2031 2nd, San Diego, California 92101, San Diego, 92101 - 3 bed, 2 bath
ACTIVE$1,350,000$1,508/sqft
2031 2nd, San Diego, California 92101
3Beds
2Baths
1,508Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Central Location: Centrally located in the highly desirable Bankers Hill neighborhood, just three blocks from Balboa Park, offering unparalleled access to cultural attractions and urban amenities.
Top Cons:
Age of Property: Built in 1945, the existing single-family home is nearly 80 years old, suggesting potential for outdated systems, deferred maintenance, and the need for significant renovation to meet modern standards.
Compared to the nearby listings
Price:$1.35M vs avg $1.35M (+$0)50%
Size:1,508 sqft vs avg 1,566 sqft33%
Price/sqft:$895 vs avg $84667%
More Insights
Built in 1945 (81 years old).
Condition: Built in 1945, this property shows its age. While some areas have hardwood flooring and fresh paint, the kitchen and bathrooms are significantly outdated with tile countertops, older appliances, and basic fixtures, suggesting a renovation 15-30 years ago. The exterior also shows wear. The home is functional but requires substantial updates to meet modern standards, aligning with the 'fair' condition criteria.
Year Built
1945
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$895
HOA
-
Days on market
-
Sold On
-
MLS number
2600763SD
Home ConditionFair
Features
Deck
Patio
View-
About this home
2031 2nd Ave is a charming 1,508 square foot single family home situated on a 5,130 square foot lot. Centrally located in the heart of Bankers Hill, the subject property is a mere three blocks from Balboa Park. Furthermore, the lot is zoned RM 3-7, allowing higher density multifamily re-development. There are well over 100 restaurants, shops, bars and cafes within walking distance from the property. Priced to sell, this opportunity will not last as the infill opportunity presented with 2031 2nd rarely becomes available. Video walkthrough available upon request.
B
Brendan Flynn
Listing Agent
Price History
Date
Event
Price
03/22/01
Sold
$340,000
05/12/00
Sold
$75,000
Condition Rating
Fair
Built in 1945, this property shows its age. While some areas have hardwood flooring and fresh paint, the kitchen and bathrooms are significantly outdated with tile countertops, older appliances, and basic fixtures, suggesting a renovation 15-30 years ago. The exterior also shows wear. The home is functional but requires substantial updates to meet modern standards, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Prime Central Location: Centrally located in the highly desirable Bankers Hill neighborhood, just three blocks from Balboa Park, offering unparalleled access to cultural attractions and urban amenities.
High-Density Redevelopment Potential: The lot is zoned RM 3-7, explicitly allowing for higher density multifamily re-development, presenting a significant investment or development opportunity.
Exceptional Walkability & Amenities: Boasts a walk score that includes over 100 restaurants, shops, bars, and cafes within easy walking distance, catering to a vibrant urban lifestyle.
Rare Infill Opportunity: Described as an infill opportunity that rarely becomes available, indicating its unique and valuable position within a developed urban area.
Generous Lot Size for Urban Setting: A 5,130 square foot lot provides ample space for potential expansion or redevelopment, especially valuable in a dense urban environment like San Diego.
Cons
Age of Property: Built in 1945, the existing single-family home is nearly 80 years old, suggesting potential for outdated systems, deferred maintenance, and the need for significant renovation to meet modern standards.
Smaller Existing Home Size: The current 1,508 square foot home may be considered small for its price point, particularly for buyers not primarily focused on the redevelopment potential of the lot.
Potential for Urban Noise/Traffic: Its central location and proximity to numerous commercial establishments could lead to increased noise levels and traffic, which might not appeal to all prospective buyers seeking a quieter residential environment.