2889-91 Adams Ave San Diego, CA 92116
North Park NeighborhoodEstimated payment $9,487/month
About This Lot
We are pleased to present The Monk Apartments, a fully entitled 21-unit RTI development opportunity located at 2889-91 Adams Avenue, San Diego, CA. The Monk Apartments is comprised of plans for fourteen (14) one-bedroom units, five (5) studios, and two (2) loft-style units. Once constructed, the four-story project will span approximately 13,200 square feet of gross area (including exterior circulation), with 9,000 square feet of interior R-2 floor space. The building will be constructed as a Type VA, all-electric property, prioritizing walkability and urban sustainability. The project includes a large 22-capacity bike storage room and features100% exterior corridors and stairs, eliminating the need for interior hallways or podium parking. Located on the prominent corner of Adams Avenue and Kansas Street, The Monk Apartments is situated in the heart of North Park, one of San Diego’s most vibrant and eclectic urban neighborhoods. With a Walk Score in the mid-90s, residents will enjoy immediate access to Adams Avenue’s popular cafes, restaurants, and retail, as well as seamless connectivity to major freeways including I-805, I-15, and I-8. The area is known for its dense mix of local culture, thriving arts scene, and strong rental demand among young professionals and creatives that comprise San Diego's ever-growing economy. This project offers a rare opportunity to deliver a boutique, architecturally distinctive multifamily asset in a high-barrier-to-entry submarket.
Property Details
Property Type
- Land
Est. Annual Taxes
- $15,289
Listing and Financial Details
- Assessor Parcel Number 4460232900
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,289 | $1,252,224 | $742,845 | $509,379 |
| 2024 | $15,289 | $1,227,672 | $728,280 | $499,392 |
| 2023 | $14,944 | $1,203,600 | $714,000 | $489,600 |
| 2022 | $4,025 | $322,326 | $249,350 | $72,976 |
| 2021 | $3,988 | $316,007 | $244,461 | $71,546 |
| 2020 | $3,938 | $312,768 | $241,955 | $70,813 |
| 2019 | $3,866 | $306,636 | $237,211 | $69,425 |
| 2018 | $3,618 | $300,624 | $232,560 | $68,064 |
| 2017 | $83 | $294,730 | $228,000 | $66,730 |
| 2016 | $3,473 | $288,952 | $223,530 | $65,422 |
| 2015 | $3,422 | $284,613 | $220,173 | $64,440 |
| 2014 | $3,369 | $279,039 | $215,861 | $63,178 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | Price Changed | $1,500,000 | -6.3% | -- |
| 05/30/2025 05/30/25 | Price Changed | $1,600,000 | -5.9% | -- |
| 04/28/2025 04/28/25 | For Sale | $1,700,000 | +44.1% | -- |
| 05/20/2022 05/20/22 | Sold | $1,180,000 | -5.6% | $983 / Sq Ft |
| 04/20/2022 04/20/22 | Pending | -- | -- | -- |
| 04/19/2022 04/19/22 | For Sale | $1,250,000 | 0.0% | $1,042 / Sq Ft |
| 04/01/2022 04/01/22 | Pending | -- | -- | -- |
| 03/20/2022 03/20/22 | For Sale | $1,250,000 | -- | $1,042 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $265,000 | Chicago Title Company | |
| Deed | $135,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $0 | New Conventional | |
| Previous Owner | $50,000 | Commercial | |
| Previous Owner | $212,000 | Seller Take Back |
Source: San Diego MLS
MLS Number: 250025796
APN: 446-023-29
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