34
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$1,195,000
Est. payment /mo
4 Beds
2 Baths
Active
2311 State St San Diego, CA 92101
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Downtown Area (Down)
MLS Listing ID 250028621
Bedrooms 4
Year Built 1925
Property Sub-Type Res Income 2-4 Units
Property Description
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 Metro Central
Zoning CC-3-4
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Fence Other/Remarks
View Y/N No
Roof Type Other/Remarks
Building
Story 2
Level or Stories 2
Others
Tax ID 533-065-06-00
Special Listing Condition Call Agent
Virtual Tour https://www.propertypanorama.com/instaview/snd/250028621
Listed by Michael G Kasser Daniel W. Withers