2847-49 L St.

San Diego, CA 92102

Sold

$975,000

2022.05.11

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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

858.699.4013

DRE # 01872460

Maxim Delbecq, MBA

858.333.7701

DRE # 01964069

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Property Details

Property Type

Multifamily

Units

2

SqFt

2052

Unit Mix

(1) 3+2, (1) 2+2

Year Built

1952

Price

Price/Unit

Price/SF

GRM

Cap Rate

$975,000

$484,000

$471.73

16.93

3.68%

Property Location

Grant Hill