400 Ash St, San Diego, CA 92101

Property Description

8 unit residential property with mostly large two and one bedroom units 800-1000 sf each. Desirable location between Cortez Hill and Little Italy. Current rental rates are very low. Excellent cash flow at market rental rates. Charming property with views of the city. Large roof deck. High ceilings. Hard wood flooring. Vintage moulding. Also, the property was operated as medical office previously. Gross building size approximately 7,200 sq. ft. Please drive by discreetly without disturbing the residents. The Hearne Surgical Hospital was built in Downtown San Diego in 1906 by the great Dr. Joseph Carter Hearne. Over the years, the building has been adapted for many different uses including Care Facilities, Hotels, and even as Offices. Today, the historic Dr. Hearne Building is operating as a unique 8 unit apartment building. In its current use, the property offers an investor a great unit mix of large 2 bedroom, 1 bedroom, and studio units in one of San Diego' s hottest rental markets. Downtown San Diego is the epicenter of business and culture for the City of San Diego. Excellent restaurants, lounges, bars, farmers markets, parks, museums, Petco Park and other community amenities are only a few of the benefits residents enjoy by living in the Downtown area. Moreover, Downtown San Diego has easy access to the Interstate 5, Interstate 8, Highway 163, and Highway 94 making it a great residence for tenants who must commute to other areas across San Diego County.