2701 Imperial Ave 14 Unit Apartment Building $2,100,000 ($150,000/Unit) 4.03% Cap Rate San Diego, CA 92102

Introducing 2701–11 Imperial Avenue, a full-corner 14-unit mixed-use investment opportunity located just two miles east of Downtown San Diego in the centrally positioned Grant Hill neighborhood. The asset includes 9 sizeable SRO-style residential units and 5 street-facing commercial storefronts, currently anchored by two high-visibility, 4.8-star Yelp-rated tenants: Ferchaladas, a popular birria and seafood concept, and Ana’s Fruit & Deli, a long-standing local staple.
The property is zoned CN-1-3 and falls within San Diego’s Complete Communities Tier 3 overlay, Transit Priority Area (TPA), and Qualified Opportunity Zone (QOZ) — a powerful combination that may allow for up to 6.5 FAR and ±46,000 buildable square feet, subject to buyer verification and planning approvals. Its three-sided street access, strong visibility, and corner presence further enhance development or repositioning flexibility.
Positioned in the heart of San Diego’s urban core, the property offers immediate access to Downtown, Balboa Park, Petco Park, Golden Hill, Sherman Heights, and Logan Heights, as well as the I-5, SR-94, and I-15 freeways. The surrounding neighborhoods are seeing continued private investment, civic improvements, and new multifamily development — making this a prime corridor for long-term growth.
Whether you’re looking to stabilize cash flow, re-tenant the commercial frontage, or pursue a ground-up redevelopment, this site presents a rare opportunity to control a centrally located mixed-use asset at an attractive basis with real long-term potential.