Pending

1942 54 San Diego Avenue

San Diego CA, 92110

$3,750,000


$553.02 per sqft

Pending

6,781 sqft

Residential

Built in 1960

Listed by Maxwell Brown with Commercial Asset Advisors [email protected]

Huge $450k Price Reduction! 1942-54 San Diego Ave presents the opportunity to acquire a 14 unit multifamily asset in the rarely traded and desirable Old Town location. The asset consists of (1) Studio Unit, (11) One Bedroom units, (1) 2 Bedroom / 1 bath, and (1) 3 Bedroom / 1 Bath unit. Select units possess bay views. 8 out of the 14 units have received full interior renovations. Four units at the rear of the property are single story with small rear yards providing tenants with additional privacy. There are (5) garage spaces at the property along with an on-site laundry room. A shared central courtyard could be further improved with a BBQ and table arrangement to provide tenants with additional outdoor utility to enjoy bay views with their gatherings. The property provides tenants with incredible accessibility to the majority of San Diego's primary entertainment, employment, restaurants, highway access, and activity hotspots. The asset is within short walking distance to Downtown of Old Town and International Restaurant Row and within biking distance of Little Italy & Liberty Station. Additional primary attractions such as Mission Bay, Fiesta Island, Petco Park, Downtown Hillcrest, Balboa Park, Banker's Hill etc are all within a 10 minute drive.

PTP2404992

MLS ID

August 19, 2024

Listed

December 10, 2024

Updated

Map

1942 54 San Diego Avenue
San Diego CA, 92110

Interior Features

Total Stories

2


Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.21 Acres


Lot Features

26-30 Units/Acre


Sewer

Public Sewer

Other Property Details

Area Name

92110 - Old Town Sd


Days on Market

78


Garage

Yes


Garage Spaces

5


Parking Total

5


View

No


County

San Diego


Pool

No


Pool Features

None


Zoning

Multifamily

Listing History

Date

Event

Price

12/10/2024

Pending

11/6/2024

Under contract

10/11/2024

Price change

$3,750,000

-11%

9/24/2024

Price change

$4,199,000

-1%

Listing Contact: 858-360-3000 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/10/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/10/2024 at 8:13 PM UTC

 

Powered byLuxury Presence