Skip To Content

2937-49 2nd Ave

San Diego, CA 92103
  • $4,295,000
  • STATUS: ACTIVE
  • ON SITE: 24 Days
  • ID#: 240021893
$4,295,000
  • 11
    BEDS
  • 0.29
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Spectacular trophy property in Bankers Hill. Prominently sitting atop Maple Canyon, this 7 unit property boasts ocean and natural canyon views. Original 5 units have been fully renovated and updated to command top rents in one of the most dynamic rental pockets of San Diego. Attached studio ADU and detached garage conversion unit added in 2022 and 2023. All units have their own laundry and AC systems. This is a turn-key property for the investor looking to add a marquee asset to their portfolio. Property includes APN 452-668-0300. ADU and conversion unit square footage add an additional ~1000 sq ft that is not yet included in tax record square footage.

Monthly Payment Calculator

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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/155191198
Print Image

2937-49 2nd Ave San Diego, CA 92103

  • Price: $4,295,000
  • Status: ACTIVE
  • On Site: 24 Days
  • ID#: 240021893
11
Beds
9
Baths
0
½ Baths
0.29
Acres
Neighborhood:
Mission Hills (92103)
County:
San Diego
Area:
Mission Hills (92103)
Property Description
Spectacular trophy property in Bankers Hill. Prominently sitting atop Maple Canyon, this 7 unit property boasts ocean and natural canyon views. Original 5 units have been fully renovated and updated to command top rents in one of the most dynamic rental pockets of San Diego. Attached studio ADU and detached garage conversion unit added in 2022 and 2023. All units have their own laundry and AC systems. This is a turn-key property for the investor looking to add a marquee asset to their portfolio. Property includes APN 452-668-0300. ADU and conversion unit square footage add an additional ~1000 sq ft that is not yet included in tax record square footage.
Exterior Features

Parking Spaces Total 1 Units With Garages 0

Interior Features

Sq Ft Of Improvement 5018 Units With Dishwashers 7 Units With Disposals 7 Units With Ranges 7 Units With Refrigerators 7

Property Features

Actual Gross Scheduled Income 264180.0 Actual Operating Expense 86328 Assumable Finance 0 Buildings 2 Gross Equity 3436000 Gross Multiplier 16.26 Have 7 Units Leased Apartments 7 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 22015 Motive Want Cash out Unit Number1 2937 Unit Number2 2939 Unit Number3 2941 Unit Number4 2943 Unit Number5 2945 Unit Number6 2947 Unit Number7 2949 Unit Rent Total1 3645 Unit Rent Total2 4495 Unit Rent Total3 2595 Unit Rent Total4 2595 Unit Rent Total5 4495 Unit Rent Total6 1995 Unit Rent Total7 2195 Unit Rent1 3645 Unit Rent2 4495 Unit Rent3 2595 Unit Rent4 2595 Unit Rent5 4495 Unit Rent6 1995 Unit Rent7 2195

San Diego MLS logo Listing provided courtesy of Jeffrey Williams of Williams Taylor Real Estate: 408-242-2163. Listing information © 2024 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240021893-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240021893-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_240021893-2.jpg
Logo
Red Tree Realty
4138 Napier St.
San Diego CA, 92110