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$900,000
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Property Description
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 positioning this properties location for long term growth.
Full Property Details
Full Property Details for 2311 State St
General
- Sold For: $900,000
- Status: Closed
- Type: Multi-Family
- Source: SANDICOR
- MLS ID: 250028621
- Added to Site: 276 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Location
- Area: SAN DIEGO DOWNTOWN (92101)
- County: San Diego
- Subdivision: Downtown Area (DOWN)
- Neighborhood: Bankers Hill
- Complex: Duplex
Heating & Cooling
- Cooling Type: Central Forced Air
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Other/Remarks
- Roof: Other (See Remarks)
- Stories/Levels: 2
- Square Feet: 2,339
- Year Built: 1925
Unit Information
- Units in Building: 2
Lot Features
- Zoning: CC-3-4
- Fencing (Description): Other (See Remarks)
Financial Considerations
- Operating Expenses: $22,775
- Terms: Other/Remarks
- Tenant Pays: Electricity, Gas/Propane
Disclosures and Reports
- Special Conditions: Call Agent
- Property ID: 533-065-06-00
Listed and Sold by Daniel W. Withers (310) 365-5054, Michael G Kasser
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Schools
Schools serving 2311 State St
School District:San Diego City Unified School District
| Name | Grades | Distance |
|---|---|---|
Washington Elementary School, San Diego, CA 1789 State Street, San Diego, CA 92101 | K-5 | 0.4 mi |
Roosevelt International Middle School 3366 Park Boulevard, San Diego, CA 92103 | 6-8 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2311 State St
Date
Details
Price
Change
Source
10/14/2025
Sold
$900,000
-5.26%
MLS
9/16/2025
Price Reduced
$950,000
-4.52%
MLS
7/14/2025
Price Reduced
$995,000
-16.74%
MLS
5/15/2025
Listed
$1,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2311 State St, San Diego, CA 92101 (MLS# 250028621) is a Multi-Family property that was sold at $900,000 on October 14, 2025. Want to learn more about 2311 State St? Do you have questions about finding other Multi-Family real estate for sale in South San Diego? You can browse all South San Diego real estate or contact a Coldwell Banker agent to request more information.

