2567-69 L St San Diego, CA 92102
Grant Hill NeighborhoodEstimated payment $8,822/month
Total Views
682
8
Beds
4
Baths
2,468
Sq Ft
$554
Price per Sq Ft
Highlights
- Property is Fully Fenced
- Heating System Uses Natural Gas
- 3-minute walk to 25Th & Commercial
About This Home
Your Chance to Own an Income-Producing 4-Unit in the Heart of Sherman Heights. Welcome to 2567–69 L Street, an exceptional opportunity to acquire a well-located multifamily property just blocks from Downtown San Diego. Perfectly positioned within walking distance to restaurants, bars, and cafes, this property combines strong current income with significant value-add potential. The property sits on a large 7,089 sq. ft. lot, offering owner occupy or investors the option to build up or add an additional unit utilizing the existing garage. Current rents are below market, presenting immediate upside in rental income. The community consists of four units across two buildings, totaling 2,468 rentable sq. ft.: One 3 bed / 1 bath unit Two 2 bed / 1 bath units One 1 bed / 1 bath non-conforming unit Select units have already been upgraded with new tile flooring in kitchens and baths, granite countertops, modern appliances, and updated cabinetry. With its prime location, large lot, and under-market rents, 2567–69 L Street is a compelling investment opportunity for both immediate cash flow and long-term growth.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2006
Lot Details
- 2,468 Sq Ft Lot
- Property is Fully Fenced
Parking
- Alley Access
Home Design
- Composition Roof
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Separate Water Meter
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 535-492-03-00
Community Details
Overview
- 2 Buildings
- 4 Units
- Sherman Heights Community
Building Details
- Net Operating Income $87,984
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | For Sale | $1,368,000 | +54.1% | $554 / Sq Ft |
| 05/11/2021 05/11/21 | Sold | $888,000 | +7.6% | $360 / Sq Ft |
| 03/31/2021 03/31/21 | Pending | -- | -- | -- |
| 03/11/2021 03/11/21 | For Sale | $825,000 | -- | $334 / Sq Ft |
Source: San Diego MLS
Similar Homes in San Diego, CA
Source: San Diego MLS
MLS Number: 250036722
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