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$2,799,000
Est. payment /mo
4 Beds
4 Baths
517 SqFt
UPDATED:
09/20/2024 02:32 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 517 sqft
Price per Sqft $5,413
Subdivision San Diego
MLS Listing ID 240022295
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1950
Lot Size 5,213 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
This is a rare investment opportunity in the prestigious Bankers Hill neighborhood. For the first time in over 51 years, 2522-36 2nd Ave is being offered for sale. This well-maintained, two-story building features eight charming 1-bedroom, 1-bathroom units and sits on a 5,213-square-foot lot. The property offers five off-street parking spaces and an on-site laundry facility, providing additional convenience for tenants. Positioned amidst professional offices and surrounded by new luxury developments, this property is located directly in the path of future growth. With rents currently below market, it presents significant value-add potential for investors, offering the chance to unlock increased rental income through targeted improvements and proactive management.
Location
State CA
County San Diego
Community San Diego
Area Mission Hills (92103)
Building/Complex Name Bankers Hill
Zoning COMMERCIAL
Exterior
Exterior Feature Wood/Stucco
Roof Type Composition
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $1,524
Listing Terms Cash, Conventional
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Listed by Adam Cairo • Starker West, Inc.
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