$1,525,000
$150K PRICE DROP

Estimated payment $9,160/month

Total Views 2,456
4 Beds
4 Baths
2,920 Sq Ft
$522 Price per Sq Ft

Highlights

  • Ocean View
  • Gated Home
  • Radiant Heating System

About This Home

Glad to introduce for sale 2127 Front Street, a great +/-1980's-built four-plex in Bankers Hill, within walking distance (+/-3 blocks) to Little Italy, boasting tremendous potential for adding value to the (4) existing 1-bedroom/1-bathroom units (+/-730 SF each) via modernization, and/or by adding more density to the site in one way or another, on a +/-5,236 SF lot with favorable zoning. The current building is essentially two and a half stories tall, comprised of all spacious 1-bedroom/1-bathroom units of similar design, each with generous living areas, modest yet functional kitchens, quasi open floor plans, and a roomy bedroom with large walk-in closet. There are peek bay/water views currently from most units, common entry is gated with dial pad access, and there is commercial laundry equipment on site for tenants use. The parking situation at 2127 Front Street is excellent, with 5 surface off-street spaces, one of which is tandem. There is a large parking area in front, with a common area walkway/bbq area in back. Units are separately metered for gas and electricity, the roof is flat, windows have been upgraded with dual-pane vinyl, and yet unit interiors could use a refresher or a reset. There seems plenty of room to add in-unit laundry if one were so inclined. All units feature west-facing views, allowing for beautiful evening sunsets over the San Diego Bay with the thrill of planes flying overhead throughout the day, as many tourists and residents alike arrive to this fine city nearby.

Listing Agent

Joseph Burrough

Palma Commercial License #02014504 Listed on: 06/08/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 5,236 Sq Ft Lot
  • Gated Home
  • Partially Fenced Property

Property Views

  • Ocean
  • Bay
  • City Lights

Home Design

  • Rolled or Hot Mop Roof
  • Stucco

Interior Spaces

  • 4 Bedrooms
  • 2,920 Sq Ft Home
  • 2-Story Property

Utilities

  • Radiant Heating System

Community Details

Overview

  • 4 Units
  • Downtown Subdivision

Building Details

  • Operating Expense $39,698

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

5,236 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1980
  • Unit Levels: 2 Story
  • Property Sub Type: Res Income 2-4 Units
  • Security Features: Other/Remarks
  • CapRate: 3.88
  • Co List Office Mls Id: 3874
  • Subdivision Name: Downtown (DT)
  • BuildingName: NA
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-07-14T20:23:27Z
  • AgeRestrictions: N/K
  • FullAddress: 2127 Front St.
  • ShortSale: No
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Total Bedrooms: 4

Exterior Features

  • Fencing: Gate, Partial
  • Roof: Rolled/Hot Mop
  • View: Bay, City, Evening Lights, Ocean
  • Construction Type: Stucco

Utilities

  • Cooling: N/K
  • Heating: Radiant
  • Utilities: Sewer Connected
  • Water Source: Meter on Property
  • HeatSource: Electric

Lot Info

  • Lot Size Sq Ft: 5236.0

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 4
  • Annual Operating Expense: 39698.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $9,435 $722,417 $277,260 $445,157
2025 $9,435 $708,253 $271,824 $436,429
2024 $8,574 $694,367 $266,495 $427,872
2023 $8,384 $680,753 $261,270 $419,483
2022 $8,160 $667,406 $256,148 $411,258
2021 $8,105 $654,321 $251,126 $403,195
2020 $8,007 $647,613 $248,552 $399,061
2019 $7,864 $634,916 $243,679 $391,237
2018 $7,353 $622,467 $238,901 $383,566
2017 $80 $610,263 $234,217 $376,046
2016 $7,061 $598,298 $229,625 $368,673
2015 $6,957 $589,312 $226,176 $363,136
2014 $6,849 $577,769 $221,746 $356,023
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/14/2026 07/14/26 Price Changed $1,525,000 -9.0% $522 / Sq Ft
06/08/2026 06/08/26 For Sale $1,675,000 -- $574 / Sq Ft
Source: San Diego MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Wfg National Title
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- None Available
Grant Deed $550,000 Lsi Title Company
Trustee Deed $528,103 Fidelity Natl Title Ins Co
Gift Deed -- Southland Title Corporation
Gift Deed -- --
Grant Deed -- Stewart Title Company
Quit Claim Deed -- Stewart Title Company
Grant Deed $202,000 Stewart Title Company
Deed $225,000 --
Deed $225,000 --
Deed $184,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $510,000 Adjustable Rate Mortgage/ARM
Previous Owner $800,000 Commercial
Previous Owner $624,000 Commercial
Previous Owner $490,000 Commercial
Previous Owner $408,000 Commercial
Previous Owner $94,000 Commercial
Previous Owner -- Commercial
Previous Owner $5,350 Commercial
Previous Owner $48,000 Commercial
Source: Public Records

Source: San Diego MLS

MLS Number: 260013953

San Diego MLS

APN: 533-171-05-00

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