304 Kalmia St, San Diego, CA 92101

About this commercial property

Fantastic free-standing Corner Lot office building in BANKERS HILL. Currently used as individually leased office tenancy with ample options to improve, remodel or convert. First time for sale in decades. Building includes 2 stories plus a free standing basement/workshop, and 9 available off street parking spaces. Downstairs features entry foyer/lobby with 3 office spaces, a beautiful common-area conference room featuring built-ins and a fireplace/hearth, 1/2 bathroom and beverage area/storage area (all common use). Upstairs features 1.5 bathrooms and 5 office spaces, 2 of which have direct access from outside staircase and balcony. Full height basement/workshop with separate access. Tile Roof, Full HVAC (dual zone). 1 gas and 1 electrical meter for property (owner pays for utilities). Units and building has been underutilized for some time, although professionally managed, the ownership has not been prioritizing occupancy. Some stable tenants with desire to stay on with new owner if possible. See attached documentation for zoning and several permitted uses for this property. Perfect for owner-user, great investment and/or development opportunity potential. FANTASTIC location in the Bankers Hill Submarket of the metro-area of San Diego. This building is walking distance to Balboa Park, Accessible to major transit, minutes to Downtown, the airport and easy freeway access. Seize the opportunity potential to transform this building into its highest and best use. Act now as a property like this, in this location is RARE to market. Proforma is based on full occupancy in current condition.

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

Sale history

$1,369,000

Sold July 2025 · listed $1,399,999, on market May 2025 · MLS #250027543SD · Source: CRMLS

Listing Agent: Michael Wolf · Listing Office: Coldwell Banker West · Contact: 619-325-4100 · Bought with: Recip Agent · Multi-Regional MLS

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