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2411 L Street, San Diego, CA 92102

Local realty services provided by:CENTURY 21 Affiliated
2411 L Street,San Diego, CA 92102
$2,495,000
  • 1 Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: maxwell brown
Office: commercial asset advisors
MLS#:PTP2600781
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,495,000

About this home

2411-21 L St provides an investor a semi new construction asset with 6 fully rehabilitated cottages, 4 new construction units, and approved plans to build out another 2 mid-size units on a significant cost of construction discount for a trifecta turnkey, new construction, & value-add combination in Central San Diego. The property produces a strong 11.43 GRM and 5.67% cap rate in current form. The Property can be operated as-is in its strong yield turnkey form or build-out the pre-approved ADUs to produce a forecasted 9.49 GRM and a 6.55% cap rate including all forecasted construction costs. The site consists of 6 fully rehabilitated and renovated stand-alone cottages each consisting of 1 Bed / 1 Bath at 418 sqft each with private porches adding to their functional size. In 2023 the cottages were fully renovated to the studs including all new plumbing of the sewer lines, water supply lines, and electrical. Interiors were fully renovated with new kitchens, cabinets, counter tops,

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Home facts

  • Listing ID #:PTP2600781
  • Added:1 day(s) ago
  • Updated:January 31, 2026 at 05:38 AM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:2

Finances and disclosures

  • Price:$2,495,000
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