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Stacey Alysson Melman

2611 Adams AV
North Park (San Diego), CA, 92116
$4,495,000
Beds
0 Baths
0 SqFt
0.16 Acres
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MLS #NDP2608921 image #0
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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.
AGENT: Eric von Bluecher
LISTING BROKERAGE: Lee & Associates
2611 Adams AV
North Park (San Diego), CA

Property Details

Price:
$4,495,000
MLS #:
NDP2608921
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Neighborhood:
92104northpark
Listed Date:
Sep 24, 2026
Total Sq Ft:
3,360
Lot Size:
7,009 sqft / 0.16 acres (approx)
Year Built:
2025
Newconstruction92104 – North Park92104northpark
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Schools

Interior

Laundry Features
NO

Exterior

Common Walls
_2CW
Community Features
SUB
New Construction YN
1
Parking Spots
5
Parking Total
5

Financial

Net Operating Income
$318,768

Map

Community

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