top of page
SRO on 1st Avenue

Active

Featured Listing

SRO on 1st Avenue

1468 1st Avenue

$4,290,000

UNITS

34

PROPERTY TYPE

Multifamily

SQUARE FEET

10,980

CAP RATE

AE

Arby Eivazian

DRE# 01948830 · South Coast Commercial

619-990-4436

Property Details

Property Name

SRO on 1st Avenue

Address

1468 1st Avenue, San Diego, CA 92101

Asking Price

$4,290,000

Units

34

Building Size

10,980 SF

Property Type

Multifamily

Cap Rate

Price Per Unit

$126,176

Status

Active

Broker

South Coast Commercial

Investment Opportunity

We are proud to present an extremely rare opportunity to own an investment property in one of the best locations in all of San Diego. Sitting in downtown San Diego, 1468 1st Ave is comprised of 34 SRO units and one office space. All units have been extensively remodeled, and 8 of the units come with their own bathroom. These interior renovations, combined with exterior upgrades, mean massive upside potential for a new owner. Each floor has its own kitchen, bathroom, and shower, and the property sits on a prime downtown lot that could be repurposed by a developer.

The owner of this building also owns 1445 Front St, which sits on the same block. The seller is looking to exchange out of both properties and retire — the buyer can make an offer on either or both.

Why This Property

Strong in-place income

High-demand urban corridor

Rental upside potential

Limited competing inventory

Suitable for 1031 exchange

More Opportunities

Other Available Listings

Active

3691 National Ave

22 Units · San Diego, CA

$5,720,000

22

View Details

Active

3691 National Ave

22 Units · San Diego, CA

$5,720,000

22

View Details

Active

3691 National Ave

22 Units · San Diego, CA

$5,720,000

22

View Details

Interested in This Property?

Request the full offering memorandum, financial details, and schedule a private showing.

bottom of page