Glad to introduce for sale 2127 Front Street, a great +/-1980's-built four-plex in Bankers Hill, within walking distance (+/-3 blocks) to Little Italy, boasting tremendous potential for adding value to the (4) existing 1-bedroom/1-bathroom units (+/-730 SF each) via modernization, and/or by adding more density to the site in one… Read More way or another, on a +/-5,236 SF lot with favorable zoning. The current building is essentially two and a half stories tall, comprised of all spacious 1-bedroom/1-bathroom units of similar design, each with generous living areas, modest yet functional kitchens, quasi open floor plans, and a roomy bedroom with large walk-in closet. There are peek bay/water views currently from most units, common entry is gated with dial pad access, and there is commercial laundry equipment on site for tenants use. The parking situation at 2127 Front Street is excellent, with 5 surface off-street spaces, one of which is tandem. There is a large parking area in front, with a common area walkway/bbq area in back. Units are separately metered for gas and electricity, the roof is flat, windows have been upgraded with dual-pane vinyl, and yet unit interiors could use a refresher or a reset. There seems plenty of room to add in-unit laundry if one were so inclined. All units feature west-facing views, allowing for beautiful evening sunsets over the San Diego Bay with the thrill of planes flying overhead throughout the day, as many tourists and residents alike arrive to this fine city nearby. Read Less
Courtesy of Palma Commercial, , Joseph A Burrough.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Res Income 2-4 Units
Beds
4
Full Baths
4
Lot Size
0.12 Acres
Year Built
1980
MLS Number
260013953
Additional Details
Building
Built in 1980, Building area total: 2920, 1 number of building, 2 stories total, Living area: 0, Living area units: Sqft, Building area units: Sqft, Building name: NA, 4 total units, "Stucco", "2 Story"
Cooling
"N/K"
Expenses
Operating expense: $37,357
Fence
"Gate", "Partial"
Water Features
Irrigation source: "N/K", Water source: "Meter on Property"
Heating
"Radiant"
Income
Gross scheduled income: $99,240
Lot
5,236 size sqft, Size units: Acres
Property
Property subtype: Res Income 2-4 Units, Property type: Residential Income, "Bay", "City", "Evening Lights", "Ocean"
Roof
"Rolled/Hot Mop"
Security Features
"Other/Remarks"
Tenant Pays
"Electricity", "Gas/Propane"
Utilities
"Sewer Connected"
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