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Residential Income for sale : 3 bedrooms : 418 W Ivy Street in San Diego

418 W Ivy Street San Diego

Main Photo: Residential Income for sale : 3 bedrooms : 418 W Ivy Street in San Diegobanner
$2,200,000
Prop. Type:
Residential Income
MLS® Num:
260002029
Status:
Active
Bedrooms:
3
Bathrooms:
4
Year Built:
1917
Beautifully remodeled 1917 Craftsman + detached two additional units in prime Bankers Hill / Little Italy location. This rare 3-unit property offers exceptional flexibility for owner-occupants or investors, just steps from Balboa Park, the San Diego Bay waterfront, and the best dining and shopping in 92101. The front home has been extensively upgraded with high-end finishes, dual-pane windows, updated plumbing and electrical, new roof, new HVAC system and foundation and retaining wall improvements. Enjoy multiple outdoor living areas including a front porch, rear deck with bay views, and private yard spaces. Three tandem parking spaces serve the main home. The rear structure features two studio units with private access and laundry hookups conveniently located beneath the rear deck —ideal for rental income, multigenerational living, or guest use. Property has been operated as a successful furnished rental and offers strong income potential. A turnkey opportunity in one of Downtown San Diego’s most walkable and desirable neighborhoods.
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
2
County Or Parish:
San Diego
Market Area:
Metro Central
Neighborhood Code:
Bankers Hill / Little Italy
Name of Complex/Subdivision:
None(2161)
Building Name:
None
Total Building Area:
Switch units of measure1,606 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
3
Bathrooms:
4
Full Bathrooms:
4
Half Bathrooms:
0
Stories:
2 Story
Total Stories:
2
Year Built:
1917
Age (in years):
Switch units of measure109 year(s)
Short Sale:
false
Mello Roos Fee:
$0
Other Fees:
$0
Monthly Total Fees:
$0
Terms:
Cash, Conventional, Exchange, VA
Cap Rate.:
5.12
Gross scheduled income:
150000.0
Other income actual:
0
Operating expense:
37244.0
Number of Units:
3
Number of Units with Cooling:
3
Tenant pays:
N/K
Unit Number for Unit 1:
418
Unit Number for Unit 2:
420
Unit Number for Unit 3:
422
Projected Rent for Unit 1:
$6,089
Projected Rent for Unit 2:
$4,500
Projected Rent for Unit 3:
$4,500
Site Influences:
Sidewalks, Street Paved
View:
Bay, City, Evening Lights
Special Listing Conditions:
N/K
Age Restrictions:
N/K
Construction Material:
Wood
Lot Size:
Switch units of measure0 sq. ft.
Parcel Number:
533-132-06-00
Heating:
Forced Air Unit
Cooling:
Central Forced Air, Wall/Window
Roof:
Composition
Security:
Automatic Gate, Gated Community
Zoning:
RM-3-7
Fencing:
Full, Gate
Listed by ACI Apartments
Data was last updated January 28, 2026 at 07:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
Data Source Logo
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego Multiple Listing Service, Inc.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego Multiple Listing Service, Inc.