Description
An outstanding mixed used [residential over retail] investment opportunity in Little Italy. This property is the definition of location, location, location and is irreplaceable real estate. The subject site consists of a studio apartment over a retail clothing store. The total square footage is approximately 1,271 square feet. The studio is approximately 654 square feet and the retail store is approximately 617 square feet. The retail tenant, Bobbi Rocco, is a fashion forward, upscale clothing boutique with locations in La Jolla, Little Italy and Woodland Hills, California. The current studio rent is well below the market, offering an investor income and equity upside potential. The studio tenant is on a year lease that expires in June 2024 and then converts to a month-to-month lease. The retail tenant's lease expires at the end of December 2023 but may be interested in signing a longer term lease. Don't miss out on this rare opportunity to own a live/work investment property in one of San Diego County's most iconic submarkets - Little Italy.
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School Ratings & Info
Description
An outstanding mixed used [residential over retail] investment opportunity in Little Italy. This property is the definition of location, location, location and is irreplaceable real estate. The subject site consists of a studio apartment over a retail clothing store. The total square footage is approximately 1,271 square feet. The studio is approximately 654 square feet and the retail store is approximately 617 square feet. The retail tenant, Bobbi Rocco, is a fashion forward, upscale clothing boutique with locations in La Jolla, Little Italy and Woodland Hills, California. The current studio rent is well below the market, offering an investor income and equity upside potential. The studio tenant is on a year lease that expires in June 2024 and then converts to a month-to-month lease. The retail tenant's lease expires at the end of December 2023 but may be interested in signing a longer term lease. Don't miss out on this rare opportunity to own a live/work investment property in one of San Diego County's most iconic submarkets - Little Italy.
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