15
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$2,625,000
Est. payment /mo
7,609 Sqft Lot
New
904 24th Street San Diego, CA 92102
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260018357SD
HOA Y/N No
Lot Size 7,609 Sqft
Property Sub-Type Mixed Use
Property Description
Presenting 904–914 24th Street, an exceptional 8-unit multifamily investment opportunity located in the highly desirable Golden Hill neighborhood of San Diego, California. Originally constructed in 1910, the property consists of three residential buildings situated on (2) adjacent corner parcels and offers approximately ±5,760 square feet of living space. Spanning two parcels totaling 7,609 square feet, the asset boasts a diverse unit mix: one 2-bedroom/1.5-bathroom unit, three 2-bedroom/1- bathroom units, two 1-bedroom/1-bathroom units, and two studios (one non-conforming). The interiors have been thoughtfully maintained, showcasing built-in storage, vaulted ceilings, original hardwood floors, and abundant natural light from large windows. Select units offer private balconies and yards giving tenants outdoor space seldom found in newer complexes. The asset provides stable in-place income while presenting investors with a compelling value-add opportunity. Investors can capitalize on untapped upside through targeted renovations and restorations, positioning the property to achieve market-leading rents and enhanced cash flow. Unused space between the buildings could allow for the potential construction of an ADU further increasing density and rental income.
Location
State CA
County San Diego
Area 92102 - San Diego
Interior
Fireplace No
Others
Tax ID 53488316
Listed by Ben Sierpina Marcus & Millichap #02062416
NEARBY SCHOOL & BUSINESS
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