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$ 2,400,000
$ 2,549,000 5.8%
Est. payment /mo
Sold on 05/27/2025
2522 2nd Ave San Diego, CA 92103
5,213 Sqft Lot
UPDATED:
Key Details
Sold Price $2,400,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240022279
Sold Date 05/27/25
Lot Size 5,213 Sqft
Acres 0.12
Property Description
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.
Location
State CA
County San Diego
Area Mission Hills (92103)
Exterior
Total Parking Spaces 5
Building
Story 2
Others
Space Rent $146,904
Financing Cash
Listed by Adam Cairo • Starker West, Inc.
Bought with Danijela Ripley • Compass
Bought with Danijela Ripley • Compass