CBRE is pleased to offer for sale a 30-unit residential community located at 1906–1944 K Street in the historic neighborhood of Sherman Heights, adjacent to Downtown San Diego’s East Village, home to Petco Park. Built in 1927, the property features Spanish Colonial Revival architecture combined with secured access to create the ideal living environment. The unit mix consists of 30 well designed one-bedroom one-bathroom floor plans and a laundry facility for the tenant’s convenience. Along with immediate rental upside, the property is an excellent value-add opportunity through renovation. Most tenants are currently month-to-month. The improvements sit on an expansive 20,118 SF flat usable lot. The property is part of the Sherman Heights Historical District and eligible for the Mills Act. The Mills Act typically saves a new owner between 20% and 70% of their property tax bill.