SRO on 1st Avenue

Downtown San Diego is the vibrant and bustling urban core of the city, located in the southern part of San Diego, California. Situated along the beautiful San Diego Bay, downtown is known for its prime coastal location and stunning views of the Pacific Ocean. It is a dynamic neighborhood that combines a rich historical heritage with modern amenities, making it a popular destination for residents and visitors alike. One of the highlights of Downtown San Diego is the historic Gaslamp Quarter, a lively district filled with Victorian-era buildings that house a diverse array of restaurants, bars, shops, and nightclubs. The Gaslamp Quarter is a hub for entertainment and nightlife, offering everything from fine dining to live music and theater performances. Another iconic feature of downtown is the Embarcadero, a waterfront promenade lined with parks, public art installations, and the famous USS Midway Museum, a decommissioned aircraft carrier that serves as a museum and educational attraction. For those interested in cultural experiences, the Balboa Theatre and the San Diego Symphony are renowned venues that host a wide range of performances throughout the year. Additionally, the downtown area is home to Petco Park, the stadium of the San Diego Padres, where baseball fans can catch a game while enjoying views of the city skyline. Downtown San Diego’s central location provides easy access to other parts of the city, including popular neighborhoods like Little Italy, East Village, and the historic Old Town. The city’s public transportation system, including trolleys and buses, makes it convenient to explore the broader San Diego area from downtown. With its mix of historical charm, cultural attractions, waterfront beauty, and urban energy, downtown San Diego offers a vibrant and diverse experience for residents and visitors.We are proud to present for sale, 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, meaning massive upside potential for a new owner. Each floor of the property has its own kitchen, bathroom and shower. Additionally, the property sits on a prime lot in downtown San Diego and could be repurposed for 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 properties. Don’t miss out on this opportunity to own real estate in one of the best locations in San Diego.