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$4,300,000
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Property Description
Presenting an exceptional investment opportunity in Bankers Hill. Nestled in the heart of the prestigious Bankers Hill neighborhood, this 8,876 SF multifamily property, built in 1965 and zoned R-3, exempli?es a harmonious blend of timeless charm and modern-day convenience. Comprising 13 meticulously maintained units (originally 14 unit/owners unit comprised of two units) and boasting 100% occupancy, this property is a turnkey investment that stands out in today's competitive market. One of the standout features is the luxurious owner's unit, a spacious two-bedroom, two-bathroom residence that truly sets this property apart. This unit showcases a grand terrace o?ering stunning views of the iconic San Diego Bay, with those breathtaking vistas extending to the living room and kitchen. Inside, the soaring wood beam vaulted ceiling creates an inviting and open atmosphere, enhanced by custom wood cabinetry and built-in bookshelves, adding both character and practical storage. The custom kitchen and bathrooms are designed with high-quality ?nishes, o?ering both style and functionality, while the central air ensures year-round comfort. Elegant window shutters complete the polished aesthetic of this unique living space. The remaining units consist of four studios, each o?ering e?cient, cozy living spaces, ?ve one-bedroom, one-bath units, designed with comfortable layouts that appeal to a variety of renters, and three two-bedroom, one-bath units, ideal for those seeking extra space.
Full Property Details
Full Property Details for 2920 First Ave.
General
- Sold For: $4,300,000
- Status: Closed
- Type: Multi-Family
- Source: SANDICOR
- MLS ID: 250018021
- Added to Site: 466 day(s) ago
Additional Information
- Shared Amenities: None
Parking
- Garage Spaces: 6
Location
- Area: MISSION HILLS (92103)
- County: San Diego
Unit Information
Unit 1
- Total Bathrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Total Bathrooms: 2
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.21
Listed and Sold by Acre Investment Real Estate (760) 809-3626, Bill Anderson
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Schools
Schools serving 2920 First Ave.
School District:San Diego City Unified School District
| Name | Grades | Distance |
|---|---|---|
Florence Elementary School 3914 First Avenue, San Diego, CA 92103 | K-5 | 0.9 mi |
Roosevelt International Middle School 3366 Park Boulevard, San Diego, CA 92103 | 6-8 | 1 mi |
San Diego High School 1405 Park Boulevard, San Diego, CA 92101 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2920 First Ave.
Date
Details
Price
Change
Source
4/29/2025
Sold
$4,300,000
-12.24%
MLS
2/03/2025
Listed
$4,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2920 First Avenue, San Diego, CA 92103 (MLS# 250018021) is a Multi-Family property that was sold at $4,300,000 on April 29, 2025. Want to learn more about 2920 First Avenue? Do you have questions about finding other Multi-Family real estate for sale in Park West? You can browse all Park West real estate or contact a Coldwell Banker agent to request more information.

