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.
Mls | 240022295SD |
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Listing Type | For Sale |
Subtype | Resale |
Status | Active |
Year | 1950 |
Days On Site | 82 |
Listing Provided By | Starker West, Inc. 858-867-3732 | Adam Cairo |
Storys | 2 |
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Units | 8 |
Buildings | 1 |
Zoning | COMMERCIAL |
Acreage | 0.12 |
State | CA |
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County | San Diego |
City | San Diego |
Zip Code | 92103 |
Area | 92103 Mission Hills |
Community Name | San Diego |
Listing VS Median (in San Diego) | |
Price: $2,799,000 low | high Med: $699,000 On Site: 82 low | high Med: 63.000000 |