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3141 Imperial Avenue, San Diego, CA 92113
Priced at Only: $1,900,000
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Address: 3141 Imperial Avenue, San Diego, CA 92113
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  • MLS#: NDP2601746 ( Multi Family )
  • Street Address: 3141 Imperial Avenue
  • Viewed: 4
  • Price: $1,900,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 101
  • Additional Information
  • County: SAN DIEGO
  • City: San Diego
  • Zipcode: 92113
  • Provided by: Southwest Equity Partners
  • Contact: Gary Gary
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    The Weddle Group of TWG Commercial is pleased to present for sale 314143 Imperial Avenue, an eight unit multifamily property located in the heart of San Diego, California. This asset represents a rare true value add and development opportunity, offering meaningful upside through renovation, repositioning, and potential redevelopment. The property is well suited for private investors, multifamily developers, and value add operators seeking a well located transit adjacent opportunity in a rapidly evolving corridor. The property benefits from direct frontage along the newly funded Imperial Avenue Bikeway, scheduled for completion in 2026, which is expected to enhance connectivity, accessibility, and long term neighborhood appeal. The large, well configured lot provides substantial development potential and compares favorably to recent multifamily projects in the immediate area. The property, located in an opportunity zone, is immediately adjacent to a San Diego Trolley station, positioning the site to maximize allowable density and development incentives under the City of San Diegos Complete Communities Initiative and California Senate Bill 79, which takes effect July 1st. These policies create a favorable framework for increased residential development, reduced parking requirements, and streamlined approval pathways, making this property particularly attractive to developers, QOZ funds, and institutional capital. The asset will be delivered with three units vacant, allowing a new owner to implement renovations and reposition the property immediately. In addition, there are three vacant two car garages featuring existing plumbing and electrical infrastructure with direct access to a private courtyard, providing an excellent opportunity for ADU conversion and additional income potential. Under no circumstances should the property be entered or tenants disturbed. All inquiries must be directed exclusively to the listing agent, Gary Weddle.
Features
Advertisingexpense
  1. 0.00
Building Area Total
  1. 3942.00
Insurance Expense
  1. 9600.00
Netoperatingincome
  1. 106313.00
Parcel Number
  1. 5453810700
Property Type
  1. Multi Family
Totalexpenses
  1. 65732.00
Trash Expense
  1. 4135.00
Virtual Tour Url
  1. https://my.matterport.com/show/?m=w84rSZx68t2
Year Built
  1. 1960
Year Built Source
  1. Estimated
Zoning
  1. RM-3-7
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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