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2926 5TH AVENUE

San Diego, CA 92103
  • $2,400,000
  • STATUS: ACTIVE
  • ON SITE: 8 Days
  • ID#: 250000601
Price Reduced
UPDATED: 52 min ago
$2,400,000
  • 4
    BEDS
  • 0.11
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

*Revised income and pricing* 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.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/159290136
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2926 5TH AVENUE San Diego, CA 92103

  • Price: $2,400,000
  • Status: ACTIVE
  • On Site: 8 Days
  • Updated: 52 min ago
  • ID#: 250000601
4
Beds
3
Baths
0
½ Baths
0.11
Acres
Neighborhood:
Mission Hills (92103)
County:
San Diego
Area:
Mission Hills (92103)
Property Description
*Revised income and pricing* 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.
Exterior Features

Construction Stucco Exterior Fully Landscaped Lot Dimensions Approx 100x50 Parking GaragesSpaces Parking Spaces Total 7 Roof Composition Units With Garages 4

Interior Features

Cooling Wall/Window Floor Coverings Hardwood Floors Slab Heating Wall Laundry Owned Sq Ft Of Improvement 3440 Stories 2 Story Unit Furnished1 No Unit Furnished2 No Unit Furnished3 No Units With Dishwashers 5 Units With Disposals 5 Units With Ranges 5 Units With Refrigerators 5

Property Features

Actual Cap Rate 4.2 Actual Gross Scheduled Income 143940.0 Actual Operating Expense 47339 Assumable Finance 0 Buildings 2 Existing Financing Conventional Financial Information Source Owner Gross Equity 0 Gross Multiplier 16.67 Have Upleg Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 11995 Motive Want Exchange Other Income Actual 8400 Other Income Source 4 Garages Projected Cap Rate 5.44 Projected Gross Multiplier 13.89 Projected Gross Scheduled Inc 172800 Projected Other Income 9600 Short Sale No Sq Ft Source Tax Record Tenant Pays Electric y Tenant Pays Gas y Tenant Pays Water n Terms CashCash to New LoanExchange DownExchange Up Unit Number1 2 Unit Number2 2 Unit Number3 1 Unit Rent Total1 5200 Unit Rent Total2 4400 Unit Rent Total3 2400 Unit Rent1 2600 Unit Rent2 2200 Unit Rent3 2400 Zoning cc-3-9

San Diego MLS logo Listing provided courtesy of Aziz Zakkout of Zakkout Real Estate Services: 858-859-9737. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Red Tree Realty
4138 Napier St.
San Diego CA, 92110