Old Town Triangle
Mixed Use | 4.65% CAP | 12,948 SqFt
Marketing description
Intersection is pleased to present qualified investors with an investment opportunity encompassing two adjacent properties located at 2367-2391 San Diego Avenue and 3961-3969 Arista Street. This mixed-use property offers a unique opportunity to invest in a well-located asset with diverse income streams. Offering a combination of award-winning restaurants, retail, and residential components provide stability and growth potential. With its strategic location and strong market demand, this property is positioned to deliver robust returns and long-term value.
Investment highlights
Prime Location
Situated in the heart of Old Town, the property is strategically located in one of San Diego's top tourist destinations, offering strong visibility and foot traffic.
• Situated Between Two Major Highways: Interstate 5 and Interstate 8
• Proximate to Major Attractions: Mission Valley, Mission Bay, Midway District, Little Italy and Downtown San Diego
Mixed-Use Flexibility
The flexible OT-CC-2-1 zoning allows for a mix of commercial (retail and office) and residential units provides diversified income streams and minimizes vacancy risks. Stable Cash Flow Currently generating steady rental income from both long-term commercial tenants and residential units with potential growth.
Value-Add Opportunity
Investors have the potential to increase cash flow through strategic upgrades, lease renewals, or repositioning of underperforming units (residential units are currently leased at 30% under market on a month-to-month basis), as well as converting existing commercial leases to NNN as they expire.
Strong Market Fundamentals
San Diego's real estate market remains strong, with growing demand for both residential and commercial space, ensuring high occupancy rates and rental growth potential.
Major Tourism Destination
Old Town is one of San Diego’s most popular destinations. Conveniently located within walking distance of a major transit center that is close to most restaurants, hotels and shops.
• Old Town Trolley Tours Voted San Diego’s Best Tour
• Whaley House Museum - America's Most Haunted House
• Harney Street Market - Every Saturday & Sunday
• Annual Events: Taste of Old Town, Dia de Los Muertos, Cinco De Mayo Mercado
Revilatization & Growth
The area is experiencing ongoing redevelopment efforts, making it a prime time to invest in properties with long-term growth potential.
Listing Contacts
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