Barrio Logan Value Add Mixed Use | 14k SF Lot
• Asking Price: $2,050,000
• Cap Rate: 4.81%
• Approximate GRM: 12.95
• 7 Existing Income-Producing Units/Spaces
• Approximately 6,742 SF of Existing Improvements
• Approximately 13,728 SF Lot / 0.32 Acres
• Multi-Parcel Assemblage
• Existing Residential and Commercial Income
• Three Detached Cottage-Style Residential Units
• One Single-Family Residence
• Two Retail Units
• Commercial Kitchen Facility
• Zoning: CC-3-6 and RM-2-5
• Complete Communities
• Coastal Zone
• Transit Priority Area
• Sustainable Development Area
• Opportunity Zone
• Promise Zone
• Potential Commercial-to-Residential ADU Conversion Opportunity
• Significant Long-Term Multifamily and Mixed-Use Redevelopment Potential
• Covered-Land Investment with In-Place Income
• Hard-Corner National Avenue Location
• Located in the Heart of Barrio Logan
• Convenient Access to Downtown San Diego, Interstate 5 and the Coronado Bridge
Property Description
2186–2194 National Avenue presents a unique covered-land, mixed-use investment and redevelopment opportunity in the heart of Barrio Logan. Offered at $2,050,000, the approximately 13,728-square-foot multi-parcel site combines existing residential and commercial income with substantial near- and long-term value-add potential.
The property is currently improved with three detached cottage-style residential units, a single-family residence, a two-unit retail building, and a commercial kitchen facility. The existing improvements total approximately 6,742 square feet and provide investors with in-place income while evaluating renovation, conversion, expansion, or redevelopment strategies.
The property benefits from CC-3-6 and RM-2-5 zoning across the assemblage and is located within several important development overlays and incentive areas, including Complete Communities, the Coastal Zone, Transit Priority Area, Sustainable Development Area, Opportunity Zone, and Promise Zone. These designations provide compelling long-term potential for higher-density residential or mixed-use redevelopment, subject to applicable City of San Diego requirements and approvals.
A significant near-term value-add opportunity may also exist through conversion of portions of the existing commercial improvements to residential ADUs, potentially increasing residential unit count and rental income while retaining the existing covered-land investment strategy. Longer term, the approximately 13,728-square-foot hard-corner site offers an attractive infill redevelopment opportunity along National Avenue in one of San Diego's evolving urban neighborhoods.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $2,050,000 |
| No. of Units: | 7 |
| Cap Rate: | 4.81% |
| GRM /GIM: | 12.95 |
| Building Size: | 6,742 Sq ft |
| Lot Size: | 0.32 Acres |
| No. of Stories: | 2 |
| Opportunity Zone: | Yes |
| Price per unit: | $292,857 |
| Property Website | Click Here |
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