Listed by eXp Realty of California, Inc.
$1,298,000
Sherman Heights
Details
APN 535-492-03-00
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 5.21%
Year Built 2006
Buildings 2
Zoning RM 3-7
Multifamily | 5.21% CAP | 4 Units
Marketing description
Your Chance to Own an Income-Producing 4-Unit in the Heart of Sherman Heights. Welcome to 2567–69 L Street, an exceptional opportunity to acquire a well-located multifamily property just blocks from Downtown San Diego. Perfectly positioned within walking distance to restaurants, bars, and cafés, this property combines strong current income with significant value-add potential. The property sits on a large 7,089 sq. ft. lot, offering owner occupy or investors the option to build up or add an additional unit utilizing the existing garage. Current rents are below market, presenting immediate upside in rental income. The community consists of four units across two buildings, totaling 2,468 rentable sq. ft.: One 3 bed / 1 bath unit Two 2 bed / 1 bath units One 1 bed / 1 bath non-conforming unit Select units have already been upgraded with new tile flooring and new kitchen. Walkable neighborhood to downtown, staple restaurants like Turf Club and other fun bars and restaurants.
Listing Contacts
Listed by eXp Realty of California, Inc.
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