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2926 5TH AVENUE, San Diego, CA 92103

Commercial property

2926 5TH AVENUE, San Diego, CA 92103 Sold February 2025 CRMLS
$2,000,000Sold February 2025

Listing Agent: Aziz Zakkout (DRE #01911009) · Listing Office: Zakkout Real Estate Services · Contact: 858-531-4442 · Bought with: Aziz Zakkout · Zakkout Real Estate Services · MLS #250000601SD · Source: CRMLS

5
Units
4.20%
Cap Rate
$100,683
NOI
4,792 sqft
Lot Size
cc-3-9
Zoning
Commercial property
Type

About this commercial property

*Revised income and pricing* 2926 Fifth Avenue presents a prime investment opportunity with its blend of extensively renovated and turnkey income and redevelopment potential. This fully remodeled Spanish Colonial Revival property features five units - a spacious 2-bedroom 1-bath and four 1-bedroom 1-bath all turn-key ready. The existing four garages open the door to creating additional Accessory Dwelling Units (ADUs), significantly boosting rental income and property value. Nestled in the heart of Bankers Hill, 2925-2934 Fifth Avenue offers the perfect blend of urban convenience and neighborhood charm. Residents will relish the neighborhood's historic charm and urban convenience, with Balboa Park, the San Diego Zoo, and Little Italy's vibrant scene all within walking distance. Everyday errands are a breeze with shops, cafes, and grocery stores nearby. Plus, the Uptown District's ongoing revitalization promises even more retail and dining options in the near future. This property is perfect for investors seeking both immediate cash flow and long-term growth potential in one of San Diego's most desirable locations. The subject property places you steps away from the vibrant energy of downtown San Diego, while still enjoying the leafy tranquility of Balboa Park that defines this historic community.

Listing description from the February 2025 sale, as reported to CRMLS.

Sale history

$2,000,000
Sold February 2025 · listed $2,400,000, orig. $2,500,000, on market January 2025 · MLS #250000601SD · Source: CRMLS
Listing Agent: Aziz Zakkout · Listing Office: Zakkout Real Estate Services · Contact: 858-531-4442 · Bought with: Aziz Zakkout · Zakkout Real Estate Services
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