Brokerage
Brokerage
2847-49 L St
2847 L St, San Diego, CA 92102, USA
Sold
$975,000
2022.05.11
Property Type
Multifamily
Units
2
SqFt
2052
Price
$975,000
Price/Unit
$484,000
Year Built
1952
Market
Grant Hill
Price/SF
$471.73
Cap Rate
3.68%
GRM
16.93
Unit Mix
(1) 3+2, (1) 2+2
Property Description
Top Gun Commercial is pleased to present 2847-49 L. Street, a well-maintained duplex in the urban renewal neighborhood of Grant Hill. Centrally located to San Diego, Grant hill provides multiple investment opportunities for developers & first-time investors. A large 1106 square foot 3-bedroom/2-bath unit in the front house and large 946 square foot 2-bed/2-bath in the back house. The front house was built in 1908 with moderately up to date finishes and is being rented out for $3100. The back house was built in 1952 and is being rented at a below market rent of $1700, providing upside for the new investor. The property also has five off street parking spaces with potential to develop ADU’s and generate more income. An additional two storage units near the rear unit, as well as electric gates enclose the property. The subject property is perfect for an owner user or investor looking to purchase their first home and rent out the other unit.
Contact Agent
Kenneth Herskind
Maxim Delbecq, MBA
858.699.4013
858.333.7701
DRE # 01872460
DRE # 01964069