University Heights/North Park Real Estate

University Heights/North Park Real Estate

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Newest Listings in University Heights/North Park

$1,098,000
3 Beds 2 Baths 260016813 MLS ACTIVE Status
"University Heights Roots, North Park Soul." WHAT WE LOVE: 2036 Lincoln Ave brings together the pieces North Park buyers are usually forced to chase separately: classic character, a coveted location, and the kind of livability they hope someone else already handled. Perched above the street with a light filled front corner window, original small plank wood floors, and timeless bungalow soul, this home has the warmth and personality people love about North Park, with the updates and usability that are much harder to come by. The kitchen has been opened and optimized with updated counters, backsplash, cabinetry, breakfast bar seating, and stainless-steel appliances. The floor plan lives better than expected, with expanded living space, flexible bedrooms, an upgraded hall bath, and a generous primary suite with a large bath, soaking tub, separate vanity, and walk in closet. Out back, the private yard adds another layer of everyday livability with turf, flagstone, privacy fencing, pergola structure, pavers, and room to actually spend time outside. Add in dual pane windows in most rooms, recessed lighting, shutters, HVAC, a pavered driveway, and a dedicated laundry and utility room, and this becomes a rare blend of North Park character and modern day ease. WHAT WE LOVE (CONT...): What makes this pocket feel special is the way the home sits within the broader North Park story. You are surrounded by classic bungalow blocks, elevated lots, and real neighborhood texture, with quick access to the energy of North Park, nearby Hillcrest, and park space close by. The front of the home has a great sense of perch and light, especially from the corner window that looks out over the street, while the backyard creates a quieter private landing spot on the other end. It is the kind of home that feels connected to the neighborhood, but still gives you useful everyday spaces to retreat, gather, work, host, or simply live well.

2036 Lincoln, North Park

$4,495,000
NDP2601764 MLS ACTIVE Status
The Von Bluecher Group at Lee and Associates is proud to present 2611 Adams Avenue, San Diego Multifamily Investment Property, a fully rebuilt 2025 mixed use apartment building investment located in the heart of North Park along the highly desirable Adams Corridor. This San Diego multifamily and mixed use investment offers diversified income from a stabilized restaurant lease and 10 fully furnished luxury boutique suites, delivering strong in place cash flow in one of the most walkable and supply constrained neighborhoods in San Diego. The property sits on a 7,009 square foot lot with approximately 3,360 square feet of total building area and includes five on site parking spaces. The building was rebuilt from the ground up in 2025 with modern construction, open floor plans, and high end interior and exterior finishes. Multifamily and Mixed Use Investment Highlights The residential component includes 10 fully furnished luxury boutique suites totaling approximately 2,330 square feet. Six units are approximately 285 square feet and four units are approximately 155 square feet. Each suite features a private bathroom, wet bar amenities, and modern finishes, making the property ideal for short term rental, corporate housing, extended stay, or traditional multifamily configurations. The luxury suites are projected to generate approximately $26,215 per month at an 80 percent average occupancy rate, reflecting strong demand for furnished housing in North Park and the Adams Corridor. The commercial component includes a 1,030 square foot tap room with a full bar, walk in refrigerator, The Von Bluecher Group at Lee and Associates is proud to present 2611 Adams Avenue, San Diego Multifamily Investment Property, a fully rebuilt 2025 mixed use apartment building investment located in the heart of North Park along the highly desirable Adams Corridor. This San Diego multifamily and mixed use investment offers diversified income from a stabilized restaurant lease and 10 fully furnished luxury boutique suites, delivering strong in place cash flow in one of the most walkable and supply constrained neighborhoods in San Diego. The property sits on a 7,009 square foot lot with approximately 3,360 square feet of total building area and includes five on site parking spaces. The building was rebuilt from the ground up in 2025 with modern construction, open floor plans, and high end interior and exterior finishes. Multifamily and Mixed Use Investment Highlights The residential component includes 10 fully furnished luxury boutique suites totaling approximately 2,330 square feet. Six units are approximately 285 square feet and four units are approximately 155 square feet. Each suite features a private bathroom, wet bar amenities, and modern finishes, making the property ideal for short term rental, corporate housing, extended stay, or traditional multifamily configurations. The luxury suites are projected to generate approximately $26,215 per month at an 80 percent average occupancy rate, reflecting strong demand for furnished housing in North Park and the Adams Corridor. The commercial component includes a 1,030 square foot tap room with a full bar, walk in refrigerator, storage areas, and indoor dining space. The combined square footage of the tap room and outdoor patio totals approximately 3,500 square feet, creating a vibrant indoor outdoor hospitality environment. The restaurant space is leased at $15,000 per month NNN and is anchored by Una Mas on Adams and Gold Soul Craft Coffee, generating consistent activity and neighborhood traffic. Investment Profile Approximately $41,215 per month in combined income 6.36 percent cap rate 9.09 GRM Ground up rebuild completed in 2025 Potential AB1482 exemption associated with newer construction *Some income and expense metrics are projected and/or estimated, buyer to verify and conduct their own due diligence. This North Park apartment building investment benefits from strong neighborhood demand, steady foot traffic, and proximity to restaurants, breweries, retail, and parks. Adams Avenue continues to attract private capital and 1031 exchange buyers seeking stabilized San Diego multifamily and mixed use investment opportunities. Multiple financing options may be available, including traditional bank financing, SBA financing, hard money, and potential seller financing for qualified buyers. For additional information, financials, or a confidential property valuation for your own San Diego multifamily investment, please contact The Von Bluecher Group at Lee and Associates.

2611 Adams Ave, Normal Heights

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