The Broodmoore Apartments 1541 8th Ave Immeuble residentiel 25 lots 4 780 659 € (191 226 €/Lot) Taux de capitalisation 4,16 % San Diego, CA 92101

$400k Price Reduction! CBRE is pleased to present 1451 8th Avenue, a 25-unit apartment community located in the highly desirable Cortez Hill neighborhood of Downtown San Diego. Originally constructed in 1914, the property consists of a unique mix of studio units, onebedroom apartments, and a penthouse/commercial unit, offering investors a rare opportunity to acquire a character-rich asset in one of Downtown San Diego’s most established residential enclaves. The property also features a shared laundry facility and a substantial basement-level storage area, providing added convenience for tenants and potential operational upside for ownership. Additionally, the offering includes attractive assumable financing, with an existing $1.25 million loan at a 3.45% fixed interest rate through September 2030, presenting a compelling opportunity to secure below market debt in today’s higher interest rate environment.
Situated in Cortez Hill, the property benefits from one of the most walkable residential neighborhoods in Downtown San Diego, where residents enjoy convenient access to daily amenities, restaurants, retail, and entertainment. The location places tenants within walking distance of several of Downtown’s most vibrant districts including Little Italy, the Gaslamp Quarter, and East Village, all of which offer a wide array of dining, nightlife, shopping, and employment opportunities. Additionally, Balboa Park, one of the nation’s largest urban parks and home to numerous museums and the San Diego Zoo, is located just minutes away, providing exceptional outdoor and cultural amenities. 1451 8th Avenue also benefits from excellent regional connectivity. The property is located just minutes from Interstate 5, State Route 163, and Interstate 805, providing convenient access throughout San Diego County. Residents can easily commute to major employment centers including Downtown San Diego, Mission Valley, Kearny Mesa, and UTC/La Jolla. In addition, the property is located near multiple San Diego Trolley lines and public transportation options, further enhancing connectivity to surrounding neighborhoods and regional employment hubs.
*Buyer to verify square footages of units, address, location, numbr of units, year built, etc. Seller and broker make no warranties as to the validity of the marketing and has prepared marketing to the best of their ability.