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Listed by Lee & Associates, Eric von Bluecher, Listing Contact: 760-929-7846 
0 Beds
0 Baths

$4,495,000

2611 Adams Avenue, North Park (San Diego), North Park ( san Diego ) CA, 92116

Property typeMulti-family

Overview

Active

Listed Sep 24, 2026

Updated 19h ago

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.

$29,905/mo

Est. mortgage payment based on a $4,495,000 home price.

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Data last updated 4:16 AM UTC, 10/2/2026

   

 

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