Bar and Property for Sale - Point Loma 2820-2830 Lytton Street San Diego, CA 92110

Property Description for 2820-2830 Lytton

• Property Address: 2820-2830 Lytton St., San Diego, CA 92110
• Improvements: two stand-alone; retail - Flex Space on the ground floor with stairs leading to a lower level indoor/outdoor Bar. 
• Tenancy: Multi-tenant occupancy, currently owner-occupied.
• Rentable Square Footage: Approximately 2999 square feet 
• Zoning: CN1-6. Added links to the ALCU and the like to midway rising.
• Ownership: Fee Simple

Valuation Analysis

• Annual Gross Income - Proforma:

• Net Operating Income: $127,500
• Property Only Proforma Total Rental Income: $ 127,500

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• Valuation Matrix & Recommended Price:

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• Income Approach Value Matrix
• Recommended Asking Price: $2,500,000 

Price Breakdown

• Land Value: Approximately $2.25 million
• Liquor License: Estimated value of $150,000
• Bar Revenue: Producing $750,000 - $1.2 million in gross revenue over the past five years

Total Package Price: $2.5 million, or the best offer for a quick and easy close.