3233 3rd Ave, San Diego, CA 92103

Property Description

Welcome to thriving Banker’s Hill & urban sophistication. This classic property sits on a mostly residential block. It was originally built as a detached home about 87 years ago, but has since been converted into 6 offices. The zoning is CC 3-6. Full of classic craftsman interior wood detailing such as boxwood ceilings, built-ins and wainscoting, much of the original interior charm has been preserved. Convert it back into a detached home (remove a wall, renovate kitchen, add closets, convert workspace to bath) – recent residential sales suggest a post renovation value of $1.5-1.6m for a detached home. Or convert to Live/Work space, multi-family (Add ADU), or simply use it as-is for your office space. Great for professional practices such as psychologists, attorneys, Insurance, CPA, etc. Secure gated parking lot in back with 7 spaces. The land value of this urban property is going up and will soon eclipse the current use value, so urban land-banking is also a great long-term hold option. Current layout has 6 offices with insulated walls, 1 work space, an entry/sitting area, kitchen and 1.5 baths. Central Heat, A/C and 1 fireplace. Small basement area for storage. Current owners had it rented for $6645/month. Property is well maintained & turn-key as Office Space.