2611 Adams Avenue

Property Overview

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.

Home Details

Property type: Residential Income
Year built: 2025
Lot size: 7,009 sq ft
Parking: 5 spaces
Stories: 1
Days on market: 7
MLS status: Active
Zoning: Commercial. Buyer to veri

Features & Amenities

Pool

None

Lot

Zero To One Unit Acre

Community, Schools & Utilities

Community

New construction: Yes

Utilities

Sewer: PublicSewer

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Location & Neighborhood

San Diego, CA 92116

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Frequently Asked Questions About 2611 Adams Avenue

Property type: Residential Income

The current asking price is $4,495,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2611 Adams Avenue. Our team will confirm availability and timing.

This property offers the living space reported in the listing. It was built in 2025. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in San Diego, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this San Diego property.

The MLS currently reports the property as Active. It has been listed for 7 days. Status can change, so verify availability before relying on it.