130 IVY ST, SAN DIEGO CA 92101
- 5,001 sq.ft. lot
Property Description
Matthews Real Estate is pleased to exclusively present the sale of 130 Ivy St. This is a 5-Unit property with (2) 2-bedrooms/1-bathroom units, (2) 1-bedroom/1-bathroom units, & one studio, in the Heart of Bankers Hill. This property is located in one of the most premier neighborhoods in San Diego. A walker’s paradise & Walk Score (95), this property provides all the convenience to Downtown & Little Italy nightlife, Balboa Parks Attractions, and access Interstate 5/Pacific Coast Hwy. This is a flexible investment opportunity to either continue to operate as long-term rentals with upside captured by turning over units and increasing rents to market (approximately 24% rental upside) or transitioning the investment to operate as short term rentals Ample Parking, with 6 off street spaces and 2 car garages. With significant improvements being made to Bankers Hill, the location is irreplaceable. It is a huge opportunity to have a long-term appreciation investment, while updating the original character of the building.
Listing Courtesy of Michael Kasser, Daniel W. Withers
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