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5053-61 Churchward Street

San Diego, CA 92113
  • $1,650,000
  • STATUS: ACTIVE
  • ON SITE: 26 Days
  • ID#: 250001498
UPDATED: 28 min ago
$1,650,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,575
    SQFT
  • $361
    $/SQFT
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

First time offered in 50 years. Two story high visibility building that is fully rented with solid long term tenants including neighborhood market downstairs along with upstairs independent living facility. Wide range of exciting development opportunities due to very friendly multi-use zoning of CN-1-3 which allows for a myriad of commercial/residential ventures including up to FIVE residential units above/behind existing retail store. Located in the Transit Priority Area, Sustainable Development Area, Business Improvement District and Complete Communities Housing Solutions Area which increases the potential FAR from 1 to 6.5! Parcel being 60ft wide and nearly 9,000 sf. in total allows for complete build out. Also located in Opportunity Zone which may have favorable tax consequences. Tenants pay all utility bills and 65% of property tax. Sweeping southwesterly views from upstairs decking and balcony. Total gross monthly income $7,343.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/159549484
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5053-61 Churchward Street San Diego, CA 92113

  • Price: $1,650,000
  • Status: ACTIVE
  • On Site: 26 Days
  • Updated: 28 min ago
  • ID#: 250001498
0
Beds
0
Baths
0
½ Baths
0.2
Acres
4,575
SQFT
$361
$/SQFT
Neighborhood:
Logan Heights (92113)
County:
San Diego
Area:
Logan Heights (92113)
Property Description
First time offered in 50 years. Two story high visibility building that is fully rented with solid long term tenants including neighborhood market downstairs along with upstairs independent living facility. Wide range of exciting development opportunities due to very friendly multi-use zoning of CN-1-3 which allows for a myriad of commercial/residential ventures including up to FIVE residential units above/behind existing retail store. Located in the Transit Priority Area, Sustainable Development Area, Business Improvement District and Complete Communities Housing Solutions Area which increases the potential FAR from 1 to 6.5! Parcel being 60ft wide and nearly 9,000 sf. in total allows for complete build out. Also located in Opportunity Zone which may have favorable tax consequences. Tenants pay all utility bills and 65% of property tax. Sweeping southwesterly views from upstairs decking and balcony. Total gross monthly income $7,343.
Exterior Features

Alley Access No Construction BlockConcreteFrameStucco Location Free StandingRemarks Lot Dimensions Approx 60x150 Neighboring Business Type1 Commercial - Legal Aid Society Parking On SitePrivatePublicOther/Remarks Parking Free Form Private stalls and driveway Roof CompositionOther/Remarks

Interior Features

Cooling Other Estimated Square Feet 4575 Floors SlabWood Heating Other/Remarks Private Restrooms 1 Restrooms 1 Sq Ft Of Improvement 4575 Sq Ft Per Floor1 3000 Sq Ft Per Floor2 1575 Stories 2 Story Unit Size1 3000sf Unit Size2 1575sf Vacant Sq Ft 0

Property Features

Actual Gross Scheduled Income 88116.0 Actual Operating Expense 0 Assumable Finance 0 Building Amenities 2 story. Down is local market. Up is independent living Buildings 1 Commercial Property Type Retail Sale Common Area Maintenance Tenants Existing Financing Clear Financial Information Source Owner Have Favorable Zoning/CashFlow Lease Expires1 08/01/2034 Lease Expires2 12/31/25 Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 7343 Monthly Rent1 4653 Monthly Rent2 2700 Motive Want Retirement Occupancy Percent 100 Overall Percent Vacant 0 Present Loan 0 Property Type Mixed UsageRetail Sale Includes BuildingLandLeasesLicenses/PermitsOther/Remarks Sales Restrictions Call AgentOther/Remarks Short Sale No Sq Ft Source OwnerTax Record Tenant Pays ElectricGasInsuranceMaint/RepairsTaxesTrashWaterOther/Remarks Terms CashCash to New LoanOther/Remarks Unit Number1 Store Unit Number2 Indep Zoning CN-1-3

San Diego MLS logo Listing provided courtesy of Jim Jollett of James Jollett Realty: 619-405-5971. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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