2311 State St, Downtown, CA 92101
- $995,000
- 4
- BD
- 2
- BA
- List Price
- $995,000
- Price Change
- ▼ $200,000 1752607896
- Status
- ACTIVE
- MLS#
- 250028621
- Bedrooms
- 4
- Bathrooms
- 2
- Complex/Building Name
- Duplex
- Property Type
- Multifamily
- Year Built
- 1925
Property Description
Matthews Real Estate Investment Services is pleased to exclusively present this 2-Unit property with (2) 2-bedrooms/1-bathroom units in Bankers Hill, with one of the units being Non-Conforming. This property is zoned commercial, CC-3-4, which has multiple uses per city zoning code. Opportunities for retail, office and a potential third unit would be ideal for this location. A walker’s paradise & Walk Score (91), this property provides all the convenience to Downtown & Little Italy nightlife, Balboa Parks Attractions, and access Interstate 5/Pacific Coast Hwy. The units are significantly below market. A new buyer can capitalize on bringing rents up, with approximately 83% rental upside. This is an ideal site for short-term rental located just across the Highway from Little Italy. Bankers Hill is seeing lots of activity in relation to new apartment development showing the strength of the neighborhood, positioning this properties location for long term growth.
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Additional Information
- Building Name
- Duplex
- Cooling
- Central Air
- Neighborhood
- Bankers Hill
- Roof
- Other
- Year Built
- 1925
Mortgage Calculator
Listing courtesy of Listing Agent: Michael G Kasser (619-382-3750) from Listing Office: Daniel W. Withers.
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