ResidentialIncome — 1055 21st Street, San Diego, CA
$1,870,000
1055 21st Street, San Diego, CA
About this property
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 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.
Property details
Location
1055 21st Street • San Diego, CA 92102
Listed by
Josh Browar · The Browar Group