PRICE REDUCED $100K! Bring all offers. Well-maintained 7-unit value-add multifamily property in the heart of Sherman Heights, one of San Diego’s most vibrant and rapidly growing neighborhoods. Spans two buildings on a corner lot and includes: (4) 2-bed/1-bath units, (3) 1-bed/1-bath units, (5) large 1-car garages, (5) storage units, gated courtyard, on-site laundry. Potential to convert garages to ADUs. Separate water meters/heaters for all units - tenants pay all utilities. Upgrades include new roofs (2016), new windows (last 3–4 years), interior improvements, various plumbing and electric upgrades, and a sewer main line replacement (15 years ago). Some upper units offer bay, bridge, and Downtown skyline views. With month-to-month tenants in place, there's an estimated 43% income upside, and units are ready for further upgrades. The location offers easy access to Downtown San Diego, Balboa Park, Petco Park, and the Gaslamp Quarter, plus convenient public transit and freeway access.
3,982 Sq Ft
commercial
Built in 1966
MLS/Listing ID PTP2507231
7 Units
Common Area
Lot - Street Level
Lot - Paved
Lot - Near Public Transit
Lot - Near Park
Community - Park
Lot - Level
Lot - Corner Lot
TOTAL MONTHLY COST
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