2311 State St San Diego, CA 92101
Bankers Hill NeighborhoodEstimated payment $5,789/month
Total Views
7,466
4
Beds
2
Baths
2,339
Sq Ft
$425
Price per Sq Ft
About This Home
BUYER FAILED TO PERFORM AT NO FAULT TO SELLER. 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,537
Year Built
- Built in 1925
Interior Spaces
- 2-Story Property
Listing and Financial Details
- Assessor Parcel Number 533-065-06-00
Community Details
Overview
- 2 Units
- Duplex Community
Building Details
- Net Operating Income $20,545
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $4,537 | $474,300 | $382,500 | $91,800 |
| 2024 | $4,537 | $367,002 | $165,565 | $201,437 |
| 2023 | $4,437 | $359,807 | $162,319 | $197,488 |
| 2022 | $4,319 | $352,753 | $159,137 | $193,616 |
| 2021 | $4,290 | $345,837 | $156,017 | $189,820 |
| 2020 | $4,238 | $342,292 | $154,418 | $187,874 |
| 2019 | $4,163 | $335,582 | $151,391 | $184,191 |
| 2018 | $3,893 | $329,003 | $148,423 | $180,580 |
| 2017 | $3,801 | $322,553 | $145,513 | $177,040 |
| 2016 | $3,741 | $316,229 | $142,660 | $173,569 |
| 2015 | $3,686 | $311,480 | $140,518 | $170,962 |
| 2014 | $3,628 | $305,380 | $137,766 | $167,614 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | For Sale | $995,000 | 0.0% | $425 / Sq Ft |
| 07/21/2025 07/21/25 | Pending | -- | -- | -- |
| 07/14/2025 07/14/25 | Price Changed | $995,000 | -16.7% | $425 / Sq Ft |
| 05/27/2025 05/27/25 | For Sale | $1,195,000 | -- | $511 / Sq Ft |
Source: San Diego MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $175,000 | -- | |
| Deed | $125,000 | -- |
Source: Public Records
Similar Homes in San Diego, CA
Source: San Diego MLS
MLS Number: 250028621
APN: 533-065-06
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