Property Details
About this Property
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 rent growth and long-term appreciation. Palms Apartments provides investors with a rare chance to acquire a stabilized, centrally located property in one of San Diego’s most sought-after neighborhoods, while unlocking immediate upside through interior renovations and rent repositioning. Prospective
MLS Listing Information
MLS #
SD250040759
MLS Source
San Diego MLS
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | 12 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
2621-2629 1st Avenue is a Residential Income in San Diego, CA 92103. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,925,000 and was built in –. This address can also be written as 2621-2629 1st Avenue, San Diego, CA 92103.
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This listing information is up-to-date as of December 09, 2025. For the most current information, please contact Bill Anderson, (858) 245-4887
