Property Details
About this Property
2411-21 L St provides an investor a semi new construction 10+2 unit asset. The property consists of 6 fully rehabilitated cottages, 4 new construction units, and approved plans to build out another 2 mid-size ADUs on a significant cost of construction discount for a trifecta turnkey, new construction, & value-add combination in Central San Diego. The property is conveniently located within a 5 minute drive to some of San Diego's most desirable attractions including Petco Park, Downtown San Diego, Coronado Island, and Balboa Park. The property produces a strong 11.43 GRM and 5.67% cap rate in current form. The Property can be operated as-is in its strong yield turnkey form or build-out the pre-approved ADUs to produce a forecasted 9.49 GRM and a 6.55% cap rate including all forecasted construction costs. The site consists of 6 fully rehabilitated and renovated stand-alone cottages each consisting of 1 Bed / 1 Bath at 418 sqft each with private porches adding to their functional size. In 2023 the cottages were fully renovated to the studs including all new plumbing of the sewer lines, water supply lines, and electrical. Interiors were fully renovated with new kitchens, cabinets, counter tops, appliances, bathrooms, flooring, drywall, lighting, windows etc. The exterior siding is
MLS Listing Information
MLS #
CRPTP2600781
MLS Source
California Regional MLS
Days on Site
7
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 8 | 10 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2411 21 L St is a Residential Income in San Diego, CA 92102. This – square foot property sits on a 6,896 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,495,000 and was built in 2025. This address can also be written as 2411 21 L St, San Diego, CA 92102.
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This listing information is up-to-date as of February 02, 2026. For the most current information, please contact Maxwell Brown, (925) 872-6746
