2045 K Street, San Diego, CA 92102

About this commercial property

2045 K Street is a well-maintained apartment complex located in beautiful Sherman Heights, two blocks east of East Village community of Downtown San Diego. The property consists of 7 units in two buildings. One building consists of a detached 1Br/1Ba cottage with attached garage and private backyard area. The second building consists of a large 2Br/1Ba apartment, two 1Br/1Ba apartment and three studio apartments. All units have been upgraded to varying degrees but have yet to be modernized to today's standards hence there is significant rental upside potential. Recent upgrades have been made to the exterior of the property such as a new roof, new paint and entryway improvements. The property has also been designated historical by the San Diego Historical Board. This special designation allows the property to qualify for the Mills Act which provides major property tax savings (already in place). Due to the strategic location, attractive features and rental upside potential this is an extremely attractive investment opportunity that is rarely offered in the marketplace.

Listing description from the January 2023 sale, as reported to CRMLS.

Sale history

$2,000,000

Sold January 2023 · listed $2,175,000, on market July 2022 · MLS #220018975SD · Source: CRMLS

Listing Agent: Josh Browar · Listing Office: The Browar Group · Contact: 858-414-4398 · Bought with: Kevin Scudelari · South Coast Commercial, Inc.

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