles, CA 90042

  • Convenience Store
  • Multifamily for Sale
  • $8,506,450 CAD
  • 19,001 SF
  • Air Conditioning
  • Pool

Los Angeles Multifamily for Sale - Glendale

The Kanner Group is pleased to present 200 S Avenue 59, a 2-story, 28-unit value-add multifamily investment opportunity with 42%+ income upside potential, nestled at the top of a quiet cul-de-sac on a charming tree-lined street comprised primarily of single-family homes. Located in an ultra-prime pocket of Highland Park, one of Northeast Los Angeles’ most desirable submarkets, the property sits just one block south of the bustling Figueroa Street retail corridor and north of the 110 Freeway, providing ideal proximity to the neighborhood’s premier dining, shopping, and entertainment amenities. Constructed in 1963, the 19,001 SF building comprises 22 (1+1), 5 (2+1), and 1 (3+1) units averaging approximately 678 gross SF. The property rests on an oversized 34,216 SF LARD2-1-HPOZ-zoned lot, offering investors excellent ADU potential. The charming Mid-Century courtyard-style design includes a central pool and patio area surrounded by generous open space and separate storage/garage structures that could be converted into a gym, rec room, or creative amenity space. The parking area provides 35 individual spaces at the front of the property. Current ownership has thoughtfully reimagined the exterior, embracing the property’s original Mid-Century aesthetic through a stylish repaint and refreshed landscaping that enhances its curb appeal while accentuating distinctive architectural features such as decorative breeze blocks and floating staircases. Recent capital improvements include upgraded electrical house panels, a newly remodeled pool-adjacent deck offering a welcoming communal seating and gathering area, re-plastered and retiled pool, installation of new split-system HVAC units in many apartments, enhanced exterior lighting, and a resurfaced parking lot. There is also strong potential to privatize select unit patios for added tenant appeal. Sixteen of the units have been tastefully renovated with open-concept floor plans, engineered hardwood flooring, modern fixtures, stainless-steel appliances, quartz countertops, updated cabinetry, new blinds, and beautifully appointed bathrooms. Additional amenities include on-site gated parking, A/C, and a renovated community pool for residents. 200 S Avenue 59 places residents within walking distance of Highland Park’s most beloved destinations—including Highland Park Bowl, Civil Coffee, HomeState Tacos, Kinship Yoga, Hermon Park, Gold Line Bar, Checker Hall, and Triple Beam Pizza as well as numerous boutique shops, galleries, and nightlife options. Residents also enjoy close proximity to Ernest E. Debs Regional Park and other neighborhood green spaces offering hiking trails, tennis courts, basketball courts, and abundant outdoor recreation opportunities. The property is also within walking distance of the Metro Gold Line Highland Park Station and offers quick access to the 110 Freeway, connecting residents to Downtown Los Angeles, Pasadena, and the Tri-Cities employment centers within minutes. Surrounded by vibrant retail corridors and green spaces, Highland Park has emerged as one of Los Angeles’ most progressive and rapidly transforming neighborhoods, attracting a strong demographic of creative professionals and long-term renters seeking style, culture, and convenience. With its prime location, significant rental upside, and recent capital improvements, 200 S Avenue 59 is well-positioned for a skilled value-add investor to continue implementing a high-end renovation program to optimize market rents, maximize appreciation, and generate strong future returns.

Contact:

The Kanner Group

Property Subtype:

Apartment

Date on Market:

2025-11-01

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More details for 937 Las Juntas St, Martinez, CA - Multifamily for Sale

937 Las Juntas St

Martinez, CA 94553

  • Convenience Store
  • Multifamily for Sale
  • $1,324,775 CAD
  • 1,635 SF
  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Smoke Detector

Martinez Multifamily for Sale - Martinez/Pacheco/Hercules

SHOWING: SATURDAY 11/8 FROM 12 PM TO 1 PM Welcome to 933–937 Las Juntas Street, a beautifully maintained three-unit property ideally located in the heart of downtown Martinez. This turnkey offers an exceptional opportunity for both investors and owner-users. Two of the three units have been tastefully remodeled with a modern design and quality finishes throughout — featuring brand-new kitchens, new flooring, updated bathrooms, and in-unit washer and dryer. Each renovated unit also includes new appliances and stylish touches that create a warm, inviting atmosphere. The property has been freshly painted on the exterior and enhanced with new landscaping, adding to its curb appeal and low-maintenance charm. Located just steps from restaurants, shops, coffee houses, and Martinez Marina, this triplex combines small-town charm with easy access to major commuter routes and public transportation. Whether you’re looking for a prime rental property or a live-in investment, 933–937 Las Juntas offers both comfort and strong income potential in a highly desirable location. Prime Downtown Martinez Location. Situated in the heart of downtown Martinez, 933–937 Las Juntas offers the perfect blend of charm, convenience, and community. The property is just steps away from Main Street’s vibrant mix of local restaurants, cafés, boutiques, and entertainment. Residents can enjoy easy access to the Martinez Marina, beautiful walking trails, and the city’s many parks and outdoor spaces. Commuters will appreciate the property’s close proximity to Highway 4, Interstate 680, and the Martinez Amtrak Station, providing quick connections throughout the Bay Area. The neighborhood’s walkable, historic downtown and friendly small-town atmosphere make it one of the East Bay’s most desirable and fast-growing communities.

Contact:

Berkshire Hathaway HomeServices Drysdale Properties

Property Subtype:

Apartment

Date on Market:

2025-10-31

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More details for 3612 10th ave, Los Angeles, CA - Multifamily for Sale

8 Brand New Units by Metro Station - 6.19 Cap - 3612 10th ave

Los Angeles, CA 90018

  • Convenience Store
  • Multifamily for Sale
  • $6,623,875 CAD
  • 10,908 SF
  • Air Conditioning
  • Private Bathroom
  • 24 Hour Access
  • Smoke Detector

Los Angeles Multifamily for Sale - Inglewood/South LA

PartnersCRE is proud to present 8 Brand New non-RSO Units with a 6.19% Cap Rate in one of Los Angeles’ most dynamic and rapidly evolving neighborhoods - Jefferson Park / Leimert Park. Located at 3608 and 3612 10th Ave., the properties, consisting of two Fourplexes, are strategically located a ten minute walk to the Expo / Crenshaw E and K Metro Station, helping tenants to take advantage of the notable job market in the area, while opening up all of Los Angeles to those who choose to avoid relying on a car! Designed for modern living, these two-story structures have been thoughtfully designed with today’s renters in mind. The properties features spacious, family-sized units perfect for roommates, and each consist of two 3-bedroom units and two 4-bedroom units, boasting open floor plans, generous living areas, and in-unit laundry with new washers and dryers. The cooks-kitchens are appointed with quartz-style countertops, stainless steel appliances, and custom cabinetry, creating a clean, contemporary aesthetic that appeals to families and young professionals alike. Each residence has its own private entry for an exclusive feel, with two-story layouts, stylish lighting and one entry-level bedroom. The back of the property is striped for 8 parking spaces, and will feature solar panels. The properties’ location is equally compelling. Very centrally located for Los Angeles, residents benefit from the E and K Metro Lines, which will connect to the People Mover for quick access to LAX, placing the entire city (and the world) within easy reach, creating a rare convenience for professionals, students, and frequent travelers. Just north of Leimert Park and the Crenshaw Mall, the properties are also only minutes from West Adams, one of Los Angeles’ most dynamic neighborhoods, celebrated for its rapid revitalization, vibrant dining scene, and influx of creative professionals. With continued reinvestment driving new restaurants, nightlife, and retail, this submarket is emerging as one of the city’s most desirable places to live and invest. This offering provides investors with the rare chance to acquire two newly built, transit-oriented Fourplexes with no rent control in a neighborhood that is quickly coming of age. With its large unit sizes, modern finishes, and prime location, 3608 & 3612 10th Ave. present a compelling long-term hold for cash flow and appreciation and a strong addition to any multifamily portfolio. This Listing includes two APNs: 5044-012-024 & 5044-012-025.

Contact:

Partners CRE - KWBH

Property Subtype:

Apartment

Date on Market:

2025-10-30

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More details for 415 E 10th St, Pittsburg, CA - Industrial for Sale

415 E 10th St

Pittsburg, CA 94565

  • Convenience Store
  • Industrial for Sale
  • $3,137,625 CAD
  • 8,100 SF
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More details for 1419 Malvern Ave, Los Angeles, CA - Multifamily for Sale

1419 Malvern Ave

Los Angeles, CA 90006

  • Convenience Store
  • Multifamily for Sale
  • $1,253,656 CAD
  • 5,960 SF
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More details for 74707 Sunset Dr, Twentynine Palms, CA - Specialty for Sale

74707 Sunset Dr

Twentynine Palms, CA 92277

  • Convenience Store
  • Specialty for Sale
  • $514,571 CAD
  • 2,098 SF
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More details for 1380 48th Ave, San Francisco, CA - Multifamily for Sale

1380 48th Ave

San Francisco, CA 94122

  • Convenience Store
  • Multifamily for Sale
  • $4,041,261 CAD
  • 7,205 SF
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More details for 16450 Monterey Rd, Morgan Hill, CA - Retail for Sale

Seller Financing Available - 16450 Monterey Rd

Morgan Hill, CA 95037

  • Convenience Store
  • Retail for Sale
  • $3,618,728 CAD
  • 6,683 SF

Morgan Hill Retail for Sale

Marketing package available upon request. This property can be delivered together with 16795 Monterey Rd for a combined investment opportunity. Yellowstone Investments is pleased to exclusively present for sale this exceptional ±6,683 SF mixed-use commercial property located at 16450 Monterey Road, Morgan Hill, CA. Situated on a ±20,000 SF lot and built in 1979, the asset offers an attractive investment opportunity in one of South Bay’s most dynamic submarkets. The property is 100% occupied by four established tenants: Bella Vita Salon, Cherissie’s Hair Salon, Morgan Hill Teachers Union, and Chaven & Associates LLP. Each occupies roughly one-quarter of the building. The premises feature multiple restrooms, including men’s and women’s facilities in two units, a private restroom in another, and a second-floor common area with men’s and women’s restrooms plus a shower. Additionally, Chaven & Associates LLP benefits from a private kitchen, adding convenience for its staff. All leases include 2.5–3% annual rent increases, providing built-in income growth. Cherissie’s Hair Salon holds a five-year renewal option, supporting long-term stability. The property has separate gas and electric meters, and two water meters—one for the building and one for landscaping—with the salons reimbursing a portion of the building’s water usage. The building has been well maintained, with three of four units renovated, each featuring its own furnace and A/C condenser. A new roof was installed approximately seven years ago. The site offers ±29 on-site parking spaces and additional development potential due to its large lot size. The Seller is open to providing seller financing, offering flexibility for qualified buyers. Located directly on Monterey Highway, a major commercial corridor with strong traffic counts and visibility, the property provides stable income, minimal management needs, and long-term growth potential in a high-demand South Silicon Valley market.

Contact:

Yellowstone Investments

Date on Market:

2025-10-29

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More details for 2336-2338 Pacific Ave, Long Beach, CA - Retail for Sale

Eagle Market - 2336-2338 Pacific Ave

Long Beach, CA 90806

  • Convenience Store
  • Retail for Sale
  • $1,603,675 CAD
  • 3,284 SF
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More details for 200 Jose Figueres Ave, San Jose, CA - Office for Sale

200 Jose Figueres Ave

San Jose, CA 95116

  • Convenience Store
  • Office/Medical for Sale
  • $1,108,628 CAD
  • 1,695 SF
  • 1 Unit Available
  • Wheelchair Accessible
  • Smoke Detector

San Jose Office for Sale - San Jose-Berryessa

This well-maintained, move-in-ready medical office condominium offers 1,695 square feet of thoughtfully designed space with high-quality tenant improvements tailored for healthcare professionals. Located within an all-medical office building just steps from the Regional Medical Center, the property provides exceptional convenience and accessibility, with direct connections to Highways 101 and 680. The suite features a large, welcoming reception area and a comfortable waiting room with tiled flooring and custom paint finishes. It includes six fully equipped exam rooms, each with its own sink, phone line outlet, Wi-Fi access, and instant water heater for maximum efficiency. Additional spaces include a private doctor’s office with a separate entrance, a second large private office overlooking the East Foothills, and an adjacent filing and storage area. A tile-floored restroom and high-quality custom doors further enhance the professional environment. The waiting room and one private office are pre-wired with TV outlets for added convenience. Ownership association coverage includes all common area maintenance, ensuring a well-kept and professional setting for patients and staff. This property represents an excellent opportunity for a medical or healthcare practice seeking a fully equipped, ready-to-occupy office in a highly desirable medical corridor. For showings and additional information, please contact Trung Lam at 408-444-7777 or Jack Huynh at 408-884-8888.

Contact:

Kw Silicon City

Property Subtype:

Medical

Date on Market:

2025-10-27

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More details for 8030 Cherry Ave, Fontana, CA - Retail for Sale

Chipotle & Jersey Mike’s - Pad to Supermarket - 8030 Cherry Ave

Fontana, CA 92335

  • Convenience Store
  • Retail for Sale
  • $8,365,606 CAD
  • 4,872 SF
  • Air Conditioning

Fontana Retail for Sale - Airport Area

Faris Lee Investments is pleased to present an exceptional investment opportunity featuring a newly constructed, free-standing pad building hosting three esteemed fast-casual dining tenants: Chipotle, Jersey Mike’s, and Dragon Grill. Strategically positioned as an outparcel pad building to a bustling Neighborhood Shopping Center anchored by a 24/7 Winco Foods Supermarket, this property offers investors a zero-deferred maintenance asset with long-term stability. Notably, the property boasts a Drive-Thru Chipotlane, catering to the modern consumer’s convenience preferences, along with six EV charging stations leased on long-term agreements. The tenant roster is complemented by a lease with Phantom Fireworks, which operates on-site outside of the main building. Chipotle, a globally recognized consumer brand with over 3,700 locations worldwide, is renowned for its fresh Mexican-inspired cuisine and commitment to using high-quality ingredients sourced from sustainable suppliers. With annual sales exceeding $11.31 billion and a current market cap of $56B+ (October 2025), Chipotle serves as the anchor tenant, providing reliability and prestige. Jersey Mike’s, a well-established consumer brand specializing in submarine sandwiches and salads, has over 3,190 locations across the United States and is currently valued at over $8 billion. Although privately held, the chain was acquired by Blackstone in a deal valued at approximately $8 billion that was completed in January 2025. Dragon Grill, cherished for its Asian-inspired cuisine and stellar 4.6-star rating on Google reviews, rounds out the tenant mix, reflecting the community’s culinary preferences and bolstering the property’s appeal. The property enjoys exceptional visibility at the signalized hard corner of Foothill Blvd. and Cherry Ave., with over 63,000+ vehicles passing by daily. Neighboring national retailers include Farmer Boys and Arco AM/PM, further enhancing the area’s appeal. Strong trade area demographics boast a population of over 148,000+ within a 3-mile radius and an average household income of $124,000+. Fontana, part of the Inland Empire Region, serves as the Logistics and e-Commerce hub for southern California, offering ample opportunities for continued property appreciation and potential future development. The property’s long-term, triple-net leases ensure minimal management burden, with all common area maintenance expenses passed through to tenants. Its prime location near major highways, public transportation options, and pedestrian-friendly amenities enhances its appeal to environmentally conscious consumers. This investment presents a rare opportunity to acquire a high-profile retail asset with top-tier tenants in a thriving market, poised to deliver strong returns for discerning investors.

Contact:

Faris Lee Investments

Property Subtype:

Fast Food

Date on Market:

2025-10-27

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More details for 201 W 138th St, Los Angeles, CA - Industrial for Sale

201 W 138th St

Los Angeles, CA 90061

  • Convenience Store
  • Industrial for Sale
  • $12,899,125 CAD
  • 40,385 SF
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More details for 1014 1st St W, Sonoma, CA - Multifamily for Sale

1014 1st St W

Sonoma, CA 95476

  • Convenience Store
  • Multifamily for Sale
  • $1,952,300 CAD
  • 2,750 SF
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More details for 284 W Olive Ave, Porterville, CA - Retail for Sale

GAS STATION WITH PROPERTY & BEER WINE MARKET - 284 W Olive Ave

Porterville, CA 93257

  • Convenience Store
  • Retail for Sale
  • $2,300,925 CAD
  • 3,992 SF
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More details for 100 Cortona Way, Brentwood, CA - Office for Sale

Meridian Professional Center - 100 Cortona Way

Brentwood, CA 94513

  • Convenience Store
  • Office/Medical for Sale
  • $1,044,481 CAD
  • 2,284 SF
  • 1 Unit Available
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More details for 3715 International Blvd, Oakland, CA - Retail for Sale

3715 International Blvd

Oakland, CA 94601

  • Convenience Store
  • Retail for Sale
  • $1,533,950 CAD
  • 1,094 SF
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More details for 924 Main St, El Segundo, CA - Multifamily for Sale

924 Main St

El Segundo, CA 90245

  • Convenience Store
  • Multifamily for Sale
  • $4,182,106 CAD
  • 5,656 SF
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More details for 7314 Santa Juanita Ave, Orangevale, CA - Land for Sale

7314 Santa Juanita Avenue - 7314 Santa Juanita Ave

Orangevale, CA 95662

  • Convenience Store
  • Land for Sale
  • $2,787,606 CAD
  • 8.99 AC Lot
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More details for 4355 Iowa St, San Diego, CA - Multifamily for Sale

Iowa Street Redevelopment - 4355 Iowa St

San Diego, CA 92104

  • Convenience Store
  • Multifamily for Sale
  • $3,451,388 CAD
  • 3,788 SF

San Diego Multifamily for Sale - Uptown East

* * * please do not disturb residents * * * 3% buyer commission paid upon close of escrow. Seller desires to cash out - no carry back PROPERTY LOCATION and OPPORTUNITY: The property available in this listing is a 3788 sq.ft. - 6 unit apartment building on 6969.6 sq. ft. of flat land. The lot is the largest privately held parcel of the six parcels that comprise the "short block" on Iowa St., just North of Circle K on El Cajon Blvd. The short block is bordered by two streets and a 10' alley. Complete Communities Tier 3 overlay zone applies, allowing 6.5 times the land area. The opportunity is to ASSEMBLE the other parcels over time. Optimally, a strategy employed would capitalize on purchasing the adjacent lots during opportunities of deep economic dislocation/discount from current values (which occur from time to time). Each additional acquisition contributes significantly to the ultimate block assemblage. The level terrain allows for maximum unit yield with the lowest possible grading cost. CAL TRANS has zero ownership in Boundary Street, a rare exception. Cal Trans' property line is their chain link fence at Boundary St. CONVENIENCE of LOCATION (DESIRABILITY): With adjacent access to 805 fwy, the location offers quick access to freeways 8, 15, 163 and 94 connecting Downtown, Mission Valley, Beaches, East County and South Bay. SPROUTS Farmers Market is scheduled to open by Fall at 33rd and El Cajon Blvd. evidencing Sprout's strong conviction of the area's future economic longevity. SPROUTS will make the frequent chore of grocery shopping super convenient at 1/3 mile by vehicle. AREA CALCULATION and UNIT PRODUCTION: The assembled 6 parcels, accompanied with City granted vacations of existing rights of ways ^ (Boundary Street and the East/West connecting alley to Iowa Street) = 1.15 acres (50,094 sf, subject to survey) LESS the non build-able 25' x 475' utility easement corridor (11,875 sf) yields 38,219 sf X 6.5 FAR = 248,423 Gross Build-able Area - call it 248,000 sf. Applying 20 % for common area/circulation/core functions nets 198,400 sf Gross Build-able Area attributable to unit production (80% of 248,000). Applying a simplistic program of 100% 2br/2ba prototype, each 850 sq.ft., yield potential is 233 units. Putting a total parcel accumulation cost at $12.5 million yields a raw land cost of $54K/unit. ^ the State's "AFFORDABLE HOUSING for ALL" policies set San Diego's future on a permanent path to become very, very dense over time similar to Los Angeles, Chicago and Seattle. Given this commitment, the City has no cause to deny vacation of their public right of ways that would meaningfully contribute to the creation of needed housing. PARKING - A COMPETITIVE ADVANTAGE: Iowa Street's 80' right of way allows 90 degree head-in parking. With 8' wide stalls the 415' length would accommodate at least 39 spaces, including two disabled and two, 24' wide, double ingress-egress aprons (one for subterranean parking, one for grade level parking). A single level subterranean parking structure utilizing 38,000 sf of land with diagonal stall configuration will produce 75 spaces, 114 total (39 + 75) . . . utilizing 75% of the parcel at grade level for parking will contribute approximately 86 stalls = 200 total spaces (114 + 86). UTILITIES: Overhead high voltage electric lines and two high pressure gas lines within an existing easement corridor on Boundary St. Approximately 425 lineal feet of high tension power lines (69kv, 12kv) require concrete encased under-grounding. One 60' steel transmission tower requires removal . . . two poles at North/South ends of the project remain. Additionally, one each 16" and 6" gas line exist and are proposed to remain in the utility easement. PROJECT REVENUES and POTENTIAL SALE VALUE: Assuming a rent rate at $3200/mo. and applying a conservative 6% vacancy factor, annual income approximates $8,410,000. After property taxes and 30% operating cost, net annual income = $4,678,000. Using a 4.2% capitalization rate imputes project value at $111,381,000. An average unit sale price of $675,000 imputes a project value at $157,275,000. It has been 51 years since this property was last available for purchase. Acquiring this property positions you to earn income, while, over time, you acquire 5 adjacent parcels due South. Capture this rare opportunity to create your Legacy Wealth. VALUE ADD: The subject is comprised of (2) large 1br/1ba units approximately 745sf; (4) 1br/1ba units approximately 575 sf totaling 3,788 sf with (8) on-site parking spaces, a generous ratio at 2.1/1000 sf . . . on street parking often presents space as over-flow . . . capability of expanding two units . . .pro-forma rents are $1895 each for 4 units, $2095 for the larger 2 units.. . . .coin laundry on site . . . optimize rents with assertive management utility record documents and Cal Trans survey all available

Contact:

Martin E Chevalier

Property Subtype:

Apartment

Date on Market:

2025-10-21

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