Matthews Real Estate Investment Services is pleased to exclusively present this 2-Unit property with (2) 2-bedrooms/1-bathroom units in Bankers Hill. 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:
$1,195,000
MLS #:
250028621SD
Status:
Active
Baths:
0
Address:
2311 State St
Type:
Residential Income
Neighborhood:
92101sandiegodowntown
City:
San Diego
Listed Date:
May 15, 2025
State:
CA
ZIP:
92101
Year Built:
1925
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Schools
Interior
Cooling
Central Air
Exterior
Parking Spots
0.00
Stories Total
2
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Map
Community
- Address2311 State St San Diego CA
- Area92101 – San Diego Downtown
- CitySan Diego
- CountySan Diego
- Zip Code92101
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2311 State St
San Diego, CA
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