Prime Commercial & Apartment Building in point Loma

Prime Point Loma Village Location

Rare opportunity to own a prime Commercial-Multifamily property on the corner of Rosecrans & Ingelow in Point Loma Village.

Property Descriptions

The property consists of two parcels. The first parcel, (530-752-09 located at 1537 Rosecrans St, features 8 units. On the second level, there are 4 apartments with 2 bedrooms and 1 bathroom each. On the first level, there are 4 office suites. This parcel is situated on a 10,000 square foot corner lot with 100 feet of frontage on Rosecrans. It is zoned as CC-4-2 Parking: There are 10 onsite parking spaces available for the 1537 Rosecrans St parcel.
The second parcel, located at 2929-33 Ingelow St, consists of 3 units. There are 2 apartments with 1 bedroom and 1 bathroom each, and one apartment with 2 bedrooms and 1 bathroom. This parcel is situated on a 5,000 square foot lot and is zoned as CC-4-2/RM-3-7. Parking for the Second Parcel: The second parcel offers 2 single-car garages and 5 parking spaces
11 UNITS In total, both parcels cover 15,000 square feet of land zoned CC-4-2/RM-3-7 Zoning Advantage: The property is in a "Complete Communities Zone Density," which may offer development opportunities in accordance with zoning regulations.
Value-Add Opportunity: Potential to increase rental income. This can be achieved through strategies such as raising rents, implementing a Ratio Utility Billing System (RUBS), or converting the garages to studios or accessory dwelling units (ADUs). Buy and hold with increase cash flow and/or hold for future development.

Point Loma Mix-use building located on Rosecrans and Ingelow Street

The property is located in the heart of Point Loma, a highly desirable neighborhood in San Diego known for its coastal charm and vibrant community. Point Loma is home to the world’s largest and most technologically advanced year-round Sportfishing fleet.
The area is surrounded by a variety of local amenities and attractions. Just a short distance away is Liberty Station, a former naval training center that has been transformed into a thriving mixed-use development with shops, restaurants, art galleries, and parks. Additionally, the property is close to Shelter Island, Americas Cup Harbor, and two blocks from San Diego Bays Sport fishing fleet and popular waterfront destinations with marinas, hotels, and scenic walking paths.
The property benefits from its proximity to major transportation routes. Rosecrans Street is a well-traveled thoroughfare that provides easy access to downtown San Diego, the airport, and various other neighborhoods. Additionally, Interstate 5 and Interstate 8 are just a short drive away, allowing for convenient commuting to different parts of the city. 1.2 miles to San Diego International Airport & 4.5 miles to Downtown San Diego
Point Loma is also known for its outdoor recreational opportunities. The area boasts several beautiful beaches, such as Kellogg Beach, Bessemer beach in La Playa and Shelter Island where residents and visitors can enjoy activities like sailing, paddle boarding, swimming, and sunbathing. The nearby Cabrillo National Monument offers stunning views of the ocean and is a popular spot for hiking and exploring.