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5-Unit Victorian Apartment Building
New
For Sale
$1,725,000

2140 1st Ave, San Diego, CA 92101

Restored period architecture pairs with updated kitchens, baths, finishes, and a landscaped private backyard.

Property SizeContact for details
Days on Market6

Property Features for 2140 1st Ave

General Information

Standard status Active
Property subtype Commercial

Units

Unit Mix 4 x 1BR, 1 x studio
Multifamily Units 5

Additional Details

Public Transit Yes

Amenities

beautifully maintained grounds
private landscaped backyard
substantial storage area

Building Details

Units 5
Construction Victorian
Listing Agency: Conor Brennan, Broker
Listed By: Conor Brennan · License #01918598
Source: Elliman
Added: Sep 30 Last Checked: Oct 4 at 11:30AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Conor Brennan, Broker

Investment Insights

Based on property information with market context.

At 2140 1st Ave, this five-residence Victorian apartment property comprises four one-bedroom units and one studio, each with its own floor plan. Restoration work retained the building’s historic character while refreshing the exterior and upgrading flooring, kitchens, bathrooms, fixtures, and finishes. Select apartments have bay windows, and expansive walk-in closets are featured. The grounds include a landscaped private backyard, with additional storage beneath the building.

The property is in Bankers Hill, with Balboa Park, Downtown San Diego, Little Italy, and the Waterfront District among the nearby destinations identified. Restaurants, retail, cultural venues, healthcare campuses, and public transportation are also described as accessible within the neighborhood. The provided scores are 80 for biking and 78 for transit.

Key Highlights

  • Five apartments: four one‑bedroom units and one studio
  • Victorian architecture with restoration and interior upgrades
  • Updated kitchens and bathrooms, refreshed flooring, and premium fixtures and finishes

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Butcher Pet Grooming Service Veterinary Clinic Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

5,581
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Restored period architecture pairs with updated kitchens, baths, finishes, and a landscaped private backyard.
Where is this apartment building located?
The property is located at 2140 1st Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Five apartments: four one‑bedroom units and one studio; Victorian architecture with restoration and interior upgrades; Updated kitchens and bathrooms, refreshed flooring, and premium fixtures and finishes
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