Home | San Diego County | San Diego | 92102 | 2411 21 L St
MLS: CRPTP2600781 | Status: | Price: $2,450,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 6,896 | 2025 |
2411-21 L St provides an investor a well-located partial new construction 10 unit asset + 2 planned ADUs. This is truely a trifecta turnkey, new construction, & value-add combination in Central San Diego priced significantly below market comparables for a quick sale! 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, San Diego Waterfront, the Gaslamp District, and Balboa Park. The property consists of 6 gut renovated cottages with all new sewer and water supply lines, 4 brand new construction studios with vaulted ceilings, and 2 brand new plumbed and wired garages with plans ready to convert into (2) 2 bed / 1 bath ADUs. The pre-planned garages allow for a significant cost savings on ADU conversation as all infrastructure systems are in place and ready to be tapped. The property produces a strong 11.22 GRM and 5.80% cap rate in current form. The Property can be operated as-is in its strong yield turnkey form for a passive investor. For the active savy investor, the build-out of the pre-approved ADUs will produce a forecasted 9.32 GRM and a 6.78% cap rate including all forecasted construction costs. By completing the ADU build-out the property provides $275k
| Field | Value |
|---|---|
| MLS # | CRPTP2600781 |
| MLS Source | California Regional MLS |
| Days on Site | 83 |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 4 Car(s) |
| HOA Fee | $0 |
Maxwell Brown
Commercial Asset Advisors
License #: 02127395
Phone: (925) 872-6746
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 8 | 10 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Sherman Elementary School | public | K-5 | 0.19 mi | 4 |
| Burbank Elementary School | public | K-5 | 0.52 mi | 5 |
| Perkins Elementary School | public | K-8 | 0.56 mi | 3 |
| Monarch School | public | K-12 | 0.58 mi | 2 |
| Kimbrough Elementary School | public | K-5 | 0.59 mi | 3 |
| Logan Memorial Educational Campus | public | K-12 | 0.79 mi | 2 |
| Garfield High School | public | 9-12 | 0.88 mi | 3 |
| East Village High | public | 9-12 | 0.90 mi | 10 |
| San Diego High School of Business and Leadership | public | 9-12 | 1.05 mi | 1 |
| Rodriguez Elementary School | public | K-5 | 1.08 mi | 1 |
| San Diego High School | public | 9-12 | 1.10 mi | 6 |
| Golden Hill K-8 | public | K-8 | 1.31 mi | 3 |
| Mountain View School | public | K-8 | 1.55 mi | 7 |
| Emerson/Bandini Elementary School | public | K-6 | 1.70 mi | 3 |
| Washington Elementary School | public | K-5 | 1.84 mi | 4 |
| Rowan Elementary School | public | K-5 | 2.14 mi | 8 |
| Chavez Elementary School | public | K-5 | 2.17 mi | 4 |
| Baker Elementary School | public | K-5 | 2.17 mi | 3 |
| Roosevelt International Middle School | public | 6-8 | 2.34 mi | 4 |
| Coronado High School | public | 9-12 | 2.35 mi | 10 |
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This listing information is up-to-date as of April 20, 2026. For the most current information, please contact Maxwell Brown, (925) 872-6746.