2140 1St Avenue

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.

Listing information courtesy of: Aaron Bove, Marcus & Millichap 858-945-7094. *Based on information from the Association of REALTORS/Multiple Listing as of 02/12/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.