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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
20081398
20081399

190 Calle Primera, San Diego, CA 92173

Hilco Global
Listed by Hilco Global
Unpriced
626 days on market
Updated 149 days ago

Affordable Housing Adaptive Reuse Opportunity

Details
APN 666-170-40
Property Type Hospitality
Sub Type Motel
Square Footage 19,440
Keys 70
Year Built 1975
Year Renovated 2004
Buildings 4
Stories 2
Acreage 1.210
Zoning CC-2-1

Corner Lot on 1.21± Acres

Marketing description

This site, located in San Ysidro, is an excellent opportunity for a non-profit, tribal group, developer or private investor to execute the prior ownership’s business plan, with a possibility of utilizing California state agency grant program funding.

Originally awarded a $24M grant, a qualified buyer may be able to access the remaining funds originally granted to this project for CapEx improvements/ renovations and operating funds for onsite services.

Pre-qualification of potential buyers for this site and these grant funds will be determined by a state agency. The purpose of the associated state grant is to provide housing and caregiving support to older adults with disabilities experiencing, or at risk of experiencing, homelessness.

The property currently consists of four, two-story buildings built in 1975 and renovated in 2004, with 71 units and surface parking spaces. Previous ownership intended on converting the property to a permanent affordable supportive housing project. It planned on a total net rentable project of 18,000± SF consisting of 70 studio units and a one-bedroom manager’s unit.

Hilco Real Estate CA, Inc. License ID 02104676.

Investment highlights

Easy access to two major interstates (I-5 & I-805)

Potential government funding available depending on use

Listing Contacts

Hilco Global
Listed by Hilco Global

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