2565 Columbia Street

San Diego, CA 92103

$1,695,000

Listed Price
5

bed Beds

4

shower Baths

2,100 sqft

straighten $807 / sqft

1939

calendar_month Built

Property Description

Price reduced! Charming, renovated 1939 triplex perfect for owner-occupant. Downtown/Bay views. Extremely well-located at the junction of highly desirable Middletown, Mission Hills, and Bankers Hill. Tenant occupied, but possibility for owner-occupant - call for details. 2 structures. 5,621 SF corner parcel. Front is a 2bed/2bath turnkey house est. @ 1,100 SF w/ private side covered porch with exclusive Downtown and bay views. Interior has been tastefully renovated - all new kitchen/baths, lighting, flooring, paint, SS appliances, cabinets. Rented to long-term tenant at $4.5K/month. Rear 2-story duplex w/ (2) 1bed/1bath units, est. @ 500 SF each, rented to month-month tenants. These units have been recently refreshed but are primed for further upgrades + rent upside. Tenants enjoy private fenced front/side yard areas for additional outdoor relaxation/BBQ space. Newer windows, electrical upgrades, newer mini-split HVAC systems, and exterior landscaping upgrades with new fencing, paint, and drought-tolerant plants. 2 carports offering at least 3 off-street parking spaces and a common-area laundry room for additional income. All units have some views of either Downtown, the Bay or both. Zoned RM-2-5; base density of 1 unit/1,500 SF of land. Complete Communities (Tier 3/6.5x FAR) and Transit Priority Area Overlay zones, both of which lend significant density bonus potential and reduced parking requirements in this prized, coastal location. Fantastic long-term opportunities for investors and developers to explore significant high-density development options. Seller has confirmed any preexisting historical restrictions can be waived; airport authority will allow up to 60’ max. new bldg. height, and has also completed a preliminary architect feasibility study for development of 20-40 multifamily units. Don’t miss this fantastic opportunity to acquire a value-add coastal asset with healthy current income and development potential in one of San Diego’s most desirable residential submarkets!

Interior Features

Bedroom Information
Bedrooms 5
Bathroom Information
Bathrooms 4
Fireplace Information
Features None
Interior Information
Cooling Type Ductless

Listing Information

Address 2565 Columbia Street
City San Diego
State CA
Zip 92103
County San Diego
Listing Agent Max Delbecq DRE#01964069
Co-Listing Agent Kenneth Herskind DRE#01872460
Courtesy Of Top Gun CRE
MLS PTP2401263
List Price $1,695,000
Status Active
Type Residential
Subtype Triplex
Structure Size 2,100
Lot Size 5,621
Year Built 1939
DOM 35

Exterior Information

Maps

Listing information courtesy of: Max Delbecq, Kenneth Herskind, Top Gun CRE . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 9th, 2024 at 7:47 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.