Located in the highly desirable Golden Hill neighborhood of San Diego, 1055 21st Street presents a rare opportunity to acquire a pride-of-ownership 4-unit apartment community in one of San Diego’s fastest growing urban markets. Situated on an approximately 7,000 square foot lot, the property consists of four extensively renovated ~675… Read More square foot 1-bedroom / 1-bathroom apartments with approved plans to add an ADU, creating immediate upside potential without sacrificing existing off-street parking. Ideally positioned just minutes from Downtown San Diego, the property offers seamless access to Interstate 5, SR-94, Interstate 15, and San Diego International Airport, making it highly attractive to tenants and investors alike. Ownership recently completed an extensive remodel designed to create a long-term low-maintenance investment. Improvements include dual-pane windows, interior and exterior paint, upgraded plumbing and electrical systems, tankless water heaters, stainless steel appliances, quartz countertops, recessed lighting, modern fixtures, new flooring, renovated bathrooms, and in-unit washer/dryers throughout. Ownership also invested over $40,000 into new furniture and décor, allowing all four units to operate as furnished rentals. Located in an ever-gentrifying neighborhood with strong appreciation potential, 1055 21st Street offers investors a turnkey multifamily opportunity with immediate ADU upside. Read Less
Courtesy of The Browar Group, 858-414-4398, Josh Browar.
Listing Snapshot
Days Online
57
Last Updated
Property Type
Res Income 2-4 Units
Beds
4
Full Baths
4
Year Built
9999
MLS Number
260012923
30 Days Snapshot Of 92102
$1.07M
0%
(avg) sold price
0
-100%
homes sold
24
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
4 total units, Wood, Wood/Stucco, Built in 9999, Building area total: 2700, 1 number of building, 2 stories total, Living area: 0, Living area units: Sqft, Building area units: Sqft, Building name: 0, 2 Story
Cooling
Wall/Window
Expenses
Operating expense: $42,424
Fence
Partial
Income
Gross scheduled income: $139,620
Lot
Size units: Acres
Property
Property subtype: Res Income 2-4 Units, Property type: Residential Income
Roof
Composition
Security Features
N/K
Tenant Pays
Cable TV, Electricity, Gas/Propane
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