Property Detail

Description

Exceptional multi-family opportunity in central San Diego, priced at $949,000. Located at 2520–24 L Street in the Grant Hill / Lincoln Park neighborhood, this well-positioned duplex offers immediate income with strong upside potential.The property features two separate 2-bedroom, 1-bath units, each with its own entrance and meter, totaling approximately 1,324 sq ft on a 2,423 sq ft lot. Ideal for investors or owner-occupants looking to live in one unit and rent the other, or for those seeking a value-add opportunity in a rapidly improving area.Centrally located just minutes from Downtown San Diego, Gaslamp Quarter, Petco Park, Balboa Park, and major employment centers, with easy access to freeways, public transit, shopping, dining, and entertainment. The area’s strong rental demand and walkability make this an attractive long-term hold.Zoning and lot configuration may allow for a future conversion or expansion to a four-plex or additional units (buyer to verify with the City of San Diego). This makes the property especially appealing for developers or investors seeking increased density and long-term appreciation.A rare chance to own a multi-unit property in an urban core location with income today and development upside tomorrow. Properties with this combination of location, flexibility, and price point do not last long.