2920 1st Ave | San Diego, CA 92103
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- LoopNet Team
2920 1st Ave
San Diego, CA 92103
1st Avenue Villas · Build-to-Rent Property For Sale
·
13 Units
INVESTMENT HIGHLIGHTS
- Prime Location: Situated in the prestigious Bankers Hill neighborhood, offering proximity to downtown San Diego, Balboa Park, and Little Italy
- ADU Opportunity: 6 large garages for potential ADU conversion
- Luxurious Owner's Unit: Spacious 2-bed/2-bath residence with vaulted ceilings, custom wood cabinetry, a large terrace with stunning San Diego Bay view
- Value-Add Opportunity: Significant upside in rents with interior renovation
- Diverse Unit Mix: Includes four studios, five 1-bed/1-bath units, and three 2-bed/1-bath units—appealing to a wide range of tenants
- Turnkey Investment: 100% occupancy, providing immediate cash flow
PROPERTY FACTS
| No. Units | 13 | Property Size | 8,876 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Costar Property Class | C | Parking Allocation | 0.68/1,000 sq ft |
| Total Plot Size | 0.21 ac | ||
| Use Class | R-3 | ||
| No. Units | 13 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.21 ac |
| Property Size | 8,876 sq ft |
| Average Occupancy | 95% |
| No. Floors | 2 |
| Year Built | 1965 |
| Parking Allocation | 0.68/1,000 sq ft |
| Use Class | R-3 |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Tile Floors
- Kitchen
- Wooden Floors
- Range
- Tub/Shower
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Gated
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 4 | £2,100 | 400 |
| 1+1 | 5 | £2,500 | 550 |
| 2+1 | 3 | £2,975 | 800 |
| 2+2 | 1 | £5,100 | 1,826 |
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