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$995,000
Est. payment /mo
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250028621SD
HOA Y/N No
Year Built 1925
Property Description
BUYER FAILED TO PERFORM AT NO FAULT TO SELLER. Matthews Real Estate Investment Services is pleased to exclusively present this 2-Unit property with (2) 2-bedrooms/1-bathroom units in Bankers Hill, with one of the units being Non-Conforming. This property is zoned commercial, CC-3-4, which has multiple uses per city zoning code. Opportunities for retail, office and a potential third unit would be ideal for this location. A walker's paradise & Walk Score (91), this property provides all the convenience to Downtown & Little Italy nightlife, Balboa Parks Attractions, and access Interstate 5/Pacific Coast Hwy. The units are significantly below market. A new buyer can capitalize on bringing rents up, with approximately 83% rental upside. This is an ideal site for short-term rental located just across the Highway from Little Italy. Bankers Hill is seeing lots of activity in relation to new apartment development showing the strength of the neighborhood, positioning this properties location for long term growth.
Location
State CA
County San Diego
Area 92101 - San Diego Downtown
Building/Complex Name Duplex
Zoning CC-3-4
Interior
Cooling Central Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 5330650600
Virtual Tour https://www.propertypanorama.com/instaview/snd/250028621
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Listed by Michael Kasser Daniel W. Withers
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Sean McGalis
Realtor & Avid Golfer | License ID: 01707801
Realtor & Avid Golfer License ID: 01707801