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Coldwell Banker Realty
130 Ivy St, Downtown, CA 92101
- $1,925,000
- Sold Price
- $1,925,000
- List Price
- $2,089,000
- Closing Date
- Oct 27, 2025
- Status
- CLOSED
- MLS#
- 250025393SD
- Days on Market
- 94
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
PRICE ADJUSTMENT! 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.
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Additional Information
- Cooling
- Yes
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $139,236
- Operating Expense
- 61721
Listing courtesy of Listing Agent: Michael Kasser (michael.kasser@matthews.com) from Listing Office: Daniel W. Withers.
Listing sold by Danijela Ripley from Compass
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.