Three-Story Mixed-Use
For Sale
$2,669,000
2368 2nd AVE, San Diego, CA 92101
COMMERCIAL - San Diego, CA
Property Size3,800 SF
Lot Size0.13 Acres
Price / SF$702.37
Days on Market155
Property Features for 2368 2nd AVE
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Corner, Free Standing, Remarks
Directions
LAUREL- TO 2ND AVE
Subdivision
SAN DIEGO DOWNTOWN (92101)
Standard status
Active
APN
533-182-11-00
Size
3,800 SF
Lot size
0.13 Acres
Utilities
Heating system
Natural Gas, Central, Forced Air
Cooling system
Central Air, Gas (Cooling)
Building Details
Floors in Building
3
Number of units
1
Flooring type
Wood
Roof type
Composition
Listing Agency:
Keller Williams San Diego Metro · Keller Williams Realty
(619) 233-5935
Listed By:
Salvatore W Cefalu · License #01435914
(858) 243-4554
Added: Feb 26
Changed: Jul 21
Last Checked: Jul 31 at 4:06AM
MLS# 260005708
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 2368 2nd AVE in San Diego, CA 92101, this three-story structure is listed as a mixed-use property with historic designation noted in the remarks. The current use is owner-occupied, and the building is offered for sale.
The listing describes independently accessible floors, each with private ingress, allowing the space to be leased, operated, and occupied in a coordinated manner. Onsite parking is also identified as part of the property.
With a total property size of approximately 3,800 square feet on a 0.1251-acre lot, the building is positioned at the intersection described as Bankers Hill, Balboa Park, and Airport. Mixed-use zoning flexibility is specifically referenced in the listing as a key attribute of the asset.
The listing describes independently accessible floors, each with private ingress, allowing the space to be leased, operated, and occupied in a coordinated manner. Onsite parking is also identified as part of the property.
With a total property size of approximately 3,800 square feet on a 0.1251-acre lot, the building is positioned at the intersection described as Bankers Hill, Balboa Park, and Airport. Mixed-use zoning flexibility is specifically referenced in the listing as a key attribute of the asset.
Key Highlights
- 3‑story structure at the intersection of Bankers Hill, Balboa Park, and Airport
- Mixed‑use zoning offers flexibility for ground‑floor retail and upper‑level residences or offices
- Independently accessible floors with private in‑egress for separate leasing and occupancy
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.8k | $36.00 |
| − Vacancy | −$5.8k | −$1.52 |
| EGI | $131.0k | $34.48 |
| − OpEx | −$39.3k | −$10.35 |
| NOI | $91.7k | $24.14 |
3,800 SF · lease $36.00/SF/yr · vacancy 4.21% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,729 @ 7.0% cap · market cap 3.44%
Second Best
Office B
$1.05M
$917.0K – $1.22M
NOI $73,359 @ 7.0% cap · market cap 2.75%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,062 @ 7.0% cap · market cap 3.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,728
Businesses Nearby
Explore this area
Business Placement
Demographics for 92101, CA
47,505
Population
32,909
Households
1.4
Avg Household Size
39
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
8,797
Density / Sq Mi
$90,477
Median Household Income
$72,371
Median Earnings
$2,351
Median Rent
$740,500
Median Home Value
Market
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Three-story mixed-use building with independently accessible floors, private ingress, and onsite parking for flexible use.
Where is this office units located?
The property is located at 2368 2nd AVE San Diego, CA.
What is the asking price?
The asking price for this property is $2,669,000.
What are key features of this property?
This property features: 3‑story structure at the intersection of Bankers Hill, Balboa Park, and Airport; Mixed‑use zoning offers flexibility for ground‑floor retail and upper‑level residences or offices; Independently accessible floors with private in‑egress for separate leasing and occupancy
