Property Detail

2140 1st Avenue

San Diego CA 92101

$1,725,000

Status: Active

Property Details

Description

pleased to exclusively present for sale 2140–2144 1st Avenue, a meticulously restored five-unit Victorian apartment community located in the prestigious Bankers Hill neighborhood of San Diego, California. Perched above Downtown San Diego with sweeping views of the city skyline, San Diego Bay, and Point Loma, the property offers a rare combination of historic architectural significance, irreplaceable location, and modernized living accommodations. Following an extensive restoration program, ownership has thoughtfully preserved the property’s timeless Victorian character while incorporating high-quality interior and exterior improvements that rival those found in luxury single-family residences. The property consists of four spacious one-bedroom residences and one studio apartment, with each unit featuring a unique floor plan and distinct architectural character. Recent improvements include a fully refreshed exterior, upgraded flooring, custom-designed kitchens and bathrooms, premium fixtures and finishes, expansive walk-in closets, and bay windows in select units that maximize natural light and capitalize on the property’s elevated setting. Residents further benefit from beautifully maintained grounds and a private landscaped backyard that enhances the overall residential experience. A substantial storage area beneath the building provides additional utility and flexibility for ownership. 2140 1st Avenue presents investors with a compelling opportunity to acquire a boutique multifamily asset in one of SD's most supply contrained and desirable urban neighborhoods. The property’s historic charm, architectural distinction, and premier location create a highly differentiated rental offering that continues to attract quality tenants. Future ownership may further enhance revenue potential through continued interior modernization, the addition of in-unit laundry, and strategic common-area improvements designed to capture premium market rents. Situated in the heart of Bankers Hill, one of San Diego’s most affluent and walkable neighborhoods, the property benefits from immediate proximity to Balboa Park, Downtown San Diego, Little Italy, the Waterfront District, and the region’s largest employment centers. Residents enjoy convenient access to acclaimed restaurants, boutique retail, cultural institutions, healthcare campuses, and public transportation, all within a pedestrian-friendly environment characterized by mature tree-lined streets and historic architecture. With a Walk Score of 95, the location offers an exceptional blend of urban convenience and neighborhood charm. Supported by strong demographic trends, limited housing supply, and consistently high renter demand, Bankers Hill remains one of San Diego’s premier multifamily investment submarkets. 2140–2144 1st Avenue represents a rare opportunity to acquire a trophy-quality historic asset with durable income characteristics, meaningful upside potential, and long-term appreciation prospects in one of Southern California’s most coveted urban neighborhoods.

Map Location

Listing provided courtesy of Conor Brennan of Conor Brennan, Broker. Last updated 2026-10-16 08:39:55.000000. Listing information © 2025 CRMLS.

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

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