Skip main navigation
For sale
  • $1,195,000

    2311 State St, San Diego, CA 92101

    4beds
    2,339sqft
    : 
    Res Income 2-4 Units
    Built in 1925
    -- sqft lot
    $-- Zestimate®
    $511/sqft
    $-- HOA

    What's special

    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.
    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#: 250028621MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 2311 State St.

    Next available tour time:Today at 11:30am

    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
    • Loading
    • Loading