165 20th St

Top Gun CRE, Inc. is pleased to present the exclusive opportunity to acquire 165 20th St, a value-add multi-family building comprised of 7 well-maintained units, ideally located in the heart of San Diego’s vibrant and rapidly growing Sherman Heights neighborhood.

This 2-story apartment, which is comprised of 2 buildings on a corner parcel with great curb appeal, features (4) 2bed/1bath units, (3) 1bed/1bath units, (5) larger 1-car garages, (5) smaller storage units, gated courtyard, and on-site laundry. There are separate water meters and water heaters for all units – tenants pay all utilities. Select upper units feature bay/bridge views and/or views of Downtown SD skyline.

The building has been well cared for and has received many important upgrades in recent years including various interior improvements and electric upgrades, all new windows in the last 3-4 years, new roofs in 2016, and new building plumbing and sewer main line upgrade done 15-years ago.

With long-term month-month tenants, it is estimated there is roughly 43% income upside, and the units are ready for further upgrades. There may also be the potential to convert the garages into 1 or more ADUs to increase density.

Situated in one of San Diego's most sought-after submarkets notable for its many historic and renovated homes, the property provides easy access to the best the city has to offer. Enjoy quick access to Downtown San Diego, Balboa Park, Petco Park, and the historic Gaslamp Quarter. With public transit options and major highways nearby, commuting and exploring the city is a breeze.