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For sale
  • Price cut: $200K (7/14)
    $995,000

    2311 State St, San Diego, CA 92101

    4beds
    --sqft
    : 
    Multi Family
    Built in 1925
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    BUYER FAILED TO PERFORM AT NO FAULT TO SELLER. Matthews Real Estate Investment Services is pleased to exclusively present this 2-Unit property with (2) 2-bedrooms/1-bathroom units in Bankers Hill, with one of the units being Non-Conforming. 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.
    83 days
    on Zillow
    |
    1,470
    |
    71
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 13, 2025 at 04:41am

    Listed by:

    Michael G Kasser DRE #02105892 619-382-3750,

    Daniel W. Withers

    Source: SDMLS,MLS#: 250028621MLS LogoOriginating MLS: San Diego Association of REALTOR
    Travel times

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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Cooling
    • Central Forced Air
    Interior area
    • Total structure area: 2,339
    Video & virtual tour

    Property

    Features
    • Levels: 2 Story
    • Fencing: Other/Remarks
    Details
    • Parcel number: 5330650600
    • Zoning: CC-3-4
    • Zoning description: CC-3-4
    • Special conditions: Call Agent

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Other/Remarks
    • Roof: Other/Remarks
    Condition
    • Year built: 1925

    Community & HOA

    Community
    • Security: N/K
    • Subdivision: Downtown Area (DOWN)
    Location
    • Region: San Diego

    Financial & listing details

    • Date on market: 5/27/2025
    • Listing terms: Other/Remarks
    • Tenant pays: Electricity, Gas/Propane
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