2328-34 2nd Ave, Downtown, CA 92101

$2,100,000
Sold Price
$2,100,000
List Price
$2,625,000
Closing Date
Dec 02, 2022
Days on Market
70
Status
SOLD
MLS#
220022776
Lot Size(Range)
4,000-7,499 SF
City
Downtown
Neighborhood
Bankers Hill
Complex/Building Name
2328-34 2nd Ave
Property Type
Multifamily
Year Built
1924

Property Description

Major Price Reduction of 15%!!! This property is a must see. Interior Condition is above average. 3 or possible 4 units will be delivered empty at the close of escrow allowing an investor to start with a blank slate to either rent out immediately or upgrade to achieve $2800-$3000/unit in rental income. This well-maintained 4-unit Garden Style Apartment Building is located in Banker’s Hill. The property is minutes from downtown San Diego and only a few blocks away from the world-renowned Balboa Park. Long-term ownership has taken excellent care of the property with little to no deferred maintenance for a new owner. The property underwent a $200,000 renovation in 2006 that included installing new electrical, plumbing, and exterior paint. All 4 units are 1 Bedroom/ 1 Bath about 813 SqFt. In the current condition, we feel confident that a new owner can rent each of the 1 BR units for around $2,700/month. Each unit offers larger-than-average floorplans for 1BRs as well as in-unit Washer & Dryer Hookups.

Additional Information

Building Name
2328-34 2nd Ave
Lot Size Range
4,000-7,499 SF
Neighborhood
Bankers Hill
Stories
2 Story
Style
Res Income 2-4 Units
Year Built
1924

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Thomas McCartin (858-373-3100) from Listing Office: Marcus & Millichap.

Selling Office: DOLAN REALTY COMPANY.

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