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 the 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
4,992 Sq Ft Lot Size
investment
Built in 1966
MLS/Listing ID PTP2507257
7 Units
Community - Storm Drains
Community - Street Lights
Community - Sidewalks
Community - Park
Community - Curbs
Community - Urban
Common Area
Lot - Corner Lot
Lot - Level
Lot - Near Public Transit
Lot - Paved
Lot - Street Level
TOTAL MONTHLY COST
$0
$0
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