San Diego, CA 92101 2311 State St
$995,000
29 more
Presented By: Michael G Kasser with Daniel W. Withers - 619-382-3750;
- MLS# 250028621
- 05/15/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 4
Baths • 2
Home Details
BUYER FAILED TO PERFORM AT NO FAULT TO SELLER. Matthews Real Estate Investment Services is pleased to exclusively present this 2-Unit property with (2) 2-bedrooms/1-bathroom units in Bankers Hill, with one of the units being Non-Conforming. This property is zoned commercial, CC-3-4, which has multiple uses per city zoning code. Opportunities for retail, office and a potential third unit would be ideal for this location. A walker’s paradise & Walk Score (91), this property provides all the convenience to Downtown & Little Italy nightlife, Balboa Parks Attractions, and access Interstate 5/Pacific Coast Hwy. The units are significantly below market. A new buyer can capitalize on bringing rents up, with approximately 83% rental upside. This is an ideal site for short-term rental located just across the Highway from Little Italy. Bankers Hill is seeing lots of activity in relation to new apartment development showing the strength of the neighborhood, positioning this properties location for long term growth.
Presented By: Michael G Kasser with Daniel W. Withers - 619-382-3750;
Interior Features for 2311 State St
Bedrooms
Total Bedrooms4
Bathrooms
Half Baths0
Total Baths2
Other Interior Features
Air Conditioning Y/NNo
Basement[]
Common Walls[]
Fireplace Features[]
Fireplace Y/NNo
Flooring[]
Heating Y/NNo
Interior Amenities[]
Laundry Features[]
Total Stories2
Window Features[]
Other Rooms
Room Type[]
General for 2311 State St
Accessibility[]
Appliances[]
Architectural Style[]
Association Amenities[]
Association Fee Includes[]
Attached Garage No
Body Type[]
Building Area UnitsSqft
Building NameDuplex
Business Type[]
Buyer Financing[]
Cap Rate0.0
CitySan Diego
Community Features[]
Construction Materials[u'Other/Remarks']
Cooling[u'Central Forced Air']
CountySan Diego
Current Use[]
Disclosures[]
Electric[]
FinancialDataSource[]
FreeholdIDX
Green Building Verification Type[]
HOANo
Heating[]
Lease Type[]
Levels[u'2 Story']
Living Area UnitsSqft
Lot Size UnitsAcres
MLS AreaMetro Central
ModificationTimestamp2025-07-30T16:22:02Z
New ConstructionNo
Number Of Units Total2
Operating Expense22775.0
Other Structures[]
Patio/Porch Features[]
Pets Allowed[]
Pool Features[]
Possession[]
Possible Use[]
Property Attached Y/NNo
Property Condition[]
Property SubtypeRes Income 2-4 Units
Property TypeResidential Income
Rent Includes[]
Roof[u'Other/Remarks']
Security Features[u'N/K']
Senior Community Y/NNo
Sewer[]
Spa Features[]
Standard StatusActive
StatusBACK ON MARKET
Structure Type[]
Subdivision NameDowntown Area (DOWN)
Tenant Pays[u'Electricity', u'Gas/Propane']
Utilities[]
View[]
Virtual TourClick here
Year Built1925
ZoningCC-3-4
Exterior for 2311 State St
Building Area Total2339.0
Exterior Amenities[]
Fencing[u'Other/Remarks']
Foundation Details[]
Frontage Type[]
Lot Features[]
Lot Size Area0.0
Number of Buildings1
Other Equipment[]
Parking Features[]
Skirt[]
Water Source[]
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate