2336-2346 Union St - Apartments FOR SALE


San Diego, CA 92101- Bankers Hill
$2,300,000 USD
858-225-8213
2336-2346 Union St, San Diego, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/40
null | 4.44% Cap Rate

2336-2346 Union St
San Diego, CA 92101
Bankers Hill


HIGHLIGHTS

  • Desirable Unit Mix: (4) Large 2BD/1BA units (~950–1000 sq. ft.) + (2) 1BD/1BA units
  • Panoramic Views: Bay, Downtown San Diego, and Point Loma from upper floors
  • Vintage Character + Modern Updates: Built in 1937 with updated kitchens, finishes, appliances
  • Recent Capital Improvements: Dual-pane windows, exterior paint, newer appliances, Sully Jones roof (warranty included)
  • On-Site Amenities: Laundry room + landscaped shared backyard
  • Walkability & Transit: Just blocks from Little Italy, Balboa Park, UCSD Medical Center, Scripps Mercy, and dining

OVERVIEW

Located on the coveted border of Little Italy and Bankers Hill, this pride-of-ownership 6-unit apartment community blends vintage charm with modern upgrades. Built in 1937, the 3-story property features (4) oversized 2BD/1BA units and (2) 1BD/1BA units—many with updated kitchens, modern appliances, walk-in closets, and sweeping views of San Diego Bay, Downtown, and Point Loma. The 2BD units range from approx. 950–1000 sq. ft. Flexible floor plans and thoughtful updates throughout enhance livability and appeal. Recent improvements include dual-pane windows, updated finishes, newer appliances, and a premium Sully Jones roof with warranty. Tenants enjoy an on-site laundry facility and a beautifully landscaped shared backyard—a rare find in this walkable, urban location. Just blocks from top hospitals (UCSD & Scripps Mercy), Balboa Park, California Western School of Law, and the shops and dining of Little Italy. Excellent freeway and airport access make it ideal for professionals and long-term tenants. With steady income, proven tenancy, and value-add potential, this is a rare opportunity to own a character-rich, stable asset in one of San Diego’s most in-demand rental markets. Shown with accepted offer only. Proof of funds and DU approval required.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$467 USD /SF

# OF UNITS

6

PRICE/UNIT

$383,333

CAP RATE

4.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1937

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

RM-3-7

APN/PARCEL ID

533-065-11

ASK ABOUT THIS PROPERTY

John ShannonJohn Shannon - Solace RealtyMore Info
858-225-8213

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John ShannonJohn Shannon - Solace RealtyMore Info
858-225-8213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.