
2328 2nd Avenue, San Diego, CA 92101
2328 2nd Avenue, San Diego, CA 92101
Property Description
A rare Spanish Revival fourplex in the heart of Bankers Hill, 2328 2nd Ave combines timeless architectural character, an exceptional central location, and compelling long-term investment potential. The property consists of four residences: two spacious 2-bedroom, 1-bath units upstairs with private balconies and two 1-bedroom, 1-bath units downstairs. One of the upper residences enjoys beautiful ocean and city views, adding to the property’s unique appeal. Classic Spanish details are complemented by thoughtful updates throughout the building. Select units have been tastefully remodeled with engineered hardwood flooring, designer kitchens, modern fixtures, and updated finishes, while the remaining residences have been well maintained and retain their original charm. Each unit also benefits from its own dedicated washer and dryer room, providing added convenience for residents. Additional highlights include a newer roof, a large driveway with ample off-street parking, and a generous backyard offering excellent potential for outdoor living and entertaining. The property may also provide future upside through additional density, ADUs, or redevelopment possibilities, allowing a new owner to explore ways to further enhance the site. Positioned just moments from Balboa Park, Little Italy, Downtown, the airport, and many of San Diego’s best restaurants, cafés, and neighborhood destinations, the location offers an outstanding urban lifestyle with exceptional accessibility. Whether envisioned as an owner-occupied investment, multi-residence property, or fully leased income-producing asset, 2328 2nd Ave presents a unique opportunity to own a distinctive piece of Bankers Hill.
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About Downtown
This property is located in Downtown, a community in San Diego. Explore more listings in this neighborhood to compare options and pricing.
View Downtown ListingsComparative Market Analysis
Luxury Tier · 5 active · 5 closed
Downtown · San Diego · Single Family Residence
Listed 12.9% below the median closed sale of $2,756,000. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 12919 Chaparral Ridge Road | San Diego | 1989 | 5 | 4 | 3,109 | 6,357 | $867 | $2.69M | 9 | 65 |
| 2920 Bancroft Street | San Diego | 1947 | 7 | 6 | 3,384 | 5,900 | $709 | $2.40M | 10 | 65 |
| 4801 Academy | San Diego | 2026 | 5 | 6 | 2,923 | 4,356 | $1,249 | $3.65M | 20 | 62 |
| 2164 Tokalon Street | San Diego | 1970 | 5 | 3 | 3,272 | 8,276 | $866 | $2.83M | 24 | 57 |
| 11707 Aspen View | San Diego | 1998 | 6 | 3 | 2,709 | 5,852 | $640 | $1.74M | 24 | 52 |
| Total: 5 · Average | 5.6 | 4.4 | 3,079.4 | 6,148.2 | $866.2 | $2.66M | 17.4 | |||
| Median | 3,109 | $2.69M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4527 Narragansett Avenue | San Diego | 1998 | 09/30/2026 | 5 | 5 | 3,457 | 6,969 | $3.50M | $3.50M | $1,012 | 1.00 | 26 | 61 |
| 15626 Peters Stone Ct | San Diego | 2013 | 08/26/2026 | 5 | 5 | 3,748 | 7,373 | $2.75M | $2.77M | $738 | 1.00 | 39 | 57 |
| 2812 Poinsettia Drive | San Diego | 2011 | 07/22/2026 | 5 | 4 | 3,603 | 8,382 | $2.98M | $2.76M | $765 | 0.92 | 78 | 56 |
| 11086 Cedarcrest Way | San Diego | 2000 | 09/23/2026 | 6 | 3 | 3,169 | 5,872 | $1.90M | $1.80M | $570 | 0.95 | 60 | 55 |
| 5535 Porter Creek Road | San Diego | 2003 | 07/31/2026 | 5 | 3 | 2,724 | 5,127 | $2.30M | $2.49M | $914 | 1.08 | 21 | 52 |
| Total: 5 · Average | 5.2 | 4.0 | 3,340.2 | 6,744.6 | $2.66M | $2.66M | $799.8 | — | 44.8 | ||||
| Median | 3,457 | $2.76M | $2.76M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.