418 W Ivy Street, Downtown, CA 92101

$1,950,000

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List Price
$1,950,000
Status
ACTIVE
MLS#
260024083SD
Year Built
1917
Lot Size
4,165
Acres
0.10
Days on Market
2
Property Type
Multifamily
Stories
Two Levels

Property Description

Beautifully remodeled 1917 Craftsman with views of the San Diego Bay + detached two additional units in prime Bankers Hill / Little Italy location. This 3-unit property offers exceptional flexibility for owner-occupants or investors, just steps from Balboa Park, the San Diego Bay waterfront, and the best dining and shopping in 92101. The front home has been extensively upgraded with high-end finishes (including Moroccan brass fixtures), dual-pane windows, updated plumbing and electrical, new roof, new HVAC system and foundation and retaining wall improvements. Enjoy multiple outdoor living areas including a front porch, rear deck with bay views, and private yard spaces with two mature avocado trees. Three tandem parking spaces serve the main home. The rear structure features two studio units with private access and laundry hookups conveniently located beneath the rear deck —ideal for rental income, multigenerational living, or guest use. Property has been operated as a successful furnished rental and offers strong income potential (currently running at 84% occupancy). A turnkey opportunity in one of Downtown San Diego’s most walkable and desirable neighborhoods.

Additional Information

Heat
Forced Air
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
View
Bay
Roof
Composition
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$170,472

Listing courtesy of Listing Agent: Christina Labowicz (christina@aciapartments.com) from Listing Office: ACI Apartments.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.