2522 2nd Ave
San Diego, CA 92103
- – beds
- – baths
- – sqft
- 5,213 sqft lot
- 1950 build
- – on site
Value-Add investment opportunity in the prestigious Bankers Hill neighborhood is available for the first time in over 50 years. This well-maintained, two-story building features eight charming 1-bedroom, 1-bathroom units on a 5,213-square-foot lot, offering off-street parking, an on-site laundry facility, and a common outdoor area with resurfaced decking, enhancing tenant enjoyment. The property includes drought-tolerant landscaping and new electrical subpanels. The highly walkable location places tenants within easy reach of shops, dining, and professional offices, surrounded by new luxury developments and positioned directly in the path of future growth. With below-market rents, this property offers significant value-add potential, providing investors a prime opportunity to boost rental income through targeted improvements and proactive management.
Last checked:
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Last updated Mar 13, 2025
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MLS# 240022295SD —
The Building
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Year Built:1950
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Total Number Of Units:8
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# of Buildings:1
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Roof:Composition
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:CrossStreet: Laurel St
The Property
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Property Type:Residential Income
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Lot Size Area:5213.0000
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Lot Size Acres:0.1197
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Lot Size SqFt:5213.00
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Lot Size Source:Assessor
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Fencing:None
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Fence:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Parcel Number:5330910900
Heating & Cooling
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Heating:1
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Cooling:No
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Cooling:None
The Community
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Subdivision:San Diego
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Subdivision:San Diego
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Neighborhood:Bankers Hill
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Park Name:Bankers Hill
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Senior Community:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/24/25
Feb 24, 2025
|
Price Changed | CRMLS_CA | $2,549,000 | -8.9% |
|
9/19/24
Sep 19, 2024
|
Listed / Active | CRMLS_CA | $2,799,000 |
