Skip To Content

2461-63 L St

San Diego, CA 92102
  • $1,300,000
  • STATUS: ACTIVE
  • ON SITE: 10 Days
  • ID#: 250020896
UPDATED: 39 min ago
$1,300,000
  • 5
    BEDS
  • 0.16
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Description

Investors, flippers, house hackers - this one is for you! This multi-family (4 unit) cash flow potential property in Sherman Heights is centrally located, 5 minutes from Downtown San Diego and full of history and charm. The front house is a historic Craftsman with 4 bedrooms and 2 bath. The back complex was added in the recent years and has 3 units and a 3 car garage. The back is equipped with solar panels for energy efficiency and between the two buildings is an open quart yard ready to be utilized. This property is perfect for a 1031 exchange buyer. Remodel and upgrade for tons of built in value. This property also sits in an Opportunity Zone which can lead to tax benefits and more!

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.coastalhomesbytiffany.com/homes/161227489
Print Image

2461-63 L St San Diego, CA 92102

  • Price: $1,300,000
  • Status: ACTIVE
  • On Site: 10 Days
  • Updated: 39 min ago
  • ID#: 250020896
5
Beds
5
Baths
0
½ Baths
0.16
Acres
1965
Built
Neighborhood:
Sherman Heights
County:
San Diego
Area:
San Diego (92102)
Property Description
Investors, flippers, house hackers - this one is for you! This multi-family (4 unit) cash flow potential property in Sherman Heights is centrally located, 5 minutes from Downtown San Diego and full of history and charm. The front house is a historic Craftsman with 4 bedrooms and 2 bath. The back complex was added in the recent years and has 3 units and a 3 car garage. The back is equipped with solar panels for energy efficiency and between the two buildings is an open quart yard ready to be utilized. This property is perfect for a 1031 exchange buyer. Remodel and upgrade for tons of built in value. This property also sits in an Opportunity Zone which can lead to tax benefits and more!
Exterior Features

Exterior Other/Remarks Fencing N/K Roof Other/Remarks Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 3 Units With Patios 4

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups Common Units With Cooling 3 Units With Dishwashers 3 Units With Dryers 3 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4

Property Features

Actual Cap Rate 8.0 Age Restrictions N/K Annual Expense Actual 0 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community SAN DIEGO Complex Park N/A Cross Streets 25th St Gross Rent Multiplier Actual 156.0 Gross Scheduled Income Actual 5800 Gross Scheduled Income Project 8300 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area Metro Central Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 1600 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays N/K Terms CashConventionalFHAVA Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 3500.0 Unit1 Rent Actual 2500.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 1300.0 Unit2 Rent Actual 800.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 1300 Unit3 Rent Actual 900.0 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Projected Rent 2200 Unit4 Rent Actual 1600.0 Zoning R-4:MULTIP

San Diego MLS logo Listing provided courtesy of Katie Gouletas of Redfin: 858-228-6021. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_250020896-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_250020896-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_250020896-2.jpg
Logo
Tiffany Torgan | Prestige Properties Enterprises
7855 Ivanhoe Ave. Suite 210
La Jolla CA, 92037