19
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$7,125,000
Est. payment /mo
7,738 SqFt
New
1561-1575 9th Ave San Diego, CA 92101
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Key Details
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 7,738 sqft
Price per Sqft $920
MLS Listing ID 250040754
Property Sub-Type Com-Res Income
Property Description
The Wilson Apartments represent a rare opportunity to acquire a prime development site in San Diego's historic Cortez Hill District, one of Downtown's most desirable residential neighborhoods. The offering consists of two parcels totaling 15,000 square feet at the top of Cortez Hill, located at 1560–1572 10th Avenue and 1561–1575 9th Avenue, San Diego, CA 92101. The existing improvements include five multifamily buildings constructed circa 1930, comprising 13 rental units with a total rentable square footage of 7,738. There are nine units across two apartment buildings on 9th Avenue (ten 1BR/1BA, one 2BR/1BA, and two studios/1BA), along with four units within three cottages along 10th Avenue, including one duplex cottage. The property also includes 12 parking spaces, with nine open stalls and three garages. These character-rich buildings generate immediate rental income and provide investors with flexibility — either to enhance the existing apartments as a value-add opportunity or to hold as a true covered land play while entitling and planning for future redevelopment. The property is zoned CCPD-R, which permits multifamily residential uses with a maximum FAR of 8.0. It is also located within the Complete Communities District, where FAR limits are effectively waived, further enhancing redevelopment potential. Recent trends in Uptown and Downtown San Diego have seen the razing of older improvements for high-rise apartment projects, reflecting strong demand for infill sites in this submarket.
Location
State CA
County San Diego
Area Metro Central
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Tax ID 53402301 5340231
Listed by Bill Anderson Acre Investment Real Estate
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