2919 Ivy Street, San Diego, CA 92104 - MLS#250044737

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$2,595,000

Est. payment - /mo

4 Baths

2,116 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision South Park (304)

MLS Listing ID 250044737

Full Baths 4

Year Built 1912

Lot Size 2,116 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

CBRE is pleased to present 2919 Ivy Street, a rare opportunity to acquire a 4-unit multifamily property located in the heart of the highly coveted South Park (NSD) neighborhood. Positioned on a quiet residential street overlooking Balboa Park, this boutique asset—known as The Heron on Ivy—off ers a compelling combination of modern fi nishes, immediate cash fl ow and long-term value stability in one of San Diego's most supply-constrained rental markets. The property is comprised of four fully furnished studio apartments, each approximately 450 square feet and generating an eff ective gross income of $17,587 per month, or $211,054 the trailing 12 months. Each unit has been thoughtfully designed and recently remodeled to refl ect a sophisticated urban aesthetic, featuring open layouts, abundant natural light, and high-quality fi nishes. The units are separately metered and include utilities and high-speed internet, providing a turnkey operation with minimal management burden. Notably, the location delivers outstanding walkability: the address achieves a Walk Score® of 88 out of 100 (Very Walkable) - meaning tenants can accomplish most errands on foot. The property is steps from the neighborhood's favored dining, coff ee and wine-bar destinations including Café Madeleine, The Rose and Station Tavern, enhancing tenant retention and rental attractiveness. This offering presents investors with a rare chance to own a stabilized, designforward asset in a high-barrier-to-entry neighborhood.

Location

State CA

County San Diego

Community Bbq, Gated Community

Area Metro Uptown

Interior

Heating Wall/Gravity

Cooling Wall/Window

Fireplace No

Exterior

Fence Gate

View Y/N Yes

Water Access Desc Meter on Property

View Golf Course

Roof Type Composition

Building

Story 2

Water Meter on Property

Level or Stories 2

Others

Senior Community No

Tax ID 539-151-14-00

Acceptable Financing Assumable

Listing Terms Assumable

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Listed by Conor M Brennan Marcus & Millichap

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

2919 Ivy Street San Diego, CA 92104

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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