Property Description
Presenting an Exceptional Investment Opportunity in Bankers Hill. Nestled in the heart of the prestigious Bankers Hill neighborhood, this 9,900 SF multifamily property, built in 1965 and zoned R-3, exemplifies a harmonious blend of timeless charm and modern-day convenience. Comprising 13 meticulously maintained units and boasting 100% occupancy, this property is a turnkey investment that stands out in today’s competitive market.
One of the standout features is the luxurious owner’s unit, a spacious two-bedroom, two-bathroom residence that truly sets this property apart. This unit showcases a grand terrace offering stunning views of the iconic San Diego Bay, with those breathtaking vistas extending to the living room and kitchen. Inside, the soaring wood beam vaulted ceiling creates an inviting and open atmosphere, enhanced by custom wood cabinetry and built-in bookshelves, adding both character and practical storage. The custom kitchen and bathrooms are designed with high-quality finishes, offering both style and functionality, while the central air ensures year-round comfort. Elegant window shutters complete the polished aesthetic of this unique living space.
The remaining units consist of four studios, each offering efficient, cozy living spaces, five one-bedroom, one-bath units, designed with comfortable layouts that appeal to a variety of renters, and three two-bedroom, one-bath units, ideal for those seeking extra space. Notably, three of the units offer private patios or decks, providing tenants with outdoor living spaces—an enviable feature in this desirable urban location. Additionally, the property boasts six garages and onsite laundry facilities, which are owned by the property, ensuring convenience for tenants and adding another revenue stream for the owner.
Located on a quiet street corner overlooking Maple Canyon, the property provides a serene and scenic setting, offering residents both urban convenience and natural beauty.
A key feature of the property is the common space courtyard, an inviting area that encourages community among tenants. This shared outdoor space includes patio furniture, a tranquil pond, and lush landscaping, creating an idyllic setting where residents can gather, sit, and relax.
Residents benefit from the prime location, with proximity to downtown San Diego, Balboa Park, and the vibrant Little Italy district, ensuring easy access to dining, entertainment, and cultural attractions.
This property is an ideal acquisition for investors seeking a stable, income-producing asset in a highly sought-after urban setting. Whether you’re looking to expand your portfolio with a multifamily property or capitalize on the growing demand for rental units in Bankers Hill, this opportunity presents strong growth potential and enduring value.
