Property Details
About this Property
2411-21 L St provides an investor a well-located partial new construction 10 unit asset + 2 ready to convert 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 provid
MLS Listing Information
MLS #
CRPTP2600781
MLS Source
California Regional MLS
Days on Site
47
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 $2,450,000 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 March 17, 2026. For the most current information, please contact Maxwell Brown, (925) 872-6746
