$1,900,000
$100K PRICE DROP

2070 Third Ave San Diego, CA 92101

Bankers Hill Neighborhood

Estimated payment $12,393/month

Total Views 3,795
6 Beds
4 Baths
3,608 Sq Ft
$527 Price per Sq Ft

About This Home

Incredible opportunity to acquire a rare 9-unit multifamily portfolio (being sold with 233 Hawthorn St) in the heart of Bankers Hill—one of San Diego’s most sought-after and walkable neighborhoods. This offering includes two adjacent parcels being sold together, each with 4 traditional residential units plus one featuring a non-conforming studio. Originally built in 1912 and thoughtfully renovated in 2018, the property blends historic charm with modern upgrades throughout. Units feature updated kitchens, bathrooms, and building systems, all while maintaining timeless architectural details. Ideally positioned just minutes from Balboa Park, Downtown San Diego, and Little Italy, the property provides immediate access to employment centers, transit, and top-tier dining and entertainment. Tenants enjoy an urban lifestyle in a high-demand rental market with very limited competing inventory.

Listing Agent

Aaron Marcusmillichap

Marcus & Millichap License #01318320 Listed on: 06/03/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 4,800 Sq Ft Lot
  • Gated Home

Home Design

  • Clay Roof

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Assessor Parcel Number 533-174-10-00

Community Details

Overview

  • 4 Units
  • Balboa Community

Additional Features

  • Net Operating Income $192,560
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 2nd & Hawthorn
  • Neighborhood: Bankers Hill
  • LP / Sq Ft: 8.75
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 1912
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Gate
  • Roof: Tile/Clay

Utilities

  • Cooling: Central Forced Air
  • Security: Gated Community

Condo/Co-op/Association

  • Complex Name: Balboa

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 533-174-10-00
  • Estimated Lot Sq Ft: 4800

Rental Info

  • Tenant Pays: Trash, Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 192560
  • Annual Expense Actual: 87483
  • Annual Expense Projected: 88781
  • Gross Rent Multiplier Actual: 14.14
  • Gross Rent Multiplier Projected: 12.92
  • Gross Sched Income Actual: 282840
  • Gross Sched Income Projected: 309600
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 4
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4
  • Other Income Actual: 5688
  • Other Income Projected: 5688.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Price Changed $1,900,000 -5.0% $527 / Sq Ft
06/03/2025 06/03/25 For Sale $2,000,000 -- $554 / Sq Ft
Source: San Diego MLS

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See All Homes in San Diego

Source: San Diego MLS

MLS Number: 250029360

San Diego MLS

California San Diego County San Diego 92101 Bankers Hill

2070 Third Ave, San Diego, CA

This home is located at 2070 Third Ave, San Diego, CA 92101 and is currently priced at $1,900,000, approximately $526 per square foot. This property was built in 1912. 2070 Third Ave is a home located in San Diego County with nearby schools including Washington Elementary School, Roosevelt International Middle School, and Museum School.

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