203-561-8737
190 E Calle Primera, San Diego, CA for Sale
Hospitality - FOR SALE
1/3
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190 E Calle Primera
San Diego, CA 92173


HIGHLIGHTS

  • Easy access to two major interstates (I-5 & I-805)
  • Potential government funding available depending on use

OVERVIEW

Bid Deadline: November 20 by 5:00 p.m. (PT) 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.

FOR SALE DETAILS

PRICE

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# OF ROOMS

70

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Affordable Housing Redevelopment Opportunity

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

CC-2-1

APN/PARCEL ID

666-170-40

ASK ABOUT THIS PROPERTY

Jonathan CuticelliHilco Real EstateMore Info
203-561-8737

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Jonathan CuticelliHilco Real EstateMore Info
203-561-8737

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.