2522-2536 2nd Ave - Apartments FOR SALE


San Diego, CA 92103
$2,799,000 USD
619-300-0173
2522-2536 2nd Ave, San Diego, CA for Sale
$2,799,000 USD
Apartments - FOR SALE
1/16
null | 2.98% Cap Rate

2522-2536 2nd Ave
San Diego, CA 92103


HIGHLIGHTS

  • VALUE ADD OPPORTUNITY – Strong Rental Upside with Current Rents Below Market
  • PRIME LOCATION - Well Located Near Numerous Consumer Retail Centers, Businesses & Restaurants
  • ATTRACTIVE AMENITIES - Off-Street Parking, Gated Security and Laundry Room
  • DEVELOPMENT UPSIDE – Located in Complete Communities Tier 3 Zone.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,799,000 USD

PRICE/SF

$677 USD /SF

# OF UNITS

8

PRICE/UNIT

$349,875

CAP RATE

2.98%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C

APN/PARCEL ID

533-091-09-00

ASK ABOUT THIS PROPERTY

Adam CairoStarker West, IncMore Info
619-300-0173

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Adam CairoStarker West, IncMore Info
619-300-0173

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.