Situated in the vibrant Bankers Hill neighborhood—an upscale, centrally located community renowned for its proximity to downtown San Diego and Balboa Park—this property offers exceptional tenant appeal. Bankers Hill is celebrated for its walkable streets, tree-lined avenues, and convenient access to San Diego’s premier dining, shopping, cultural attractions, and outdoor amenities. With a Walk Score of 95, this property provides tenants unparalleled access to an urban lifestyle while maintaining a serene, residential charm. The property comprises a desirable unit mix of four one-bedroom, one-bathroom units and one studio, catering to the demand for well-located rental housing. While it has not undergone recent renovations, the building’s timeless character presents an outstanding opportunity for investors to implement value-add strategies. Modernizing units or enhancing common areas could position the property to capture premium rents, aligning with the increasing demand for updated rentals in this highly sought-after area. Its prime location, just minutes from major employment hubs, public transit, and freeways, ensures a consistent demand from both professionals and urban dwellers. The strong rental market in Bankers Hill, combined with the property’s potential for repositioning, makes this an ideal investment for generating stable income and long-term appreciation. As San Diego’s real estate market continues to thrive, properties in premier neighborhoods like Bankers Hill stand out as excellent opportunities for investors seeking to capitalize on the city’s growth and appeal. With its unbeatable location, walkability, and potential for upgrades, 2140-44 1st Avenue is well-positioned to deliver both immediate rental income and significant future value. ***NOI & CAP Rate Reflected are Proforma Number***