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$247,000
1 Beds 1 Baths NDP2602921 MLS Active Status
Villa Sao Miguel. 1 Bedroom, 1 Bath, 378 s.f. 3rd floor south facing condo with view located in the 55+ senior community of Villa Sao Miguel. Centrally located on the western edge of North Park, close to Hillcrest and the Morley Field area of Balboa Park. Close to historic classic home neighborhood, shopping, dining, recreation, etc. Nearby Morley Field area of Balboa Park offers swimming and tennis just a few blocks away and easy access to Balboa Park via south on Alabama Street. Wood style laminate flooring throughout, new refrigerator, new faux-wood horizontal blinds, and newer bathroom vanity. Grab bar in bath. Community Amenities: Elevator access, community Laundry Room, Billiard Room, Craft Room, Library, Room Fitness Room, and Community Room for events. Multiple indoor and outdoor sitting areas, Private off street parking (1 unassigned space, first come first served), 1/2 block to public transit. HOA is $403/month includes: water, trash, sewer, common grounds maintenance, landscape maintenance, building maintenance, limited insurance, pest control.

3796 Alabama Street Unit 311, San Diego

$260,000
1 Beds 1 Baths PTP2601898 MLS Active Status
Nestled in the heart of North Park’s beloved 55+ community, Villa Sao Miguel offers the perfect blend of comfort, convenience, and vibrant urban living. This beautifully updated top-floor corner residence provides rare privacy with only one shared wall and no neighbors above, creating a peaceful retreat just moments from everything North Park has to offer. Inside, the thoughtfully designed open-concept layout feels bright, airy, and surprisingly spacious. The remodeled kitchen features modern cabinetry, sleek finishes, and a stylish breakfast bar that flows seamlessly into the living area, making the home ideal for both quiet mornings and casual entertaining. A clever pocket door separates the bedroom from the living space, offering flexibility and added privacy when desired. The updated bathroom has been tastefully renovated with contemporary tile, upgraded fixtures, and a spacious walk-in shower complete with safety grab bars for comfort and ease. Additional highlights include wood-style laminate flooring throughout, elevator access, and the convenience of a low-maintenance lifestyle in a welcoming senior community. Residents of Villa Sao Miguel enjoy an array of amenities designed for connection and relaxation, including: • Fitness room • Library and craft room • Billiards room • Community gathering spaces • Multiple indoor and outdoor seating areas • Community laundry facilities • Elevator access throughout the building Located directly on the bus line and just minutes from Balboa Park, this home places you close to renowned dining, charming cafés, local boutiques, grocery stores, and the energetic culture that makes North Park one of San Diego’s most desirable neighborhoods. Whether you’re seeking simplicity, community, or the perfect San Diego lifestyle, this inviting residence delivers it all in one charming package.

3796 Alabama Street Unit 321, San Diego

$4,495,000
NDP2601764 MLS Active Status
The Von Bluecher Group at Lee and Associates is proud to present 2611 Adams Avenue, San Diego Multifamily Investment Property, a fully rebuilt 2025 mixed use apartment building investment located in the heart of North Park along the highly desirable Adams Corridor. This San Diego multifamily and mixed use investment offers diversified income from a stabilized restaurant lease and 10 fully furnished luxury boutique suites, delivering strong in place cash flow in one of the most walkable and supply constrained neighborhoods in San Diego. The property sits on a 7,009 square foot lot with approximately 3,360 square feet of total building area and includes five on site parking spaces. The building was rebuilt from the ground up in 2025 with modern construction, open floor plans, and high end interior and exterior finishes. Multifamily and Mixed Use Investment Highlights The residential component includes 10 fully furnished luxury boutique suites totaling approximately 2,330 square feet. Six units are approximately 285 square feet and four units are approximately 155 square feet. Each suite features a private bathroom, wet bar amenities, and modern finishes, making the property ideal for short term rental, corporate housing, extended stay, or traditional multifamily configurations. The luxury suites are projected to generate approximately $26,215 per month at an 80 percent average occupancy rate, reflecting strong demand for furnished housing in North Park and the Adams Corridor. The commercial component includes a 1,030 square foot tap room with a full bar, walk in refrigerator, storage areas, and indoor dining space. The combined square footage of the tap room and outdoor patio totals approximately 3,500 square feet, creating a vibrant indoor outdoor hospitality environment. The restaurant space is leased at $15,000 per month NNN and is anchored by Una Mas on Adams and Gold Soul Craft Coffee, generating consistent activity and neighborhood traffic. Investment Profile • Approximately $41,215 per month in combined income • 6.36 percent cap rate • 9.09 GRM • Ground up rebuild completed in 2025 • Potential AB1482 exemption associated with newer construction *Some income and expense metrics are projected and/or estimated, buyer to verify and conduct their own due diligence. This North Park apartment building investment benefits from strong neighborhood demand, steady foot traffic, and proximity to restaurants, breweries, retail, and parks. Adams Avenue continues to attract private capital and 1031 exchange buyers seeking stabilized San Diego multifamily and mixed use investment opportunities. Multiple financing options may be available, including traditional bank financing, SBA financing, hard money, and potential seller financing for qualified buyers. For additional information, financials, or a confidential property valuation for your own San Diego multifamily investment, please contact The Von Bluecher Group at Lee and Associates.

2611 Adams Avenue, San Diego

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.