2650 2nd Ave San Diego, CA 92103

Location, Location, Location- with DEVELOPMENT POTENTIAL! Favorable RM-3-9 zoning allows for 1 unit per 600 sqft of lot size. 4,013 sqft lot has the potential for up to 7 units! Property has 4 stable units including a great diverse mix of: 2 – 2br /1ba units and 2 – 1br /1ba units with a private gated backyard. Value-add investment opportunity in Banker’s Hill, just four short blocks to Balboa Park. The property is currently operated as a long-term rental, and would make for a great short- term rental. Location, Location, Location- with DEVELOPMENT POTENTIAL! Favorable RM-3-9 zoning allows for one unit per 600 sqft of lot size. 4,013 sqft lot has the potential for up to 7 units! Amazing value-add investment opportunity in the desirable Banker’s Hill location, just four short blocks to Balboa Park. 2650 2nd Ave consists of 4 stable units including a great diverse mix of: 2 – 2br / 1ba units and 2 – 1br / 1ba units with a private gated backyard. The property is currently operated as a long-term rental, and would make for a great short-term vacation rental due to its proximity to Balboa Park, downtown San Diego, and the beaches. Upside value-add potential opportunities include 1) Increasing rents to market rent, 2) operating as short-term vacation rental to maximize revenue, or 3) develop up to 7 units with potential ocean views from the top units. 2650 2nd Ave is also perfect for someone who would like to live in one unit and rent the others. The gross livable area is 4000 square feet, including one large over-sized 2-bedroom unit. The front yard is well maintained and picturesque with a beautiful brick walkway leading to the entrance and amazing shade trees and mature shrubs in front and on the side of the home for added privacy. A shared laundry room is available for all tenants and there is extra storage for off-season belongings. A covered lattice work patio is available for barbecues and enjoying the large fenced back yard. Each unit is well appointed wit...