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33173889
33173904

1055 21st St., San Diego, CA 92102 For Sale

JB
CA 01824454
The Browar Group
Listed by The Browar Group
$1,875,000
51 days on market
Updated 3 days ago

1055 21st Street

Details
APN 534-266-02-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,700
Units 4
Cap Rate 5.00%
Year Built 9999
Buildings 1

Multifamily | 5.00% CAP | 4 Units

Marketing description

Located in the highly desirable Golden Hill neighborhood of San Diego, 1055 21st Street presents a rare opportunity to acquire a pride-of-ownership 4-unit apartment community in one of San Diego’s fastest growing urban markets. Situated on an approximately 7,000 square foot lot, the property consists of four extensively renovated ~675 square foot 1-bedroom / 1-bathroom apartments with approved plans to add an ADU, creating immediate upside potential without sacrificing existing off-street parking. Ideally positioned just minutes from Downtown San Diego, the property offers seamless access to Interstate 5, SR-94, Interstate 15, and San Diego International Airport, making it highly attractive to tenants and investors alike. Ownership recently completed an extensive remodel designed to create a long-term low-maintenance investment. Improvements include dual-pane windows, interior and exterior paint, upgraded plumbing and electrical systems, tankless water heaters, stainless steel appliances, quartz countertops, recessed lighting, modern fixtures, new flooring, renovated bathrooms, and in-unit washer/dryers throughout. Ownership also invested over $40,000 into new furniture and décor, allowing all four units to operate as furnished rentals. Located in an ever-gentrifying neighborhood with strong appreciation potential, 1055 21st Street offers investors a turnkey multifamily opportunity with immediate ADU upside.

Investment highlights

  • Offered at: Contact Listing Agent
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Listing Contacts

JB
CA 01824454
The Browar Group
Listed by The Browar Group

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Additional Information

Name
Josh Browar
License
01824454
Brokerage
The Browar Group
Title
Principal
Brokerage Address
2207 Garnet Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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