2263 L Street $2,023,000

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    2263 L Street San Diego, CA 92102

    • 0.23 Acres
    • Commercial Sale
    MLS# 190041015 | Active
    Days On Market: 57 0 Views
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    Property Details

    Unique opportunity to own seven units on an over-sized lot in the path of progress just a few blocks from the East Village of Downtown San Diego, California. This is an irreplaceable asset that benefits from walking proximity (~700 feet) to the Walmart Neighborhood Market and light rail stop (~850 feet) with direct non-stop access to the 12th Avenue Metro Transit Station just outside the iconic Petco Park. The units consist of Six 2 bedroom 1 bath units and One 2 bedroom 2 bath unit. Currently, the unit rents range from $1,350-$1,600 per month with realistic upside to $1,750. Sherman Heights is a unique neighborhood bordering two other premier and highly desirable neighborhoods (Golden Hill and East Village Down Town). This asset is situated among many single family homes including historic Victorian homes that add to the unique charm of this sub-market. The region is expected to add 500,000 by 2050 according to SANDAG. Buyer will benefit from strong economic fundamentals supporting rent increases over time.

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    Neighborhood

    92102 (San Diego) Demographics

    31Median Age
    9,657Population Density (per sq. mile)
    27%College Educated
    $42,464 Estimated Median Income
    3,751Estimated Total Home Owners
    10,614Estimated Total Renters
    26% / 74%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    44,778Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $497,250 Median Sales Price
    18 Homes Sold
    28 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,023,000
        7/25/2019 2:19:00 AM New in Database Source

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        Based on information from California Regional Multiple Listing Service, Inc. as of 9/20/2019 5:53:30 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.