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2368 2nd Avenue, San Diego, California 92101, San Diego, 92101 - 5 bed, 3 bath

2368 2nd Avenue, San Diego, California 92101 home-pic-0
ACTIVE$2,790,000
2368 2nd Avenue, San Diego, California 92101
5Beds
3Baths
3,605Sqft
5,450Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Multi-Use Zoning: Zoned for both residential and commercial use, offering unparalleled flexibility for living, working, or creating, and appealing to a broad range of investors and owner-occupants.
Top Cons:
Historic Property Maintenance & Restrictions: As a designated historic landmark, the property may be subject to specific maintenance requirements and renovation restrictions, potentially increasing costs and complexity for future modifications.

Compared to the nearby listings

Price:$2.79M vs avg $1.36M (+$1,430,000)67%
Size:3,605 sqft vs avg 1,608 sqft67%
Price/sqft:$774 vs avg $77450%

More Insights

Built in 1895 (130 years old).
Condition: Despite being built in 1895, this property underwent a meticulous and extensive restoration in 2022, making it virtually new in terms of condition and features. The description highlights elevated finishes such as St. Laurent & Dolomite marble flooring, Ijen Blue Quartzite countertops, and ornate woodwork. Images confirm a high level of finish, with a modern wet bar/kitchenette featuring dark cabinetry, butcher block counters, mirrored subway tile, and contemporary appliances. All visible areas, including flooring (marble, hardwood, new carpet), appear pristine and meet current quality standards, indicating no deferred maintenance and minimal physical depreciation. The property is move-in ready with top-tier renovations.
Year Built
1895
Close
-
List price
$2.79M
Original List price
$2.99M
Price/Sqft
$774
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2501614
Home ConditionExcellent
Features
Deck
Patio
ViewNeighborhood

About this home

Rare Multi-Use Icon in Bankers Hill. RESIDENTIAL, COMMERCIAL, MILLS ACT MAJOR TAX SAVINGS. Own a piece of San Diego history . Built in 1895, this stunning Queen Anne Victorian is more than a historic home — it’s a landmark investment opportunity. Designated Historic Landmark #172. Meticulously restored in 2022, blending historic character with elevated finishes: St. Laurent & Dolomite marble flooring, ornate woodwork, antique stained-glass windows, & Ijen Blue Quartzite countertops. A grand wraparound porch and towering windows flood the interior with light, while the prominent corner lot offers private parking, & room for an ADU or future expansion. Zoned for both residential & commercial use, this 3,600+ sq. ft. property is a canvas for your vision: live, work, host, or create. Whether transformed into event space, law office, design studio, or private residence, the possibilities are truly endless. The layout is equally flexible: multiple grand rooms downstairs, four private rooms/offices upstairs, & a third-floor loft with a full bath—ideal for creative use or private quarters. Located in the heart of walkable Bankers Hill, just steps to Balboa Park, world-class dining, & downtown, this is one of the few properties where historic elegance meets modern function. Live in it. Lease it. Launch something incredible. The Charlotte Bushnell House is ready for its next chapter—written by you.

Condition Rating
Excellent
Despite being built in 1895, this property underwent a meticulous and extensive restoration in 2022, making it virtually new in terms of condition and features. The description highlights elevated finishes such as St. Laurent & Dolomite marble flooring, Ijen Blue Quartzite countertops, and ornate woodwork. Images confirm a high level of finish, with a modern wet bar/kitchenette featuring dark cabinetry, butcher block counters, mirrored subway tile, and contemporary appliances. All visible areas, including flooring (marble, hardwood, new carpet), appear pristine and meet current quality standards, indicating no deferred maintenance and minimal physical depreciation. The property is move-in ready with top-tier renovations.
Pros & Cons

Pros

Exceptional Multi-Use Zoning: Zoned for both residential and commercial use, offering unparalleled flexibility for living, working, or creating, and appealing to a broad range of investors and owner-occupants.
Historic Significance & Tax Savings: Designated Historic Landmark #172 and eligible for Mills Act tax savings, providing significant financial benefits and unique prestige as a piece of San Diego history.
Meticulous Restoration & Elevated Finishes: Recently restored in 2022, blending historic Queen Anne Victorian character with high-end modern finishes like marble flooring, ornate woodwork, and Ijen Blue Quartzite countertops.
Prime Walkable Bankers Hill Location: Situated in the heart of walkable Bankers Hill, steps away from Balboa Park, world-class dining, and downtown San Diego, offering a highly desirable urban lifestyle.
ADU Potential & Private Parking: A prominent corner lot provides private parking and room for an Accessory Dwelling Unit (ADU) or future expansion, adding significant value and income potential.

Cons

Historic Property Maintenance & Restrictions: As a designated historic landmark, the property may be subject to specific maintenance requirements and renovation restrictions, potentially increasing costs and complexity for future modifications.
High Price Point & Niche Market: The substantial list price of $2.79 million, coupled with its unique historic and multi-use nature, targets a niche buyer demographic, which could potentially extend market time.
Potential for Urban Noise and Traffic: Located on a prominent corner lot in a bustling, walkable urban area like Bankers Hill, the property may experience higher levels of street noise and traffic, which could be a drawback for some residential buyers.

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