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1105-1111 Sutter St

4,056 SF 100% Leased Retail Building San Diego, CA 92103 £1,843,450 (£454/SF) 3.61% Net Initial Yield

Investment Highlights

  • Large 2 Bed and Commercial Units; Common Laundry
  • Large Rear Patio & Picnic Area, 13,021 Sq Ft Lot
  • (1) Salon (2) 2Bed/1Bath & (3) 1Bed/1Bath Units
  • Market 6.2% Cap Rate & 11.5 GRM

Executive Summary

1105-11 Sutter Street is a 6-unit mixed use property located in Mission Hills. The property consists of 2 structures totaling approximately 4,470 square feet situated on a large 13,021 square foot lot connecting to a canyon. There is large, common patio area with picnic tables and a basketball hoop below the structures as well as multiple decks. The unit mix features an approximately 1000 square foot commercial space, two large 900-1000 square foot 2 Bedroom / 1 Bathroom units as well as three 1 Bedroom / 1 Bathroom units.
Mission Hills has some of the highest home prices in the city of San Diego with most properties being single family or boutique retail. Mission Hills is located just south of the San Diego River valley and north of downtown San Diego, overlooking Old Town and San Diego Bay. It was subdivided on January 20, 1908 as a smaller portion of what is now referred to as Mission Hills. The City of San Diego describes Mission Hills as being the area north of Horton Avenue, South of Mission Valley, West of Goldfinch Street and Reynard Way, and East of the Old Town community area. Mission Hills is part of the 92103 zip code area. It is part of the Uptown community planning area.
The area is primarily residential, with some small shops and restaurants. The area was developed in the early 20th century and most of the houses are still from that era, often carefully preserved and restored. Homes there were also often designed by San Diego’s premier architects.
The main business streets are University Ave. and Washington St. Other major streets are Ft. Stockton Dr. and Sunset Blvd. Cross streets are named for birds, in alphabetical order from Albatross to Lark. Mission Hills contains two historic districts recognized by the City of San Diego

Attachments

Sutter St_Nmq OM

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,056 SF
Building Class
C
Year Built
1930
Price
£1,843,450
Price Per SF
£454
Net Initial Yield
3.61%
NOI
£66,484
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.27
Lot Size
0.34 AC
Zoning
6
Parking
1 Space (0.24 Spaces per 1,000 SF Leased)
Frontage
86 ft on Sutter St
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Vons
Starbucks
U.S. Bank
Jazzercise
Mission Federal Credit Union
Anytime Fitness
Luna Grill
Peet's Coffee
Cb&t-california Bank & Trust
L & L Hawaiian Barbecue

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
451-173-07
Land Assessment
£80,543
Improvements Assessment
£71,671
Total Assessment
£152,214
  • Listing ID: 34398013

  • Date on Market: 07/01/2025

  • Last Updated:

  • Address: 1105-1111 Sutter St, San Diego, CA 92103

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