Address: 2926-34 Fifth Ave, San Diego, CA 92103, USA
Created date: September 28, 2024
Date last updated: September 30, 2024
- In-unit Laundry
- Extensively Renovated Units
- Secure Gated Entry
- On-site Garages | ADU Potential
- Highly Walkable | Dense Retail Corridor
- Adjacent to Main Entry for Balboa Park
- Favorable CC-3-9 Zoning w/Tier 3 Complete Communities Zone (6.5 FAR)
Property Description
Nestled in the heart of Bankers Hill, 2926 Fifth Avenue presents a prime investment opportunity with its blend of turnkey income and redevelopment potential. This fully remodeled Spanish Colonial Revival property features five units - a spacious 2-bedroom and four bright 1-bedrooms - all ready for immediate occupancy. The existing four garages open the door to creating additional Accessory Dwelling Units (ADUs), significantly boosting rental income and property value. 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.