Encanto Homes with Mixed Use Subtype

Welcome to Encanto, a vibrant neighborhood nestled in the heart of San Diego, California! Known for its rich cultural diversity and community spirit, Encanto offers a unique blend of urban convenience and suburban charm. With its picturesque streets, lush parks, and a variety of local businesses, this area is perfect for those seeking a balanced lifestyle.

Encanto is strategically located just a short drive from downtown San Diego, making it an ideal spot for commuters and city lovers alike. The neighborhood is well-connected by public transportation, providing easy access to the bustling city while maintaining a tranquil suburban atmosphere. Residents enjoy the benefits of nearby amenities, including shopping centers, schools, and recreational facilities, ensuring that everything you need is within reach.

One of the standout features of Encanto is its homes with a mixed-use subtype. These properties are designed to cater to a modern lifestyle, allowing residents to live, work, and play all in one place. Imagine stepping out of your front door to find a café, boutique, or even a small office space just a few steps away! This innovative approach to living not only enhances convenience but also fosters a sense of community, as neighbors can easily connect and engage with one another.

Whether you’re a first-time homebuyer or looking to invest in a property that offers both residential and commercial potential, Encanto’s mixed-use homes provide an exciting opportunity. Experience the best of San Diego living in this dynamic neighborhood, where your dream home awaits amidst a thriving community. Discover Encanto today – where life meets opportunity!

Newest Encanto Homes with Mixed Use Subtype

$1,099,000

260017358SD MLS ⋅ Active Status

Rare opportunity to acquire a five-unit apartment investment with immediate cash flow, value-add potential, and flexible long-term strategies. Situated on a prominent corner parcel with Commercial CC-4-5 zoning within a Transit Priority Area, the property offers multiple paths to increase value in one of San Diego's strongest rental markets. Convert the lower level back to retail, office space, salon, personal services and retain the tenants upstairs. Perfect for small business owners as a live/work space. Or maximize income through rental stabilization while creating plans for a mixed-use redevelopment project. The property currently features two tenant occupied 2-bedroom/1-bath apartments on the second floor, two tenant occupied 1-bedroom/1-bath apartments on the main level, and one vacant studio on the first floor, providing immediate lease-up potential. Current income is supported by long-term tenancy, while below-market rents offer significant opportunity for future growth. (see suppl) Additional income potential includes an owner-owned coin-operated laundry room and four storage rooms that may be leased separately to increase cash flow. Six off-street parking spaces and a shared rear courtyard with pergola. Prior to residential use on the main level, there was a construction office and hair salon, so the new owner could potentially convert back to retail space. The upper-level units feature private exterior entrances, while the lower level offers convenient ground-floor access. Commercial CC-4-5 zoning and the property's location within a Transit Priority Area provide added flexibility for investors seeking long-term appreciation and future redevelopment potential. Buyers are encouraged to verify all zoning, permitted uses, and development opportunities with the City of San Diego. Conveniently located with quick access to Downtown San Diego, major freeways, public transportation, shopping, dining, and employment centers, this is a compelling opportunity for investors seeking stable in-place income with meaningful upside through lease optimization, additional ancillary income, and long-term strategic positioning.

6945 Imperial Ave, Encanto

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