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$2,199,999
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250025393
Property Description
Pleased to exclusively present the sale of 130 Ivy St. This is a 5-Unit property with (2) 2-bedrooms/1-bathroom units, (2) 1-bedroom/1-bathroom units, & one studio, in the Heart of Bankers Hill. This property is located in one of the most premier neighborhoods in San Diego. A walker's paradise & Walk Score (95), this property provides all the convenience to Downtown & Little Italy nightlife, Balboa Parks Attractions, and access Interstate 5/Pacific Coast Hwy. This is a flexible investment opportunity to either continue to operate as long-term rentals with upside captured by turning over units and increasing rents to market (approximately 24% rental upside) or transitioning the investment to operate as short term rentals Ample Parking, with 6 off street spaces and 2 car garages. With significant improvements being made to Bankers Hill, the location is irreplaceable. It is a huge opportunity to have a long-term appreciation investment, while updating the original character of the building.
Location
State CA
County San Diego
Area San Diego Downtown (92101)
Building
Story 2
Others
Space Rent $139,236
Special Listing Condition Call Agent
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Listed by Michael G Kasser • Daniel W. Withers