$2,400,000
SOLD MAY 27, 2025
1 Bed
1 Bath
4,136 Sq Ft
5,213 Sq Ft Lot

Recently Sold

$580 Per Sq Ft

14% Below List Price

193 Days on Market

About This Home

As of May 2025

This is a rare investment opportunity in the prestigious Bankers Hill neighborhood. For the first time in over 51 years, 2522-36 2nd Ave is being offered for sale. This well-maintained, two-story building features eight charming 1-bedroom, 1-bathroom units and sits on a 5,213-square-foot lot. The property offers five off-street parking spaces and an on-site laundry facility, providing additional convenience for tenants. Positioned amidst professional offices and surrounded by new luxury developments, this property is located directly in the path of future growth. With rents currently below market, it presents significant value-add potential for investors, offering the chance to unlock increased rental income through targeted improvements and proactive management.

Last Agent to Sell the Property

Adam Cairo

Starker West, Inc. License #01948040 Listed on: 09/19/2024

Co-Listed By

Seth Watje

Starker West, Inc. License #01805453

Last Buyer's Agent

Danijela Ripley

Compass License #01876222

Compass

Property Details

Home Type

  • Multi-Family

Parking

  • 5 Parking Spaces

Home Design

Interior Spaces

  • 1 Bedroom
  • 4,136 Sq Ft Home
  • 2-Story Property

Additional Features

  • 5,213 Sq Ft Lot
  • Number of ADU Units: 8

Community Details

  • 8 Units
  • Operating Expense $58,473

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • Co List Office Mls Id: 991630
  • Co List Office Mls Id: 991630
  • Living Area: 4136.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-05-28T18:03:06Z
  • FullAddress: 2522 2nd Ave
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 1

Garage/Parking

  • Total Parking Spaces: 5.0

Lot Info

  • Lot Size Sq Ft: 5213.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 8
  • Annual Operating Expense: 58473.0
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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 List to Sale Price per Sq Ft
05/27/2025 05/27/25 Sold $2,400,000 -5.8% $580 / Sq Ft
04/01/2025 04/01/25 Pending -- -- --
02/24/2025 02/24/25 Price Changed $2,549,000 -8.9% $616 / Sq Ft
10/17/2024 10/17/24 Price Changed $2,798,000 0.0% $676 / Sq Ft
09/19/2024 09/19/24 For Sale $2,799,000 -- $677 / Sq Ft
Source: San Diego MLS

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 $3,560 $290,813 $107,631 $183,182
2024 $3,560 $285,112 $105,521 $179,591
2023 $3,478 $279,522 $103,452 $176,070
2022 $3,385 $274,042 $101,424 $172,618
2021 $3,362 $268,670 $99,436 $169,234
2020 $3,322 $265,916 $98,417 $167,499
2019 $3,263 $260,703 $96,488 $164,215
2018 $3,052 $255,593 $94,597 $160,996
2017 $2,978 $250,583 $92,743 $157,840
2016 $2,925 $245,671 $90,925 $154,746
2015 $2,883 $241,982 $89,560 $152,422
2014 $2,840 $237,243 $87,806 $149,437
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240022279

San Diego MLS

APN: 533-091-09-00