Presenting a rare opportunity to acquire a landmark, historically designated, 18-unit apartment building situated directly across the street from Balboa Park — one of San Diego's most iconic destinations and the cultural heart of the city. Located at 525-531 Nutmeg Street, this character-rich 1930s property sits in one of San Diego's most desirable and supply-constrained residential neighborhoods, offering investors immediate income with long-term appreciation potential in a location that simply cannot be replicated. All 18 units are occupied with lease agreements in place, providing day-one cash flow. The seller-owned appliance package — 18 refrigerators and 18 ovens/stoves — transfers with the sale. On-site laundry adds additional convenience for tenants and further supports occupancy retention. Balboa Park's 1,200 acres of museums, gardens, trails, and the world-famous San Diego Zoo are steps from the front door — a leasing advantage that keeps this building competitive regardless of market conditions. The Bankers Hill location also provides walkable access to dining, retail, and public transit, with downtown San Diego minutes away. Opportunities like this do not come to market often. Properties with historic designation, Balboa Park frontage, and 18 units of in-place income represent a generational hold for the right buyer.