2874 B, San Diego, CA 92102

About this commercial property

SECOND PRICE REDUCTION: The Pacifica Apartments is a well-located asset with a desirable unit mix in a turn-key condition. Originally constructed in 1962, the property’s interior and exterior has been continuously improved. A future investor can immediately increase rents to market rents and take advantage of the continued broader regional market growth. Alternatively, an investor could complete a deeper renovation with additional amenities such as in-unit washer and dryers and raise rents significantly. Recent updates to the City of San Diego's development regulations, provides a unique redevelopment opportunity. The property is located in the Complete Communities Area, which would allow a developer to exceed height and density limits of the base zone. Located in the charming Golden Hill neighborhood and surrounding communities of Downtown and South Park, the area is a perfect balance of urban activity and quiet neighborhood charm. Residents are walking distance to restaurants, bars, coffee shops and retail. Proximate to several freeways including I-5, I-15 and the 94 Freeway.

Listing description from the July 2023 sale, as reported to CRMLS.

Sale history

$10,450,000

Sold July 2023 · listed $11,000,000, orig. $12,000,000, on market January 2023 · MLS #230000288SD · Source: CRMLS

Listing Agent: Eric Comer · Listing Office: Eric D. Comer, Broker · Contact: 858-509-1200 · Bought with: Eric Comer · Eric D. Comer, Broker

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