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$5,250,000
Est. payment /mo
12 Beds
12 Baths
10,992 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 10,992 sqft
Price per Sqft $477
MLS Listing ID 260024760
Bedrooms 12
Full Baths 12
Property Sub-Type Com-Res Income
Property Type Com-Res Income
Property Description
We are pleased to present 6TH & Olive, an 18-unit multifamily offering situated at the cusp of Southern California's iconic Balboa Park. The uniquely positioned dual corner parcels at 528 Olive Street & 2820 6th Avenue create a distinctive cottage-style residential enclave in one of San Diego's most established and affluent urban neighborhoods, offering a living environment that stands in stark contrast to the area's growing inventory of large-scale apartment developments. Positioned directly across from Balboa Park and within walking distance of Bankers Hill & Hillcrest's dining and entertainment district and Downtown San Diego, the property benefits from an exceptional location that continues to attract residents seeking an urban lifestyle that still honors neighborhood character & charm. The Bankers Hill/Hillcrest corridor has experienced substantial investment in recent years, with numerous luxury and ultra-luxury apartment communities reinforcing the strength of the rental market and supporting long-term rent growth. Unlike conventional multifamily assets, 6TH & Olive offers investors the opportunity to acquire a dual parcel property with architectural charm, a highly desirable low-density cottage-style layout, and meaningful value-add upside. The property's unit mix includes six studio units averaging approximately 490 square feet and twelve one-bedroom/one-bathroom units averaging approximately 671 square feet, offering a practical floor plan composition tailored to the area's renter base.
Location
State CA
County San Diego
Area Metro Uptown
Direction Property is fully occupied. Please contact listing agent: Jamison Wheeler Jamison.Wheeler@marcusmillichap.com (858) 373-3216
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Others
Senior Community No
Tax ID 45266403 452664040
Read Less Info
Listed by Austin Huffman, DRE#01981817 Marcus & Millichap
Nearby School & Business
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