Description

MOTIVATED SELLER - OFFERS WELCOME We are pleased to present a truly iconic piece of San Diego history - a first time to market legacy asset in an A+ location. 1445 Front St is a SRO property comprised of 25 units. Each unit has undergone significant recent renovations including new flooring, vanities, ceiling fans, windows, and more. Each floor has its own kitchen space and bathroom + shower space. Upgrades to the exterior and continued sprucing up of interiors will allow a new owner to capture upwards of 50% rental upside. Or, given the rare component of the last remaining lots in downtown that can be developed, this property is sure to garner developer interest as well. The location is truly second to none, bordering the Little Italy and central San Diego Downtown districts. This building can be sold with or separate from 1468 1st Ave, located on the same block. The Seller is motivated, prime and ready to 1031 exchange into another market and retire. Take the opportunity to own a legacy piece of real estate in America's finest city.

Features

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• 2 Stories
• Number of Units: 25
• Price Per Unit: 216000
• SqFt of Improvement: 4375