1561-75 9th Ave, San Diego, CA 92101 - MLS#250040754

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 7,125,000

Est. payment | -/mo

7,738 SqFt

Save

$ 7,125,000

Est. payment | -/mo

Save

7,738 SqFt

Key Details

Property Type Multi-Family

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 534-023-01-00

Listed by Bill Anderson Acre Investment Real Estate

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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1561-75 9th Ave San Diego, CA 92101