About 2611 Adams Avenue
7.1% CAP | SELLER FINANCING AVAILABLE. Rare North Park income property located along the highly desirable Adams Avenue Corridor. Offered at $4,495,000 with approximately $319,000 NOI based on current underwriting. Fully renovated down to the studs in 2025, the property features 10 furnished hotel suites leased to a single operator plus a separately leased restaurant / hospitality component. Commercial space is leased at $15,000/month on a long-term NN lease through August 2035 with 3% annual rent increases and additional percentage-rent potential. Property offers a low-maintenance operating structure with many expenses paid by the respective tenants/operators. Prime walkable North Park location, approximately 5 on-site parking spaces and expansive indoor/outdoor commercial space. Ideal 1031 exchange opportunity. Seller financing available to qualified purchasers. Potential leaseback / owner-operator flexibility. Beer & wine license may be available separately in connection with the sale, subject to transferability and applicable approvals. Buyer to verify all information.
Features of 2611 Adams Avenue
| MLS® # | NDP2608921 |
|---|---|
| Price | $4,495,000 |
| Bathrooms | 0.00 |
| Acres | 0.16 |
| Year Built | 2025 |
| Type | Residential Income |
| Status | Active |
Community Information
| Address | 2611 Adams Avenue |
|---|---|
| Area | 92104 - North Park |
| City | San Diego |
| County | San Diego |
| Zip Code | 92116 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | ZeroToOneUnitAcre |
|---|
Additional Information
| Date Listed | September 24th, 2026 |
|---|---|
| Days on Market | 5 |
| Zoning | Commercial. Buyer to veri |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Eric Von Bluecher |
|---|---|
| Office | Lee & Associates |