2926-2934 5th Ave - Apartments FOR SALE


San Diego, CA 92103
$2,400,000 USD
858-859-9737
2926-2934 5th Ave, San Diego, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/26
null | 4.16% Cap Rate

2926-2934 5th Ave
San Diego, CA 92103


HIGHLIGHTS

  • In-unit Laundry
  • Extensively Renovated Units
  • On-site Garages | ADU Potential
  • Highly Walkable | Dense Retail Corridor
  • Adjacent to Main Entry to Balboa Park
  • Favorable CC-3-9 Zoning w/Tier 3 Complete Community Zone (6.5 FAR)

OVERVIEW

2926 Fifth Avenue presents a prime investment opportunity with its blend of extensively renovated and turnkey income and redevelopment potential. This fully remodeled Spanish Colonial Revival property features five units - a spacious 2-bedroom 1-bath and four 1-bedroom 1-bath all turn-key ready. The existing four garages open the door to creating additional Accessory Dwelling Units (ADUs), significantly boosting rental income and property value. Nestled in the heart of Bankers Hill, 2925-2934 Fifth Avenue offers the perfect blend of urban convenience and neighborhood charm. Residents will relish the neighborhood's historic charm and urban convenience, with Balboa Park, the San Diego Zoo, and Little Italy's vibrant scene all within walking distance. Everyday errands are a breeze with shops, cafes, and grocery stores nearby. Plus, the Uptown District's ongoing revitalization promises even more retail and dining options in the near future. This property is perfect for investors seeking both immediate cash flow and long-term growth potential in one of San Diego's most desirable locations. The subject property places you steps away from the vibrant energy of downtown San Diego, while still enjoying the leafy tranquility of Balboa Park that defines this historic community.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$698 USD /SF

# OF UNITS

5

PRICE/UNIT

$480,000

CAP RATE

4.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CC-3-9

APN/PARCEL ID

452-662-07

ASK ABOUT THIS PROPERTY

Aziz ZakkoutZakkout Real Estate ServicesMore Info
858-859-9737

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Aziz ZakkoutZakkout Real Estate ServicesMore Info
858-859-9737

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