2059 Morena Boulevard

San Diego, CA 92110

$2,100,000
Last Sold Price
6
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Unbelievable opportunity with this mixed use frontage lot on Morena Blvd! FIRST time available for sale in almost 40 years! Located directly across the Bay and Fiesta Island, walking to dining, breweries and steps away from the San Diego Trolley at Morena & Napier for USD students or for carefree trips to shopping at Fashion Valley, Downtown shopping/dining, Padres Stadium, Seaport Village, endless possibilities to effortlessly enjoy San Diego! Potential for add-on to existing buildings in rear or...Unbelievable opportunity with this mixed use frontage lot on Morena Blvd! FIRST time available for sale in almost 40 years! Located directly across the Bay and Fiesta Island, walking to dining, breweries and steps away from the San Diego Trolley at Morena & Napier for USD students or for carefree trips to shopping at Fashion Valley, Downtown shopping/dining, Padres Stadium, Seaport Village, endless possibilities to effortlessly enjoy San Diego! Potential for add-on to existing buildings in rear or above or re-build to enjoy the Bay View Sunsets as a Dining frontage, Strip mall with Shop Keep units/ADUs, Automotive Repair, or as Dormitory units for USD Student Housing and so much more. Do Note, the Dealership on 2111 Morena Blvd has recently sold to Regents Of The University Of California per current tax records, for intended redevelopment, so the future potential of this location is abundant with opportunity. Currently, the lot has 4 older units which are fully rented, rented under market value with long term tenants. 2 buildings with 2 units each: Identical buildings with front units as 2 bed 1 bath and rear units as 1 bed 1 bath & 2 car garages in the rear of each building. Currently parking available in rear of units and for additional buildable lot square footage. Alley access. This Lot is Zoned CC-4-2: Commercial-Community allowing for mixed use of community serving commercial and residential, See Attached Zoning Municipal Code in Documents. Home Inspection included in Documents (low grade due to file size).
  1. Listed by Shana Gridley • DRE #01383969 • Brokerage DRE #01418007 • Crescent Bay Properties, Inc.

Property Details for 2059 Morena Boulevard

Zoning
COMMERCIAL
Cross Streets
Napier
Area
San Diego (City) (SD)
Lot Size Area
6826
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
430-331-02-00

Location

Listing Courtesy of Crescent Bay Properties, Inc., Shana Gridley, DRE #01383969

Sold By eXp Realty of California, Inc., Kelly Gilson, DRE #01955189

Add your commute
LISTING UPDATED: 08/04/2023 11:16 AM

Property Details for 2059 Morena Boulevard

StatusSold
MLS #230007082SD
Days on Market48
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.16 AC / 6,826 SF
CountySan Diego County

Location

Listing Courtesy of Crescent Bay Properties, Inc., Shana Gridley, DRE #01383969

Sold By eXp Realty of California, Inc., Kelly Gilson, DRE #01955189

Add your commute

Building Information for 2059 Morena Boulevard

Stories1Residences-Year Built1951Building Size-Lot Size0.16 AC / 6,826 SF

Payment Calculator

$11,843 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,461

Property Taxes

$382

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2059 Morena Boulevard

Community / Development
Community / Development
  • Complex Name: 2059-2065 Morena Blvd
  • Number Of Units: 4
  • Pets Allowed: Yes
  • Builders Tract Name: Bay Park
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: Yes
  • View Description: Bay, Evening Lights
  • Security Features: None
  • Water: Meter on Property
  • Sewer: Sewer Connected
  • Water District: CITY OF SAN DIEGO
Contract Info
Contract Info
  • Financing: Conventional
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $50,800.00
  • Gross Scheduled Income: $55,800
  • Cap Rate: .00%
  • Gross Rent Multiplier: $.03
  • Other Income1: $.00
  • Total Annual Expense: 5000
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.16
  • Lot Location: Alley Access, Other/Remarks
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: None
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: None
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, Exchange
  • Tenant Pays: Electricity

Property History for 2059 Morena Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2059 Morena Boulevard

Taxable ValueLand$313,357Additions$82,455Total$395,812
Tax Record2017$4,578 ($382 / month)
Home Facts
Beds6Above Grade Finished SqFt2,280 SqFtLot Size6,599 SqFtStyleMulti-Family Dwelling (2-4)Year Built1951Year Renovated1951ZoningCCountySAN DIEGOAPN4303310200

Schools near 2059 Morena Boulevard

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

Marston Middle School
Public6 to 8

Clairemont High School
Public9 to 12

Longfellow K-8
PublicK 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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Listing Courtesy of Crescent Bay Properties, Inc., Shana Gridley, DRE #01383969

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