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$2,799,000
Est. payment /mo
5,214 Sqft Lot
UPDATED:
12/05/2024 02:06 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 240022295SD
HOA Y/N No
Year Built 1950
Lot Size 5,214 Sqft
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
Area 92103 - Mission Hills
Building/Complex Name Bankers Hill
Zoning COMMERCIAL
Interior
Cooling None
Fireplace No
Exterior
Fence None
View Y/N No
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 5330910900
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Adam Cairo • Starker West, Inc.
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Scott Woodburn
Real Estate Professional Knowledge Broker | License ID: 01185194
Real Estate Professional Knowledge Broker License ID: 01185194