BUYER FAILED TO PERFORM AT NO FAULT TO SELLER. Matthews Real Estate Investment Services is pleased to exclusively present this 2-Unit property with (2) 2-bedrooms/1-bathroom units in Bankers Hill, with one of the units being Non-Conforming. This property is zoned commercial, CC-3-4, which has multiple uses per city zoning code. Opportunities for retail, office and a potential third unit would be ideal for this location. A walker’s paradise &' Walk Score (91), this property provides all the convenience to Downtown &' Little Italy nightlife, Balboa Parks Attractions, and access Interstate 5/Pacific Coast Hwy. The units are significantly below market. A new buyer can capitalize on bringing rents up, with approximately 83% rental upside. This is an ideal site for short-term rental located just across the Highway from Little Italy. Bankers Hill is seeing lots of activity in relation to new apartment development showing the strength of the neighborhood, positioning this properties location for long term growth.
Property Details
Price:
$995,000
MLS #:
250028621SD
Status:
Active
Baths:
0
Type:
Residential Income
Neighborhood:
92101sandiegodowntown
Listed Date:
May 15, 2025
Year Built:
1925
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Parking Spots
0.00
Financial
Map
Community
- Address2311 State St San Diego CA
- Neighborhood92101 – San Diego Downtown
- CitySan Diego
- CountySan Diego
- Zip Code92101
Subdivisions in San Diego
- Bay Park
- Bayside BS
- Bonita
- Bonsall
- BP
- Carmel Mountain Ranch
- Carmel Valley
- Casablanca CSB
- CAV
- CH
- Chula Vista
- City Heights
- Civita CIVI
- Clairemont
- College Grove
- Coronado Shores
- Coronado Village
- Crown Point
- Crown Point CP
- Del Cerro
- Del Mar
- Downtown
- DWTN
- East Del Mar
- East San Diego
- East Village 400
- Encanto
- ENCTO
- Escala ESCL
- Hillcrest
- Imperial Beach
- Kearny Mesa
- Kensington
- La Costa
- La Jolla
- La Mesa
- Lemon Grove
- Linda Vista
- Logan Heights
- Marbella MB
- Middletown
- Mira Mesa
- Mission Beach
- Mission Greens R1 MG
- Mission Hills
- Mission Valley
- Mission Village
- Normal Heights
- North Park
- Ocean Beach
- Old Town
- olive street
- Pacific Beach
- Paradise Hills
- Park Villas South
- PL
- Point Loma
- Poway
- Presidio PRES
- Promontory PROM
- Rancho Bernardo
- Rancho Pacifica 1 261701
- Rancho Penasquitos
- Rancho Santa Fe
- RB
- Sabre Spr
- San Carlos
- San Diego
- San Ysidro
- SANT
- Santaluz
- SBS
- Scripps Ranch
- SD
- Serra Mesa
- Solana Beach
- Sonoma Tract 8 1118
- South Sd
- Spinnaker Point SPINP
- Spring Valley
- Stonebridge 3700
- Talmadge
- The Cottages COTT
- Tierrasanta
- Torrey Highlands
- UC
- University City
- University Heights
Market Summary
Current real estate data for Residential Income in San Diego as of Oct 22, 2025
181
Residential Income Listed
174
Avg DOM
$1,827,366
Avg List Price
Property Summary
- 2311 State St San Diego CA is a Residential Income for sale in San Diego, CA, 92101. It is listed for $995,000
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