NOT LISTED FOR SALE
4 Beds
3 Baths
3,440 Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: February 18, 2025

Last sale price $2,000,000 $581 Per Sq Ft

23 Days on Market

About This Home

As of February 2025

*Revised income and pricing* 2926 Fifth Avenue presents a prime investment opportunity with its blend of extensively renovated and turnkey income and redevelopment potential. This fully remodeled Spanish Colonial Revival property features five units - a spacious 2-bedroom 1-bath and four 1-bedroom 1-bath all turn-key ready. The existing four garages open the door to creating additional Accessory Dwelling Units (ADUs), significantly boosting rental income and property value. Nestled in the heart of Bankers Hill, 2925-2934 Fifth Avenue offers the perfect blend of urban convenience and neighborhood charm. Residents will relish the neighborhood's historic charm and urban convenience, with Balboa Park, the San Diego Zoo, and Little Italy's vibrant scene all within walking distance. Everyday errands are a breeze with shops, cafes, and grocery stores nearby. Plus, the Uptown District's ongoing revitalization promises even more retail and dining options in the near future. This property is perfect for investors seeking both immediate cash flow and long-term growth potential in one of San Diego's most desirable locations. The subject property places you steps away from the vibrant energy of downtown San Diego, while still enjoying the leafy tranquility of Balboa Park that defines this historic community.

Last Agent to Sell the Property

Aziz Zakkout

Zakkout Real Estate Services License #01911009 Listed on: 01/06/2025

Last Buyer's Agent

Aziz Zakkout

Zakkout Real Estate Services License #01911009 Listed on: 01/06/2025

Property Details

Home Type

  • Multi-Family

Lot Details

  • Lot Dimensions are 100x50
  • Landscaped

Home Design

  • Composition Roof

Interior Spaces

  • 4 Bedrooms
  • 3,440 Sq Ft Home
  • 2-Story Property

Parking

  • 7 Car Garage
  • Parking Available

Additional Homes

  • Number of ADU Units: 2

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $11,995

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Operating Expense $47,339

Property Details

Home Type

Multi-Family

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 2 Story
  • Property Sub Type: Com-Res Income
  • Lot Size: 100x50
  • CapRate: 4.2
  • Co List Office Mls Id: 992977
  • Living Area: 3440.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-02-21T20:14:05Z
  • FullAddress: 2926 5TH AVENUE
  • ShortSale: No
  • SDMLS_NumofADUUnits: 2.0
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 4
  • Flooring: Slab

Exterior Features

  • Roof: Composition
  • Construction Type: Fully Landscaped

Garage/Parking

  • Parking Features: Garages, Spaces
  • Total Parking Spaces: 7.0

Utilities

  • Cooling: Wall/Window
  • Heating: Wall
  • Laundry Features: Owned

Lot Info

  • Zoning: cc-3-9

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 5
  • Annual Operating Expense: 47339.0
  • Total Actual Rent: 11995.0
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

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
02/18/2025 02/18/25 Sold $2,000,000 -16.7% $581 / Sq Ft
02/01/2025 02/01/25 Pending -- -- --
01/15/2025 01/15/25 Price Changed $2,400,000 -4.0% $698 / Sq Ft
01/08/2025 01/08/25 For Sale $2,500,000 -- $727 / Sq Ft
Source: San Diego MLS

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
2025 $25,002 $2,072,857 $1,353,040 $719,817
2024 $25,002 $2,032,213 $1,326,510 $705,703
2023 $24,451 $1,992,366 $1,300,500 $691,866
2022 $23,800 $1,953,300 $1,275,000 $678,300
2021 $23,638 $1,915,000 $1,250,000 $665,000
2020 $17,611 $1,428,616 $934,096 $494,520
2019 $17,297 $1,400,605 $915,781 $484,824
2018 $16,169 $1,373,143 $897,825 $475,318
2017 $15,785 $1,346,220 $880,221 $465,999
2016 $15,533 $1,319,824 $862,962 $456,862
2015 $7,614 $645,315 $307,294 $338,021
2014 $7,496 $632,675 $301,275 $331,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 250000601

San Diego MLS

APN: 452-662-07-00

Your Personal Tour Guide

Ask me questions while you tour the home.