
Atrium
229 16th St, San Diego, CA, 92101, US
100 units
JLL, as Exclusive Advisor, is pleased to present for sale, 2911
Adams Ave (the “Property”), a 72 unit, newly constructed,
multi-housing opportunity located in the coveted North Park
neighborhood. Located on Adams Ave and Kansas Street, 2911
Adams provides residents a unique walkable living experience
along with seamless connectivity to Downtown and other
major employment centers.
2911 Adams’ prime location in North Park offers unparalleled
access to a vibrant, sought-after submarket that has seen
limited investment opportunities in recent years. Notably, North
Park has not experienced a trade of over 50 units in the past 5
years, underscoring the scarcity of institutional-quality sales
in this high-demand submarket. Furthermore, the submarket
has recorded zero market rate construction starts year-to-date,
highlighting the significant barriers to entry and the property’s
competitive advantage as a newly delivered asset.
With an average unit size of ±485 SF, the property’s efficient unit
sizes and competitive pricing structure appeal to both residents
seeking value and investors eyeing potential for appreciation
in this dynamic urban market.
Differentiated Class A Product with Attainable Rents
Impressive Six Month Lease Up
Vibrant and Renter Friendly North Park Neighborhood
Transit-Oriented Development with Proximity to Employment
Impending Supply Cliff and Significant Homeownership Cost Premium Drive Multi-Housing Demand