Banker's Hill Villas

Bankers Hill, sometimes known as Park West, is a long established uptown San Diego neighborhood near Balboa Park. It is bordered to the north by Hillcrest (at Upas St.), to the south, past Date Street, by Downtown (at Interstate 5, the San Diego Freeway), to the east by Balboa Park, and the west by Interstate 5, Little Italy and the neighborhood known as Midtown. The area is primarily residential south of Laurel Street and west of 5th Avenue. Many new construction projects are ongoing, creating condominiums along 6th Avenue facing the park. Locations further west allow an elevated, panoramic view of Downtown, San Diego Bay, the airport, Coronado, Harbor Island and Mount Soledad. Many homes date from the late 19th century, including some which have been restored as offices or bed-and-breakfast inns. Architects Irving Gill, William Hebbard, Richard Requa, and Frank Mead designed homes in this area. The area acquired the name "Bankers Hill" because of its reputation as a home for the affluent.ACRE Investment Real Estate Services is pleased to present 2132 Brant Street, an eight (8) unit apartment opportunity located in San Diego’s very desirable Banker’s Hill neighborhood. Originally constructed in 1938 and extensively renovated throughout 2013, this offering encompasses one 2,756 square foot two-story structure situated on a 4,793 square foot lot. The building is comprised of eight (8) studio units all of which are offered to residents fully furnished. Renovations include but are not limited to new kitchens and baths, flooring, lighting, windows and individual AC units. This building can be accessed from either Brant or Union Street and offers select tenant parking, on-site laundry, Downtown and Bay views and very convenient access (walk score 94) to Banker’s local hot spots, Little Italy, Gaslamp Quarter and Balboa Park. The new owner will enjoy the security of having the property situated near other comparable rental properties, local shopping, hip neighborhood restaurants and bars, as well as having easy access to Interstate 5 and 163 Freeway. This opportunity is perfect for the long-term investor seeking a well-positioned asset with immediate rental upside and strong future cash flow. ***Building is permitted as three (3) units. Current ownership reconfigured the existing structure to eight (8) studios. Residential financing options are available.