2621-2629 1st Avenue, San Diego, CA 92103

Local realty services provided by:ERA North Orange County Real Estate
2621-2629 1st Avenue,San Diego, CA 92103
$4,200,000
Virtual Tour
  • - Beds
  • - Baths
  • 6,870 sq. ft.
  • Multi-family
  • Pending
Listed by: bill anderson
Office: acre investment real estate
MLS#:250040759
Source:San Diego MLS via CRMLS

Price summary

  • Price:$4,200,000
  • Price per sq. ft.:$611.35

About this home

We are pleased to present the opportunity to acquire Palms Apartments, a rare 12-unit community located in the highly desirable Bankers Hill neighborhood of San Diego. Situated on a 9,109 square foot lot, Palms Apartments is comprised of three buildings—a duplex, fourplex, and sixplex—creating a charming courtyard-style setting with a thoughtfully landscaped lawn and expansive green common area. The property has been well-maintained, with major system upgrades already completed, providing a strong operational foundation for a new investor. Palms Apartments offers an exceptional value-add opportunity. While significant infrastructure work has been completed, most unit interiors remain in original or partially renovated condition. A new owner can modernize kitchens, baths, flooring, and fixtures to align with today’s renter expectations and capture meaningful rental upside. Renovated properties in the submarket command substantial premiums, positioning Palms Apartments for strong

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Home facts

  • Listing ID #:250040759
  • Added:44 day(s) ago
  • Updated:November 17, 2025 at 08:30 AM

Rooms and interior

  • Living area:6,870 sq. ft.

Structure and exterior

  • Building area:6,870 sq. ft.

Finances and disclosures

  • Price:$4,200,000
  • Price per sq. ft.:$611.35
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