2070 76 3rd Avenue, San Diego, California 92101, San Diego, 92101 - bed, bath
ACTIVE$1,997,500
2070 76 3rd Avenue, San Diego, California 92101
0Bed
0Bath
3,608Sqft
2,466Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: Located in the highly desirable Banker’s Hill neighborhood of San Diego, offering strong rental demand and potential for appreciation.
Top Cons:
Non-Conforming Unit: The bonus studio unit is non-conforming, which may present legal, permitting, or financing challenges and could limit its full market value or use.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1912 (113 years old).
Condition: This property underwent a full and extensive renovation in 2018, including new roofs, windows, electrical, and gas lines, which are major system updates. The interiors, as evidenced by the images, feature modern, high-quality finishes in the kitchens (white shaker cabinets, stainless steel appliances, subway tile backsplash, contemporary countertops) and bathrooms (subway tile showers, modern vanities, updated flooring). Hardwood floors are present throughout, and lighting appears updated with recessed fixtures. Despite the original build year of 1912, the comprehensive renovation just 6 years ago brings the property's condition to a virtually new standard, meeting current quality expectations with no deferred maintenance.
Year Built
1912
Close
-
List price
$2M
Original List price
$2.1M
Price/Sqft
$554
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2500184
Home ConditionExcellent
Features
View-
About this home
We are pleased to offer for sale the rare opportunity to acquire a fourplex in the highly desirable neighborhood of Banker’s Hill. Originally built in 1912, this historic apartment building was fully renovated in 2018 including new roofs, windows, electrical, and gas lines. The interiors were tastefully renovated with keeping the turn-of-the-century style in this craftsman masterpiece. The units consist of (2) Two Bedroom/One Bath units and (2) One Bedroom/One Bath Units. The units feature washer/dryer hook-ups. There is a bonus non-conforming studio unit on the 3rd Ave property that will provide additional income should the new owner decide to capitalize on this extra unit. Seller prefers to sell along with the identical adjacent 4 plex building located at 233 Hawthorn St.
Condition Rating
Excellent
This property underwent a full and extensive renovation in 2018, including new roofs, windows, electrical, and gas lines, which are major system updates. The interiors, as evidenced by the images, feature modern, high-quality finishes in the kitchens (white shaker cabinets, stainless steel appliances, subway tile backsplash, contemporary countertops) and bathrooms (subway tile showers, modern vanities, updated flooring). Hardwood floors are present throughout, and lighting appears updated with recessed fixtures. Despite the original build year of 1912, the comprehensive renovation just 6 years ago brings the property's condition to a virtually new standard, meeting current quality expectations with no deferred maintenance.
Pros & Cons
Pros
Prime Location: Located in the highly desirable Banker’s Hill neighborhood of San Diego, offering strong rental demand and potential for appreciation.
Extensive Renovation: Fully renovated in 2018, including new roofs, windows, electrical, and gas lines, significantly reducing immediate capital expenditures for a new owner.
Historic Charm & Modern Amenities: Tastefully renovated interiors maintain the turn-of-the-century craftsman style while offering modern conveniences like in-unit washer/dryer hook-ups.
Income Potential: A bonus non-conforming studio unit provides additional income potential, enhancing the property's overall cash flow.
Multi-Unit Investment: A rare opportunity to acquire a fourplex, offering diversified rental income streams and a stable investment in a strong market.
Cons
Non-Conforming Unit: The bonus studio unit is non-conforming, which may present legal, permitting, or financing challenges and could limit its full market value or use.
Small Lot Size: The lot size of 2466 sqft is relatively small for a fourplex, potentially limiting outdoor space or future expansion opportunities.
Seller's Preference for Package Deal: The seller prefers to sell this property along with an identical adjacent fourplex, which may narrow the buyer pool or complicate individual acquisition.