Encanto Homes with Mixed Use Subtype

Welcome to Encanto, a vibrant and diverse neighborhood nestled in the heart of San Diego, California. Known for its rich cultural heritage, Encanto boasts a unique blend of residential charm and commercial convenience, making it a desirable location for those seeking a dynamic lifestyle. This community is characterized by its tree-lined streets, friendly atmosphere, and a strong sense of community, offering residents a welcoming environment to call home.

One of the standout features of Encanto is its mixed-use housing options. Homes with a mixed-use subtype provide an innovative living experience, combining residential spaces with commercial opportunities. This means you can live above your favorite café, boutique, or office, creating a seamless blend of work and play. Imagine stepping out of your front door and finding a vibrant marketplace just a few steps away, with everything you need for daily life right at your fingertips.

Encanto is also conveniently located near major highways and public transit, making commuting a breeze. The neighborhood is just a short drive from downtown San Diego, where you can enjoy world-class dining, shopping, and entertainment. Additionally, residents can take advantage of nearby parks and recreational areas, perfect for outdoor enthusiasts and families alike.

Whether you're a first-time homebuyer, an entrepreneur looking for a live-work space, or simply seeking a community that offers both comfort and convenience, Encanto's mixed-use homes provide an ideal solution. Embrace the spirit of this lively neighborhood and discover the perfect blend of residential and commercial living in Encanto, where your dream lifestyle awaits!

Newest Encanto Homes with Mixed Use Subtype

$1,199,000

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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