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2919 Ivy St San Diego, CA 92104

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For Sale
$2,595,000

Four fully furnished studio apartments in a desirable San Diego location.

Lot size:
0.05 Acres

Property Features for 2919 Ivy St

General Information

Property type
Investment
Standard status
Active
Lot size
0.05 Acres

Building Details

Year built
1912

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Listing Contact
Conor Brennan
Source: Elliman

Listing Agent: Conor Brennan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

South Park Multifamily Investment Opportunity

Located in the South Park neighborhood, this multifamily property at 2919 Ivy Street presents an opportunity to acquire a 4-unit building. Known as The Heron on Ivy, the property overlooks Balboa Park and offers modern finishes. The property consists of four fully furnished studio apartments, each approximately 450 square feet. Each unit features open layouts, abundant natural light, and high-quality finishes. The units are separately metered and include utilities and high-speed internet. The property generates an effective gross income of $17,587 per month, or $211,054 the trailing 12 months. The location has a Walk Score of 88 out of 100, meaning tenants can accomplish most errands on foot. The property is located steps from dining, coffee, and wine-bar destinations including Café Madeleine, The Rose and Station Tavern.
Location Intelligence

Current Use by Public Records

The Heron On Ivy Bed & Breakfast

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
San Diego
County
San Diego
State
California
Longitude
-117.131477
Latitude
32.7284409

FAQs

What type of property is this?
Quadplex - Four fully furnished studio apartments in a desirable San Diego location.
Where is this quadplex located?
The property is located at 2919 Ivy St San Diego, CA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: - Prime location in the highly desirable South Park neighborhood, overlooking Balboa Park.; - Fully furnished, remodeled studio apartments with modern finishes and abundant natural light.; - Strong cash flow with an effective gross income of $211,054 over the trailing 12 months.
More about this property
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