Matthews Real Estate Investment Services is pleased to exclusively present this 2-Unit property with (2) 2-bedrooms/1-bathroom units in Bankers Hill. This property is zoned commercial, CC-3-4, which has multiple uses per city zoning code. Opportunities for retail, office and a potential third unit would be ideal for this location. A walker’s paradise & Walk Score (91), this property provides all the convenience to Downtown & Little Italy nightlife, Balboa Parks Attractions, and access Interstate 5/Pacific Coast Hwy. The units are significantly below market. A new buyer can capitalize on bringing rents up, with approximately 83% rental upside. This is an ideal site for short-term rental located just across the Highway from Little Italy. Bankers Hill is seeing lots of activity in relation to new apartment development showing the strength of the neighborhood, positioning this properties location for long term growth.
For sale
$1,195,000
2311 State St, San Diego, CA 92101
4beds
2,339sqft
Est.:
Res Income 2-4 Units
Built in 1925
-- sqft lot
$-- Zestimate®
$511/sqft
$-- HOA
What's special
- 9 days
- on Zillow |
- 998 |
- 63 |
Zillow last checked: 7 hours ago
Listing updated: May 29, 2025 at 03:28pm
Listed by:
Michael G Kasser DRE #02105892 619-382-3750,
Daniel W. Withers
Source: SDMLS,MLS#: 250028621

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Cooling
- Central Forced Air
Appliances
- Included: Dishwasher, Range/Oven, Refrigerator, Dryer, Washer
- Laundry: Unit 1 Laundry Hookup, Unit 2 Laundry Hookup
Features
- Has fireplace: No
Interior area
- Total structure area: 2,339
- Total interior livable area: 2,339 sqft
Video & virtual tour
Property
Features
- Levels: Two
- Stories: 2
- Patio & porch: # of Units w/Patios: 1
- Fencing: Other/Remarks
Details
- Parcel number: 5330650600
- Zoning: CC-3-4
- Special conditions: Call Agent
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Res Income 2-4 Units
Materials
- Other/Remarks
- Roof: Other/Remarks
Condition
- Year built: 1925
Community & HOA
Community
- Subdivision: Bankers Hill
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $511/sqft
- Date on market: 5/27/2025
- Listing agreement: Exclusive Right (R)
- Listing terms: Other/Remarks
- Total actual rent: 3610
- Tenant pays: Electricity, Gas/Propane
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