2070 Third Avenue

San Diego, CA 92101

$4,200,000
Price
Beds
Baths
7,216 Sq. Ft.
$582 / Sq. Ft.
7,216
Sq. Ft.
$582
per Sq. Ft.

Description

We are pleased to offer for sale the rare opportunity to acquire (2) adjacent fourplexes in the highly desirable neighborhood of Banker’s Hill. Originally built in 1912, these historic apartment buildings were fully renovated in 2018 including new roofs, windows, electrical, and gas lines. The interiors were tastefully renovated with keeping the turn-of-the-century style in this craftsman masterpiece. The units consist of (4) Two Bedroom/One Bath units and (4) One Bedroom/One Bath Units. Some of...We are pleased to offer for sale the rare opportunity to acquire (2) adjacent fourplexes in the highly desirable neighborhood of Banker’s Hill. Originally built in 1912, these historic apartment buildings were fully renovated in 2018 including new roofs, windows, electrical, and gas lines. The interiors were tastefully renovated with keeping the turn-of-the-century style in this craftsman masterpiece. The units consist of (4) Two Bedroom/One Bath units and (4) One Bedroom/One Bath Units. Some of the units feature washer/dryer hook-ups, while there is a communal laundry room for the other tenants to enjoy. There is a bonus non-conforming studio unit on the 3rd Ave property that will provide additional income should the new owner decide to capitalize on this 9th unit.
  1. Listed by Dave Plutner • DRE #01273425 • Brokerage DRE #01273425 • DP Properties • dplutner@gmail.com

Property Details for 2070 Third Avenue

Parking Spaces Total
0
Total Units
8.0
Lot Size Source
Assessor
Building Area Total
7216
Stories Total
2
Entry Level
1
Association Fee
$.00
Zoning
R2
LISTING UPDATED: 01/07/2025 06:59 AM

Property Details for 2070 Third Avenue

StatusActive
MLS #NDP2500192
Days on Market55
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1912
Lot Size0.11 AC / 4,810 SF
CountySan Diego County

Building Information for 2070 Third Avenue

Stories2Residences-Year Built1912Building Size-Lot Size0.11 AC / 4,810 SF

Property Information for 2070 Third Avenue

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $253,740
  • Net Operating Income: $168,014
  • Cap Rate: 4.0
Expense Details
  • Operating Expense: $84,113
  • Insurance Expense: $5,483
  • Trash Expense: $2,640
  • Real Estate Tax Expense: $50,400
  • Total Expenses: $84,113
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
Exterior Features
  • Fence: No
Land/Lot Info
  • Sign on Property: No
  • Additional Parcels Description: 5331741000
  • Lot Features: 0-1 Unit/Acre
Parking Info
  • Uncovered Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $9,880
  • Unit Type Pro Forma: 2600
  • Unit Type Type: 4
Unit Information
  • Number Of Buildings: 2

Property History for 2070 Third Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2070 Third Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Charter - 9 to 12
Charter - K to 8
Rating
School
Distance
Washington Elementary School
PublicK to 5

Roosevelt International Middle School
Public6 to 8

King-Chavez Community High School
Charter9 to 12

Museum School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2070 Third Avenue is a multi-family home for sale in San Diego, CA 92101. This property was listed for sale on January 7, 2025 by DP Properties, it's currently listed at $4,200,000. This listing's school district is San Diego Unified School District. Nearby schools include Washington Elementary School, Roosevelt International Middle School and King-Chavez Community High School. 2070 Third Avenue is a 0-bed, 0-bath, 7,216 sqft multi-family home built in 1912.

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Listing Courtesy of DP Properties, Dave Plutner, DRE #01273425

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