2311 State St, San Diego, CA 92101

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$995,000

Est. payment - /mo

4 Beds

2 Baths

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UPDATED:

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

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 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

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Listed by Michael G Kasser Daniel W. Withers

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2311 State St San Diego, CA 92101