1926 Fortuna Ave

San Diego, CA 92109

$3,720,000

List Price

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Property Description

Nestled within the vibrant Crown Point neighborhood of San Diego, California, lies 1926-1942 Fortuna Avenue, a strategically positioned residential apartment complex comprising eight apartment units. Situated just a block away from the picturesque Mission Bay and a mere 1.5 miles from the sandy shores of Pacific Beach, this property boasts a prime location. With four out of the eight units completely renovated and successfully achieving market rents, there is a compelling opportunity to capture the rest of the value-add potential. Completing the renovation of the remaining four (4) units present an exciting prospect for further enhancement, allowing the property to realize its maximum value. Additionally, there is the attractive possibility of integrating accessory dwelling units into the project, thereby increasing its income-generating capabilities.

Listing Information

List Price $3,720,000
Status Active
MLS 240021937SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size N/A
Structure Size N/A
Courtesy Of Ray Adams Investment Real Estate Inc
Listing Agent Ray Adams DRE#00989238

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Ray Adams, Ray Adams Investment Real Estate Inc . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 16th, 2024 at 7:20 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.