2611 Adams Ave, Normal Heights, CA 92116

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List Price
$3,895,000
Price Change
▼ $600,000 1793836946
Days on Market
42
Status
ACTIVE
MLS#
NDP2608921
Lot Size(apprx.)
7,009
City
Normal Heights
Neighborhood
University Heights/North Park
Property Type
Multifamily

Property Description

$600,000 PRICE REDUCTION! 6% INTEREST-ONLY SELLER FINANCING AVAILABLE WITH $1,500,000 DOWN. Now offered at $3,895,000, this fully renovated North Park mixed-use income property features 10 furnished hotel suites currently operated by ownership and a newly executed restaurant lease with expansive outdoor patio. Seller will consider carrying approximately $2,395,000 at 6% interest-only, with estimated payments of $11,975/month. Fully renovated down to the studs in 2025 and located along the highly desirable Adams Avenue Corridor. Financing subject to seller approval, buyer qualification and mutually agreed terms. Buyer to verify all financial and property information. $600,000 PRICE REDUCTION! 6% INTEREST-ONLY SELLER FINANCING AVAILABLE WITH $1,500,000 DOWN. Now offered at $3,895,000, this fully renovated North Park mixed-use income property features 10 furnished hotel suites currently operated by ownership and a newly executed restaurant lease with expansive outdoor patio. Seller will consider carrying approximately $2,395,000 at 6% interest-only, with estimated payments of $11,975/month. Fully renovated down to the studs in 2025 and located along the highly desirable Adams Avenue Corridor. Financing subject to seller approval, buyer qualification and mutually agreed terms. Buyer to verify all financial and property information.

Additional Information

Lot Size
7,009
Neighborhood
University Heights/North Park

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Listing courtesy of Listing Agent: Eric von Bluecher (760-929-7846) from Listing Office: Lee & Associates.

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