Listed by Carson Trujillo, Marcus & Millichap,

2070 3rd Ave

San Diego, CA, 92101

$4,050,000

$4,050,000
Sold
Sold
property_type
Commercial
Pleased to present for sale the rare opportunity to acquire this recently renovated historic property in the Bankers Hill Neighborhood of San Diego. The property consists of two contiguous 4-unit apartment buildings, each on with their own separate APN. Constructed in 1912 and renovated in 2018, this property rests on a 4,932 SF lot and offers over 7,200 of rentable SF. 2070-76 3rd Ave & 233-39 Hawthorn St is a Craftsman Property comprised of (four) 2-bedroom/1-bathroom units, (four) 1-bedroom+den/1-bathroom units, and (one) bonus non-conforming studio. This property was extensively renovated in 2018 with brand new plumbing, electrical, and gas lines. Exterior improvements include new roofs, new windows, and new exterior paint. Each unit features redesigned kitchens and bathrooms, new gas wall heaters, hardwood floors, ceiling fans, and new interior paint. 233 Hawthorn St has in-unit laundry and 2070 3rd have has on-site communal laundry. Tenants enjoy access to the secure gated courtyard with BBQ and sitting area. Located in the San Diego Airport flight path, this property has had the Quieter Home program upgrades completed in 2018. Issued by the FAA, the programs purpose is to install sound insulation treatments to mitigate aircraft noise which includes the addition of custom high-end windows, soundproofing, and air ventilation systems within the units. Bankers Hill is a popular rental market that attracts high quality and reliable tenants. With a walk score of 92, this property is close to many local restaurants, bars, shops, and attractions. Perfectly situated within a few blocks to Balboa Park, Hillcrest, Gaslamp, Little Italy and the I-5 freeway entrance, this property is centrally located with the investor’s longevity in mind.
MLS® ID:
220012507SD
Listed:
5/19/22
Updated:
8/19/22

Other Property Details

Area Name
92101 - San Diego Downtown
Garage
No
Parking
N
View
N
County
San Diego
Pool
No

Property History

Date
Event
Price
Value
7/19/22
Sold
-
-
7/19/22
Price Change
$4,050,000
-3%
6/17/22
Pending
-
-

 

Listed by Carson Trujillo, Marcus & Millichap,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/19/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 11:30 PM UTC, 8/19/22

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