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2621-2629 1st Ave
San Diego, CA 92103 Bankers Hill

Price Upon Request

Apartments For Sale  •  6,870 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,870 SF
  • Lot Size 0.21 AC
  • Building Class C
  • Year Built 1930
  • Zoning C
57 Transit Score
85 Walk Score

Highlights

12-unit apartment community in the desirable Bankers Hill neighborhood of San Diego
Strong value-add opportunity: modernize kitchens, baths, flooring, and fixtures to bring units up to market standards
Recently repiped water lines and updated electrical systems and panels
RUBS (Ratio Utility Billing System) in-place, supplementing property income
Attractive unit mix: 1 Studio, 10 One-Bedroom/One-Bath, 1 Two-Bedroom/One-Bath
Select units feature upgraded flooring, new water heaters, A/C, ranges, and refrigerators

Financial Summary (Proforma)

Net Operating Income: $234,436 USD (2025)
Total Expenses: $101,900 USD

Amenities

  • Courtyard

Public Transportation

Commuter RailDriveWalkDistance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 3 min - 1.6 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 5 min - 3.2 mi
Transit/SubwayDriveWalkDistance
Middletown (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 2 min 17 min 0.9 mi
AirportDriveWalkDistance
San Diego International 6 min - 2.4 mi