Introducing a rare opportunity to own a Spanish Revival fourplex in the highly desirable neighborhood of Bankers Hill. Set in one of San Diego’s most walkable and sought-after locations, 2328 2nd Ave offers timeless character, flexible living options, strong income potential, and future upside. The property features four beautiful units, including two upstairs 2-bedroom, 1-bath residences with private balconies and two downstairs 1-bedroom, 1-bath residences. The top unit captures beautiful ocean and city views, while the building itself showcases classic Spanish Revival charm throughout. Select units have been tastefully remodeled with engineered hardwood floors, modern fixtures, designer kitchens, and updated finishes. The remaining units have been preserved in great condition, offering original character and immediate rental appeal. Each unit also includes its own dedicated washer and dryer room, adding convenience and functionality for tenants or owner-users. Additional highlights include a newer roof, a spacious driveway with ample off-street parking, and a generous backyard with room to create inviting outdoor living spaces. The lot also presents exciting long-term potential for added density, ADUs, or future development opportunities. Located moments from Balboa Park, Little Italy, the airport, and some of San Diego’s best restaurants, bars, and neighborhood amenities, this property offers an exceptional blend of lifestyle and investment value. Whether you’re looking to live in one unit and rent the others, create a private family compound, or lease the entire property for strong cash flow, this rare Bankers Hill fourplex is a standout opportunity in a premier urban location.
Bedrooms
6
Bathrooms
4
Square Feet
3,250
Lot Size
5,131 sqft
Year Built
1924
Property Type
Single Family Residence
Days on Market
11
HOA Fee
N/A
Garage Total
0
MLS #
IV26121140
Fireplace
See Remarks
Laundry
Inside
Main Level Bedrooms
6
Main Level Bathrooms
4
Lot Features
Back Yard, Front Yard
Sewer
Public Sewer
Water Source
Public
Suburban
$0
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Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
Based on price, location, and features
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