2919 Ivy Street, San Diego, CA 92104
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
2919 Ivy Street,San Diego, CA 92104
$2,595,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: conor brennan
Office: marcus & millichap
MLS#:250044737SD
Source:CRMLS
Price summary
- Price:$2,595,000
About this home
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.
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Home facts
- Year built:1912
- Listing ID #:250044737SD
- Added:91 day(s) ago
- Updated:February 21, 2026 at 02:20 PM
Heating and cooling
- Cooling:Wall Window Units
- Heating:Electric
Structure and exterior
- Roof:Composition
- Year built:1912
- Lot area:0.05 Acres
- Levels:2 Story
Finances and disclosures
- Price:$2,595,000
Features and amenities
- Appliances:Gas Water Heater
- Amenities:Gated Community
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