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3244-3246 3rd Ave 3246 3rd Ave 2 Unit Apartment Building $1,595,000 ($797,500/Unit) San Diego, CA 92103
Investment Highlights
- Prime Bankers Hill Location, Zoning allows great potential- Current Residential 2 Units, , 100% Tenant Occupied, Front Home-Craftsman with Studio-One
- Development Site: 5140 - Tier 2-
- Value Add- Potential ADU,Possible Office- Work -Live, other Commercial Uses,
Executive Summary
Nestled in the heart of Bankers Hill located in one of San Diego's most walkable and architecturally rich neighborhoods. This beautifully preserved Craftsman home delivers all the charm of original details, character finishes, and timeless craftsmanship. Gracious covered porch with room to gather. Enter home through foyer which sets the tone. Property currently serves as a two unit investment property (tenant occupied). Front house 2BR-1BA with hardwood floors and high ceilings. Washer/Dryer in Kitchen area. Second unit is a studio with a private patio. Large one car garage with long driveway to support off street parking. The current zoning unlocks flexible possibilities. Whether you are an owner- occupant seeking a lifestyle property that pays for itself, a creative professional drawn to the live-work potential, an investor building a multiunit portfolio, or a visionary buyer with an eye toward value-add. Long Term Tenants, Rents below market,
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $3,086 | 1,300 |
| Studios | 1 | $1,330 | 425 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
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3244-3246 3rd Ave | 3246 3rd Ave
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