Investment
Author: Diana Heeb Bivona The 12-story World Trade Center office building on Sixth Avenue appraised at $18.1 million.
The Crabtree Building on 303 A Street appraised at $2.3 million.
A number of residential homes in La Jolla including a three-bedroom, two-bathroom home with a pool blocks away from Windansea Beach on Beaumont Avenue appraised at $1.7 million. The home is currently being rented for $1,900 a month.
A Border Patrol station at the U.S./Mexico border appraised at $2.6 million.
A multitude of vacant commercial and residential land, from an abandoned lot in Grant Hill to commercial plots in Mission Valley and University Towne Center, appraised at anywhere between $160,000 and $2 million.
Real estate investors looking to diversify their portfolios may want want to look to San Diego. Recently, the city council approved the mayor’s plan to put 17 city-owned properties on the market for sale. This bundle of properties includes downtown high-rises, million-dollar La Jolla homes and vacant dirt lots. The city is estimating that if all sell at appraised value it could bring $37M into the city’s coffers.
Properties will be sold through a broker instead of a public auction and include:
A multitude of vacant commercial and residential land, from an abandoned lot in Grant Hill to commercial plots in Mission Valley and University Towne Center, appraised at anywhere between $160,000 and $2 million.