$4,300,000
SOLD APR 29, 2025
5 Beds
5 Baths
8,876 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$484 Per Sq Ft

12% Below List Price

3 Days on Market

About This Home

As of April 2025

Presenting an exceptional investment opportunity in Bankers Hill. Nestled in the heart of the prestigious Bankers Hill neighborhood, this 8,876 SF multifamily property, built in 1965 and zoned R-3, exempli?es a harmonious blend of timeless charm and modern-day convenience. Comprising 13 meticulously maintained units (originally 14 unit/owners unit comprised of two units) and boasting 100% occupancy, this property is a turnkey investment that stands out in today’s competitive market. One of the standout features is the luxurious owner's unit, a spacious two-bedroom, two-bathroom residence that truly sets this property apart. This unit showcases a grand terrace o?ering stunning views of the iconic San Diego Bay, with those breathtaking vistas extending to the living room and kitchen. Inside, the soaring wood beam vaulted ceiling creates an inviting and open atmosphere, enhanced by custom wood cabinetry and built-in bookshelves, adding both character and practical storage. The custom kitchen and bathrooms are designed with high-quality ?nishes, o?ering both style and functionality, while the central air ensures year-round comfort. Elegant window shutters complete the polished aesthetic of this unique living space. The remaining units consist of four studios, each o?ering e?cient, cozy living spaces, ?ve one-bedroom, one-bath units, designed with comfortable layouts that appeal to a variety of renters, and three two-bedroom, one-bath units, ideal for those seeking extra space.

Last Agent to Sell the Property

Bill Anderson

Acre Investment Real Estate License #01441142 Listed on: 02/03/2025

Last Buyer's Agent

Bill Anderson

Acre Investment Real Estate License #01441142 Listed on: 02/03/2025

Property Details

Home Type

  • Multi-Family

Parking

  • Garage

Home Design

  • Stucco

Interior Spaces

  • 5 Bedrooms
  • 8,876 Sq Ft Home
  • 2-Story Property

Additional Homes

  • Number of ADU Units: 4

Community Details

  • 13 Units
  • Operating Expense $108,206

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 2 Story
  • Property Sub Type: Com-Res Income
  • Community Features: None
  • CapRate: 4.03
  • Co List Office Mls Id: 69201
  • Living Area: 8876.0
  • Structure Type: Apartment
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-07-01T07:42:32Z
  • FullAddress: 2920 First Avenue
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 5

Exterior Features

  • Construction Type: Stucco

Garage/Parking

  • Parking Features: Garages

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 13
  • Annual Operating Expense: 108206.0
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
04/29/2025 04/29/25 Sold $4,300,000 -12.2% $484 / Sq Ft
02/08/2025 02/08/25 Pending -- -- --
02/04/2025 02/04/25 For Sale $4,900,000 -- $552 / 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 $8,738 $726,933 $282,305 $444,628
2024 $8,738 $712,680 $276,770 $435,910
2023 $8,539 $698,707 $271,344 $427,363
2022 $8,308 $685,008 $266,024 $418,984
2021 $8,250 $671,577 $260,808 $410,769
2020 $8,150 $664,692 $258,134 $406,558
2019 $8,003 $651,660 $253,073 $398,587
2018 $7,482 $638,883 $248,111 $390,772
2017 $7,300 $626,357 $243,247 $383,110
2016 $7,176 $614,077 $238,478 $375,599
2015 $7,069 $604,854 $234,896 $369,958
2014 $6,959 $593,007 $230,295 $362,712
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 250018021

San Diego MLS