Offices, Live/Work or House in Banker’s Hill
Just Sold $50k over List Price! Welcome to thriving Banker’s Hill & urban sophistication. This classic property sits on a mostly residential block. It was originally built as a detached home about 87 years ago, but has since been converted into offices. The zoning is CC 3-6. Full of classic craftsman interior wood detailings such as boxwood ceilings, built-ins and wainscoting, much of the original interior charm has been preserved. Convert it back into a detached home – recent residential sales suggest a post renovation value of $1.5-1.6m for a detached home. Or convert to Live/Work space, multi-family (Add ADU), or simply use it as-is for your office space.
Great for professional practices such as psychologists, attorneys, Insurance, CPA, etc. Secure parking lot in back with 7 spaces. The land value of this urban property is going up and will soon eclipse the current use value, so urban land-banking is also a great long-term hold option. Current layout has 6 offices with insulated walls, 1 work space, an entry/sitting area, kitchen and 1.5 baths. Central Heat, A/C and 1 fireplace. Current owners had it rented for $6645/month. Property is well maintained & turn-key as Office Space.
Make sure to view the 3-D Virtual Tour link below to right.
Property is co-listed with Paul Sloman, San Diego Investment Real Estate Lic # 00892531
- Property Type: House
- Bedrooms: 5
- Bathrooms: 1
- Square Footage: 2,359
- Price: 1,350,000
- Lot Size: 4854 sf
- Year Built: 1934
- Virtual Tour
- Offices: 6
- Parking: 7 spaces