691 West Cedar Street

San Diego, CA 92101

$2,795,000
Price
4
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

We are pleased to present for sale the Cedar Lofts, a three unit property located in the heart of the thriving Little Italy neighborhood of San Diego. Cedar Lofts was designed and built by renowned architect Jonathan Segal in 1998 as part of his Kettner Row project which features 16 modern rowhomes situated on a beautiful tree-lined street. Located on the South East corner of Kettner Blvd and Cedar St, Cedar Lofts is the best located unit of the entire Kettner Row project, receiving superior natural...We are pleased to present for sale the Cedar Lofts, a three unit property located in the heart of the thriving Little Italy neighborhood of San Diego. Cedar Lofts was designed and built by renowned architect Jonathan Segal in 1998 as part of his Kettner Row project which features 16 modern rowhomes situated on a beautiful tree-lined street. Located on the South East corner of Kettner Blvd and Cedar St, Cedar Lofts is the best located unit of the entire Kettner Row project, receiving superior natural lighting and visibility. The unit mix features three modern-style units with two 1 Bed / 1 Bath multilevel ground floor units and one 2 Bed / 1 Bath upstairs unit that serves as the “owner’s unit.” All units are loft style and feature premium finishes with exclusive entry, large patios and balconies, tall ceilings and oversized windows offering plenty of natural lighting. Cedar Lofts is located in the CCPD-NC mixed use zone, allowing for many difference commercial uses, including retail, eating and drinking establishments, hotels and many others. The three units could even be combined to make one larger unit. All three units are currently operated as short-term rentals producing over $16,000 per month in gross revenue.
  1. Listed by Nate Pepper • DRE #01993739 • Brokerage DRE #00950210 • CBRE

Property Details for 691 West Cedar Street

Cross Streets
Kettner Blvd
Area
San Diego (City) (SD)
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
533-327-01-00
LISTING UPDATED: 11/19/2024 11:12 AM

Property Details for 691 West Cedar Street

StatusActive
MLS #240022256SD
Days on Market62
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1998
Lot Size-
CountySan Diego County

Building Information for 691 West Cedar Street

Stories2Residences-Year Built1998Building Size-Lot Size-

Property Information for 691 West Cedar Street

Community / Development
Community / Development
  • Complex Name: Kettner Row
  • Number Of Units: 3
  • Amenities: Assoc Barbecue, BBQ
  • Builders Tract Name: Little Italy
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: Gated
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $80,109.00
  • Gross Scheduled Income: $222,000
  • Cap Rate: 2.87%
  • Gross Rent Multiplier: $12.59
  • Other Income1: $.00
  • Total Annual Expense: 141891
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Parking Details
Parking Details
  • Parking Garage: Garage, On-Site Parking, Rv Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Central Forced Air
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Gate
Lease Terms
Lease Terms
  • Listing Terms: Cash
  • Tenant Pays: None

Property History for 691 West Cedar Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 691 West Cedar Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Charter - K to 8
Rating
School
Distance
Washington Elementary School
PublicK to 5

Roosevelt International Middle School
Public6 to 8

King-Chavez Community High School
Charter9 to 12

Museum
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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691 West Cedar Street is a multi-family home for sale in San Diego, CA 92101. This property was listed for sale on September 19, 2024 by CBRE, it's currently listed at $2,795,000. This listing's school district is San Diego Unified School District. Nearby schools include Washington Elementary School, Roosevelt International Middle School and King-Chavez Community High School. 691 West Cedar Street is a 4-bed, 3-bath, multi-family home built in 1998.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE, Nate Pepper, DRE #01993739

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