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In-PersonVirtual Tour
$ 2,495,000
Est. payment | /mo
5,623 Sqft Lot
$ 2,495,000
Est. payment | /mo
5,623 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260010068SD
HOA Y/N No
Lot Size 5,623 Sqft
Property Sub-Type Mixed Use
Property Description
Opportunity to acquire a well-maintained, 3-story, six-unit apartment property on Columbia Street, ideally situated between Mission Hills, Little Italy, and Bankers Hill. The property consists of two buildings. The front building at 2801–2807 Columbia Street features four spacious two-bedroom, one-bath units, three garages, and a shared laundry facility. The rear building at 962–964 W. Olive Street—accessed via a walkway along the south side of the property—offers two additional two-bedroom, one-bath units. All six residences provide over 900 square feet of living space and feature neutral finishes, abundant natural light, and private outdoor areas that enhance tenant appeal. The property is thoughtfully equipped with a new water heater, upgraded electrical panels, central forced heating, dual-pane windows, and hardwood flooring. Five of the six units boast west-facing balconies with sweeping views of the downtown San Diego skyline, San Diego Bay, and the Pacific Ocean. Residents can take in stunning sunsets, coastal breezes, and even watch planes arrive and depart—creating a uniquely dynamic urban-coastal living experience. This asset has demonstrated strong appeal to long-term tenants, contributing to stable occupancy and consistent cash flow. Its highly desirable location and unit mix position it for continued long-term appreciation in one of San Diego's most sought-after rental markets. Tenants are responsible for the majority of utilities per their lease terms, while ownership covers water, hot water, and trash.
Location
State CA
County San Diego
Area 92103 - Mission Hills
Zoning RM-2-5
Interior
Heating Forced Air
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 3
Others
Tax ID 4516620700
Acceptable Financing Cash, Cash to New Loan, FHA, Submit, VA Loan
Listing Terms Cash, Cash to New Loan, FHA, Submit, VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/snd/260010068
Listed by Steven Cairncross Berkshire Hathaway HomeServices California Properties #00859218