904 24th Street,San Diego, CA 92102
San Diego, CA 92102
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.
Details
| MLS # | 260018357SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 95 |
| Listing Provided By | Marcus & Millichap | Ben Sierpina |
Features
| Units | 8 |
|---|---|
| Building(s) | 3 |
| Acreage | 0.17 |
Interior
| Heating Yes / No | No |
|---|---|
| Cooling Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92102 |
| Area | 92102 San Diego |
| Listing VS Median (in 92102) | |
Price: $2,500,000 low | high Med: $675,000 On site: 95 low | high Med: 30.5 | |
Market Activity 92102
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92102 |
| Area | 92102 San Diego |
| Listing VS Median (in 92102) | |
Price: $2,500,000 low | high Med: $675,000 On site: 95 low | high Med: 30.5 | |
