Property listed by Starker West, Inc., Adam Cairo 619-300-0173
Value-Add investment opportunity in the prestigious Bankers Hill neighborhood is available for the first time in over 50 years. This well-maintained, two-story building features eight charming 1-bedroom, 1-bathroom units on a 5,213-square-foot lot, offering off-street parking, an on-site laundry facility, and a common outdoor area with resurfaced decking, enhancing tenant enjoyment. The property includes drought-tolerant landscaping and new electrical subpanels. The highly walkable location places tenants within easy reach of shops, dining, and professional offices, surrounded by new luxury developments and positioned directly in the path of future growth. With below-market rents, this property offers significant value-add potential, providing investors a prime opportunity to boost rental income through targeted improvements and proactive management.
Value-Add investment opportunity in the prestigious Bankers Hill neighborhood is available for the first time in over 50 years. This well-maintained, two-story building features eight charming 1-bedroom, 1-bathroom units on a 5,213-square-foot lot, offering off-street parking, an on-site laundry facility, and a common outdoor area with resurfaced decking, enhancing tenant enjoyment. The property includes drought-tolerant landscaping and new electrical subpanels. The highly walkable location places tenants within easy reach of shops, dining, and professional offices, surrounded by new luxury developments and positioned directly in the path of future growth. With below-market rents, this property offers significant value-add potential, providing investors a prime opportunity to boost rental income through targeted improvements and proactive management.
Multifamily
Other
1950
2
--
0.12
Pending
203
-- Sq. Ft.
5,214 Sq. Ft.
Location
- No
- None
Adam Cairo
Starker West, Inc.
San Diego
240022295SD
Average List Price
$1,446,533
4%
Average Sale Price
$1,429,831
5%
Days on Market
74
3%
Homes Sold
102
17%
Median List Price
$1,150,000
5%
Median Sale Price
$1,120,000
4%
Sale/Price Ratio
99%
3%
Homes for Sale
98
30%
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Based on information from California Regional Multiple Listing Service, Inc. as of 04/08/2025 12:27 AM and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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