3356-3368 2nd Ave - Office/Residential FOR SALE


San Diego, CA 92103- Bankers Hill
$3,800,000 USD
858-285-3769
3356-3368 2nd Ave, San Diego, CA for Sale
$3,800,000 USD
Office/Residential - FOR SALE
1/45
null | Request Cap Rate

NEW


3356-3368 2nd Ave
San Diego, CA 92103
Bankers Hill


HIGHLIGHTS

  • Two-building office property totaling 6,844 SF on a 10,890 SF lot.
  • 20 dedicated on-site parking spaces, including covered options.
  • 22 private offices, five lobbies/waiting rooms, and a gated courtyard
  • Located in Bankers Hill, minutes from Downtown San Diego and the airport.

OVERVIEW

Owner-user office opportunity located in the Bankers Hill submarket of San Diego. The property consists of two office buildings totaling approximately 6,844 square feet on a 10,890 square foot lot. The improvements are configured into 22 private office suites with multiple shared waiting areas, allowing a buyer to occupy a portion of the property while leasing the remaining suites to other professional users. The layout is well suited for professional practices that value privacy, including therapy, healthcare-adjacent services, legal practices, consulting firms, and other professional office users. The property includes QuietRock sound insulation, controlled access, and multiple waiting areas that support confidential client interactions. A buyer can occupy 51% or more of the building while maintaining rental income from the remaining suites. This structure allows an owner-user to control their space while offsetting operating and financing costs through in-place or future tenant income. When fully leased, the property has historically generated approximately $309,000–$325,000 in annual gross income, depending on occupancy and lease structure. The property includes 20 dedicated on-site parking spaces, including covered parking. Off-street parking of this scale is uncommon in the Bankers Hill and Hillcrest area and supports both employee and client access to the building. Additional property features include a gated courtyard, multiple porches and deck areas, mature landscaping, and controlled entry systems that support a professional office environment. Due to the age and architectural character of the buildings, there may be potential eligibility for the Mills Act historic preservation program, which can reduce property taxes for qualified owners who maintain the architectural character of the property. Eligibility and tax impact should be independently verified by a buyer. The property is located in the Bankers Hill neighborhood of San Diego, a centrally located urban submarket immediately adjacent to Downtown, Hillcrest, and Balboa Park. The area benefits from strong long-term demand for professional office space due to its proximity to major employment centers, restaurants, healthcare services, and residential density. The location provides convenient access to Downtown San Diego, San Diego International Airport, Mission Valley, North Park, and coastal communities. The surrounding neighborhood includes a mix of residential, professional office, and neighborhood-serving retail uses. This offering provides a rare opportunity for an owner-user to acquire a centrally located office property with existing income, strong parking, and the ability to increase occupancy over time as tenants roll.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$555 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Bankers Hill Offices

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

RS-1-7

APN/PARCEL ID

452-538-33,452-538-34

ASK ABOUT THIS PROPERTY

Matthew MonterrosoCommercial Asset AdvisorsMore Info
858-285-3769

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

Matthew MonterrosoCommercial Asset AdvisorsMore Info
858-285-3769

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