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2140-44 1st Avenue

San Diego, CA 92101
  • $1,675,000
  • STATUS: ACTIVE
  • ON SITE: 1 Day
  • ID#: 250018086
New On Site 1 Day Ago
UPDATED: 67 min ago
$1,675,000
  • 1
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

Situated in the vibrant Bankers Hill neighborhood—an upscale, centrally located community renowned for its proximity to Down-town San Diego and Balboa Park—this property offers exception-al tenant appeal. Bankers Hill is celebrated for its walkable streets, tree-lined avenues, and convenient access to San Diego’s premier dining, shopping, cultural attractions, and outdoor amenities. With a Walk Score of 95, this property provides tenants unparalleled access to an urban lifestyle while maintaining a serene, residential charm. The property comprises a desirable unit mix of four one-bedroom, one-bathroom units and one studio, catering to the demand for well-located rental housing. While it has not undergone recent ren-ovations, the building’s timeless character presents an outstanding opportunity for investors to implement value-add strategies. Modernizing units or enhancing common areas could position the property to capture premium rents, aligning with the increasing demand for updated rentals in this highly sought-after area.

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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.sellsandiego.com/homes/160028491
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2140-44 1st Avenue San Diego, CA 92101

  • Price: $1,675,000
  • Status: ACTIVE
  • On Site: 1 Day
  • Updated: 67 min ago
  • ID#: 250018086
1
Beds
2
Baths
0
½ Baths
N/A
Acres
Neighborhood:
San Diego Downtown (92101)
County:
San Diego
Area:
San Diego Downtown (92101)
Property Description
Situated in the vibrant Bankers Hill neighborhood—an upscale, centrally located community renowned for its proximity to Down-town San Diego and Balboa Park—this property offers exception-al tenant appeal. Bankers Hill is celebrated for its walkable streets, tree-lined avenues, and convenient access to San Diego’s premier dining, shopping, cultural attractions, and outdoor amenities. With a Walk Score of 95, this property provides tenants unparalleled access to an urban lifestyle while maintaining a serene, residential charm. The property comprises a desirable unit mix of four one-bedroom, one-bathroom units and one studio, catering to the demand for well-located rental housing. While it has not undergone recent ren-ovations, the building’s timeless character presents an outstanding opportunity for investors to implement value-add strategies. Modernizing units or enhancing common areas could position the property to capture premium rents, aligning with the increasing demand for updated rentals in this highly sought-after area.
Interior Features

Sq Ft Of Improvement 3500 Unit Furnished1 No Unit Furnished2 No

Property Features

Actual Cap Rate 3.34 Actual Cash Flow 55897 Actual Gross Scheduled Income 99324.0 Actual Operating Expense 43428 Assumable Finance 0 Buildings 1 Gross Equity 0 Gross Multiplier 16.36 Have 5-Units Leased Apartments 5 Mandatory Remarks None Known Market Area Metro Central Monthly Rent Total 8533 Motive Want Sell Projected Cap Rate 5.3 Projected Gross Multiplier 12.14 Projected Gross Scheduled Inc 133860 Projected Net Income 88706 Projected Operating Expense 45154 Short Sale No Unit Number1 4 Unit Number2 1 Unit Rent Total1 6868 Unit Rent Total2 1665 Unit Rent1 $1183 - $2075 Unit Rent2 $1665

San Diego MLS logo Listing provided courtesy of Aaron Bove of Marcus & Millichap: 858-945-7094. 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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The Neuman Team
516 5th Avenue
San Diego CA, 92101