16
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$2,549,000
Est. payment /mo
5,214 Sqft Lot
Price Dropped by $250K
2522 2nd Ave San Diego, CA 92103
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UPDATED:
02/25/2025 06:17 PM
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
Value-Add investment opportunity in the prestigious Bankers Hill neighborhood is available for the first time in over 50 years. This well-maintained, two-story building features eight charming 1-bedroom, 1-bathroom units on a 5,213-square-foot lot, offering off-street parking, an on-site laundry facility, and a common outdoor area with resurfaced decking, enhancing tenant enjoyment. The property includes drought-tolerant landscaping and new electrical subpanels. The highly walkable location places tenants within easy reach of shops, dining, and professional offices, surrounded by new luxury developments and positioned directly in the path of future growth. With below-market rents, this property offers significant value-add potential, providing investors a prime opportunity to boost rental income through targeted improvements and proactive management.
Location
State CA
County San Diego
Area 92103 - Mission Hills
Building/Complex Name Bankers Hill
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
Listed by Adam Cairo • Starker West, Inc.
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