110 Maple

Property Description

Incredibly rare mixed-use trophy property located at the corner of 1st Ave and Maple St in the heart of Bankers Hill, just steps from Balboa Park, Mister A's, and surrounded by some of San Diego's most iconic historic homes. Situated on a prime corner lot with dual street frontage, this exceptional asset offers strong in-place income, pride of ownership, and long-term investment potential in one of San Diego's most desirable neighborhoods. The property consists of five units, including a professional office space and four residential units. The front corner office, designed to resemble a classic historic home, is leased under a long-term agreement with annual rent increases. The residential units have been extensively remodeled and professionally designed, creating a turnkey investment with strong rental appeal. Two units were completely rebuilt from the ground up in 2024. Major capital improvements include all-new electrical, plumbing, insulation, HVAC systems, electrical meters, and a state-of-the-art fire sprinkler system throughout. Several units feature upgraded kitchens, designer finishes, modern flooring, and remodeled bathrooms. The upper unit enjoys bay and city views, while tenants share a beautifully landscaped courtyard. Mixed-use zoning provides flexibility for investors or owner-users. Ideally located near downtown, Little Italy, the waterfront, San Diego International Airport, and some of the city's best dining and cultural attractions, this is a rare opportunity to acquire a fully upgraded mixed-use asset in one of San Diego's premier neighborhoods. Incredibly rare mixed-use trophy property located at the prestigious corner of 1st Ave and Maple St in the heart of Bankers Hill, just steps from Balboa Park, Mister A's, and surrounded by some of San Diego's most iconic historic homes and architecture. Positioned on a prime corner lot with dual street frontage, this exceptional asset offers a rare blend of residential charm, strong in-place income, and long-term investment upside in one of San Diego's most sought-after neighborhoods. The property consists of a professional office space in the front corner unit, designed to resemble a classic historic home, currently leased under a long-term agreement with built-in annual rent increases. The remaining four residential units are fully remodeled and professionally designed, creating a turnkey pride-of-ownership asset with strong rental appeal. Two of the residential units were completely rebuilt from the ground up in 2024 with high-end construction and modern systems throughout. Extensive capital improvements include all new electrical, plumbing, insulation, HVAC systems, new electrical meters, and a state-of-the-art fire sprinkler system servicing the entire property. Several units feature upgraded kitchens, designer finishes, modern flooring, and updated baths. The upstairs unit enjoys beautiful bay and city views, while all tenants share access to a lushly landscaped common courtyard that creates a private and tranquil atmosphere rarely found in urban multifamily properties. The mixed-use zoning offers exceptional flexibility for investors, owner-users, short-term rental strategies where permitted, or long-term hold scenarios in a premier walkable location near downtown, Little Italy, the waterfront, San Diego International Airport, and some of the city's best dining and cultural attractions. Opportunities to acquire a fully upgraded mixed-use asset of this caliber in Bankers Hill are exceptionally limited.