2530 Albatross St, San Diego, CA 92101

Property Description

We are pleased to present 2530 Albatross St - A solid performing and well-kept investment asset with enormous upside potential for further development. Favorable RM-3-7 zoning allows for one unit per 1,000 sq.ft. of lot size. The 5,158 sq.ft. lot has the potential for up to 5 units! This beautiful duplex is situated in the heart of Bankers Hill, just six short blocks to Little Italy and seven blocks to Balboa Park, it is perfectly appointed for you to live in one unit and rent the other. Each over-sized unit, with 1,200+ sqft/unit, has 2 bedrooms and 1 bathroom. Mature greenery, trees and flowering plants line the walk way to your new property. Each unit includes a spacious living room with all the charm and comfort expected of this stately investment. Picture windows set each room aglow with warm natural sunlight and views of the surrounding neighborhood. The private backyard has an exposed brick patio, a lush green lawn, and tree-lined fence for additional privacy. The two-car garage and driveway allow plenty of space for parking and storage. The property is currently operated as a long-term rental, and would make for a great short-term vacation rental due to its proximity to Balboa Park, downtown San Diego, and the beaches. The numerous upside value-add potential opportunities include 1) Increasing rents to market rent, 2) operating as short-term vacation rental to maximize revenue, or 3) develop up to 6 units with potential ocean views from the top units. With a remodel, this property could also be converted back into a single family home as the lot is zoned for 1-5 units Neighborhoods: Bankers Hill Exterior: Wood/Stucco Other Fees: 0 Unit # for Unit 1: 1 Unit # for Unit 2: 2 Number of Furnished Units: 0 Topography: LL