2202-2216 E St - Apartments FOR SALE


San Diego, CA 92102- Golden Hill
$2,400,000 USD
859-433-8741
2202-2216 E St, San Diego, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/20
null | 2.62% Cap Rate

2202-2216 E St
San Diego, CA 92102
Golden Hill


HIGHLIGHTS

  • Value-Add Under Market Rents & Original Interiors
  • Rare Spanish Style Construction
  • Corner Lot With Street Parking Spaces Out Front
  • All 1-Bedroom Floor Plans
  • Centrally Located In Golden Hill

OVERVIEW

2202 E Street presents a rare opportunity to acquire a value-add multifamily asset in the highly desirable Golden Hill neighborhood of San Diego. Built in 1939, the property consists of eight (8) onebedroom/ one-bathroom units totaling approximately 4,462 square feet of building area situated on a 4,881 square foot lot. The property features classic Spanish-style architecture, with a courtyard-style layout and elevated positioning that provides strong curb appeal and character rarely found among other buildings. Many of the interiors maintain their original finishes, presenting investors with a clear opportunity to renovate units and significantly increase rental income through interior upgrades and operational improvements. Units feature efficient one-bedroom floor plans that appeal to the area's strong renter base, including young professionals, service workers, and residents seeking proximity to downtown San Diego. With continued demand for centrally located rental housing, the property offers investors the ability to capture meaningful rental upside through a strategic renovation program. 2202 E Street represents an excellent opportunity for investors seeking a well-located multifamily property with strong value-add potential in one of San Diego's most desirable rental markets. CONTACT COLE SILVERMAN FOR MORE DETAILS (619) 851-8467 | Cole@whitewatercre.com

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$538 USD /SF

# OF UNITS

8

PRICE/UNIT

$300,000

CAP RATE

2.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,881 SF

ZONING

RM-1-2

APN/PARCEL ID

534-382-06

ASK ABOUT THIS PROPERTY

Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

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Carson TrujilloWhitewater Commercial Real EstateMore Info
859-433-8741

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