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2328 2nd Avenue, San Diego, CA 92101

$2.40M6bd · 4ba · 3,250 sqft
Lot 5,131 sqft•Single Family Residence•
Active
•34d on market•MLS# IV-26198523

Property Description

A rare Spanish Revival fourplex in the heart of Bankers Hill, 2328 2nd Ave combines timeless architectural character, an exceptional central location, and compelling long-term investment potential. The property consists of four residences: two spacious 2-bedroom, 1-bath units upstairs with private balconies and two 1-bedroom, 1-bath units downstairs. One of the upper residences enjoys beautiful ocean and city views, adding to the property’s unique appeal. Classic Spanish details are complemented by thoughtful updates throughout the building. Select units have been tastefully remodeled with engineered hardwood flooring, designer kitchens, modern fixtures, and updated finishes, while the remaining residences have been well maintained and retain their original charm. Each unit also benefits from its own dedicated washer and dryer room, providing added convenience for residents. Additional highlights include a newer roof, a large driveway with ample off-street parking, and a generous backyard offering excellent potential for outdoor living and entertaining. The property may also provide future upside through additional density, ADUs, or redevelopment possibilities, allowing a new owner to explore ways to further enhance the site. Positioned just moments from Balboa Park, Little Italy, Downtown, the airport, and many of San Diego’s best restaurants, cafés, and neighborhood destinations, the location offers an outstanding urban lifestyle with exceptional accessibility. Whether envisioned as an owner-occupied investment, multi-residence property, or fully leased income-producing asset, 2328 2nd Ave presents a unique opportunity to own a distinctive piece of Bankers Hill.

Features & Amenities

DowntownFeeBuilt 1924

Property Details

Subdivision
Downtown
Land Type
Fee
Year Built
1924
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
0
Garage Spaces
0
Cooling
None
View
City Lights, Coastline, Water
City
San Diego
Zip Code
92101
County
San Diego
Listed byDOLAN REALTY COMPANY, DENIS I DOLGINOV

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$12,135.20
Principal & Interest
Loan Amount
$1,919,920
Total Interest
$2,448,752
Total Payment Over 30 Years
$4,368,672
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Downtown

This property is located in Downtown, a community in San Diego. Explore more listings in this neighborhood to compare options and pricing.

View Downtown Listings

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

2328 2nd Avenue, San Diego, CA 92101

Downtown · San Diego · Single Family Residence

$2.40M
Luxury Tier
Beds
6
Baths
4
Sqft
3,250
Lot
5,131 sqft
Year
1924
$/Sqft
$738
Pool: No✓
View: city✓

Listed 12.9% below the median closed sale of $2,756,000. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $2.40M· $738/sqft
Total list price
Closed comps
vs closed median $2.76M
−$356K (−12.9%)
Active comps
vs active median $2.69M
−$295K (−10.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $866
−$128 (−14.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
12919 Chaparral Ridge RoadSan Diego1989543,1096,357$867$2.69M965
2920 Bancroft StreetSan Diego1947763,3845,900$709$2.40M1065
4801 AcademySan Diego2026562,9234,356$1,249$3.65M2062
2164 Tokalon StreetSan Diego1970533,2728,276$866$2.83M2457
11707 Aspen ViewSan Diego1998632,7095,852$640$1.74M2452
Total: 5 · Average5.64.43,079.46,148.2$866.2$2.66M17.4
Median3,109$2.69M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
4527 Narragansett AvenueSan Diego199809/30/2026553,4576,969$3.50M$3.50M$1,0121.002661
15626 Peters Stone CtSan Diego201308/26/2026553,7487,373$2.75M$2.77M$7381.003957
2812 Poinsettia DriveSan Diego201107/22/2026543,6038,382$2.98M$2.76M$7650.927856
11086 Cedarcrest WaySan Diego200009/23/2026633,1695,872$1.90M$1.80M$5700.956055
5535 Porter Creek RoadSan Diego200307/31/2026532,7245,127$2.30M$2.49M$9141.082152
Total: 5 · Average5.24.03,340.26,744.6$2.66M$2.66M$799.8—44.8
Median3,457$2.76M$2.76M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.