1055 21st Street - Apartments FOR SALE


San Diego, CA 92102- Golden Hill
$1,995,000 USD
858-761-2529
1055 21st Street, San Diego, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/129
null | 4.19% Cap Rate

1055 21st Street
San Diego, CA 92102
Golden Hill


HIGHLIGHTS

  • Upgraded asset located in one of the fastest growing neighborhoods in San Diego
  • Ample off-street parking
  • Immediate upside with fully APPROVED PLANS AND ISSUED PERMITS for a one-bedroom ADU
  • Boasts a desirable unit mix for the area of all one-bedroom units
  • Highly walkable location (Walk Score 87) near Balboa Park, Downtown, South Park
  • Easy access to Highway 94 and Downtown

OVERVIEW

We are pleased to present 1055 21st St, San Diego, CA 92102 a luxury four-unit multifamily asset located just outside of Downtown in the highly desirable and walkable Golden Hill neighborhood of San Diego, California. The property underwent an extensive luxury renovation program in 2024 with no expense spared. The property comes with approved plans and issued permits for an additional 532 square foot one-bedroom ADU. The property features a desirable unit mix consisting of four (4) one-bedroom floor plans, each averaging approximately 650 square feet. Interiors are spacious and well-appointed with premium designer fixtures and finishes, in unit washer/dryer, quartz countertops, and luxury vinyl flooring. Tenants enjoy an outdoor common area and BBQ and off-street parking, an increasingly scarce amenity in central San Diego. Currently, all units are furnished, operating as a midterm rental.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$749 USD /SF

# OF UNITS

4

PRICE/UNIT

$498,750

CAP RATE

4.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RM-1-2

APN/PARCEL ID

534-266-02

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.