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Property for sale: 233 Hawthorn St in San Diego

233 Hawthorn St San Diego

Main Photo: Property for sale: 233 Hawthorn St in San Diegobanner
$2,000,000
Prop. Type:
2-4 Units
MLS® Num:
250029359
Status:
Active
Year Built:
1912
Incredible opportunity to acquire a rare 9-unit multifamily portfolio (being sold with 2070 Third St) in the heart of Bankers Hill—one of San Diego’s most sought-after and walkable neighborhoods. This offering includes two adjacent parcels being sold together, each with 4 traditional residential units plus one featuring a non-conforming studio. Originally built in 1912 and thoughtfully renovated in 2018, the property blends historic charm with modern upgrades throughout. Units feature updated kitchens, bathrooms, and building systems, all while maintaining timeless architectural details. Ideally positioned just minutes from Balboa Park, Downtown San Diego, and Little Italy, the property provides immediate access to employment centers, transit, and top-tier dining and entertainment. Tenants enjoy an urban lifestyle in a high-demand rental market with very limited competing inventory.
Total Floor Area:
Switch units of measure4,800 sq. ft.
Lot Size:
4,000-7,499 SF
Number of Buildings:
1
Number of Units:
4
Year Built:
1912
Stories:
2 Story
Total Stories:
2
Market Area:
Metro Central
County:
San Diego
Neighborhood Code:
Bankers Hill
Name of Complex/Subdivision:
Balboa
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Trash, Water, Electricity, Gas/Propane
Projected net operating income:
217219
Other income:
5688
Projected other income:
5688.0
Annual expense actual:
87483
Projected annual expense:
88781
Cap Rate.:
4.81
Projected Cap Rate.:
5.43
Gross Rent Multiplier:
14.14
Projected Gross Rent Multiplier:
12.92
Gross scheduled income:
282840
Projected gross scheduled income:
309600
Unit Number for Unit 1:
233
Finished Area for Unit 1:
Switch units of measure874 sq. ft.
Bedrooms for Unit 1:
1
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
2380.0
Total Rent for Unit 1:
2380.0
Projected Rent for Unit 1:
2800.0
Unit 1 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 1:
Yes
Unit Number for Unit 2:
235
Finished Area for Unit 2:
Switch units of measure930 sq. ft.
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
0.0
Total Rent for Unit 2:
0.0
Projected Rent for Unit 2:
3200.0
Unit 2 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 2:
Yes
Unit Number for Unit 3:
237
Finished Area for Unit 3:
Switch units of measure930 sq. ft.
Bedrooms for Unit 3:
2
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
2915.0
Total Rent for Unit 3:
2915.0
Projected Rent for Unit 3:
3200.0
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
Yes
Unit Number for Unit 4:
239
Finished Area for Unit 4:
Switch units of measure874 sq. ft.
Bedrooms for Unit 4:
1
Number of bathrooms for Unit 4:
1
Full Bathrooms for Unit 4:
1
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
0.0
Total Rent for Unit 4:
0.0
Projected Rent for Unit 4:
2800.0
Unit 4 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 4:
Yes
2nd & Hawthorn
Exposure Front:
Other/Remarks
Exterior Features:
Wood/Stucco
Cooling:
Central Forced Air
Number of Units with Cooling:
4
Number of Units with Dishwashers:
4
Number of Units with Dryers:
4
Number of Units with Fireplaces:
2
Number of Furnished Units:
0
Number of Units with Garages:
0
Number of Units with Patios:
0
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
4
Number of Units with Washers:
4
Roof:
Tile
Security:
Gated Community
Fencing:
Gate
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional, Exchange
Parcel Number:
533-174-10-00
Listed by Marcus & Millichap
Data was last updated June 7, 2025 at 07:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
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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 © 2025 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 © 2025 San Diego Multiple Listing Service, Inc.