2832 K St San Diego, CA 92102
Grant Hill NeighborhoodEstimated payment $7,860/month
Total Views
3,837
4
Beds
4
Baths
2,520
Sq Ft
$536
Price per Sq Ft
Highlights
- Bay View
- Corner Lot
- 3-minute walk to L street Mini Park
About This Home
Prime Investment Duplex with 3rd Level Bonus unit that adds 1189sf! – 2832 & 2834 K Street, San Diego. Presenting an exceptional opportunity to acquire a versatile and income-generating duplex in a centrally located and high-demand area of Grant Hill San Diego. 2832 and 2834 K Street offer two spacious 2-bedroom, 2-bathroom units, each boasting approximately 1,260 square feet of living space for a total of 2561sf. Each unit includes a bonus room—ideal for use as a home office or easily converted into a third bedroom—enhancing both functionality and rental value. What truly sets this property apart is the expansive third-floor permitted recreation space, encompassing an estimated 1,189 square feet (total of 3683sf for building if included). This fully approved and permitted attic area offers tremendous upside potential. Investors have the flexibility to: Convert the space into a standalone 3-bedroom, 2-bathroom unit, generating an additional income stream, or integrate it with the 2834 K Street unit to create a large, multi-level residence with expanded bedroom and bathroom counts, catering to tenants seeking more spacious accommodations. Highlights include: -Off-street parking available for tenants, supplemented by abundant street parking -Select units feature recently upgraded appliances -Strong potential for increased rental income through unit upgrades and redevelopment for attic -All rough in work (electrical, plumbing) is complete in the third level room Current Rental Details: 2832 K Street is leased on a 12-month lease at $3,540/month, with the owner covering water and electric. 2834 K Street operates on a month-to-month lease at $3225/month, with the owner covering water and the tenant responsible for electric and all other utilities. Positioned in Grant Hill, a neighborhood experiencing rapid revitalization with new developments, infrastructure upgrades, and growing tenant demand. This property offers both stability through current rents and substantial upside through redevelopment and unit expansion, making it ideal for investors, developers, or owner-occupiers looking to add long-term value. This property boasts significant advantages, including ample parking for current and future tenants. The off-street parking provides at least twelve accessible spaces, despite no assigned spots due to a nearby school. Additionally, four off-street parking spaces, highlighted in red, offer secure vehicle storage and add value to the property. This area also allows flexibility for future development, making it appealing to potential buyers or investors seeking growth opportunities.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,270
Year Built
- Built in 2008
Lot Details
- Corner Lot
- Level Lot
Property Views
- Bay
- City
Home Design
- Composition Roof
- Stucco Exterior
Utilities
- Heating System Uses Natural Gas
- Separate Water Meter
- Gas Water Heater
Additional Features
- 3-Story Property
- Drip Irrigation
Listing and Financial Details
- Assessor Parcel Number 545-161-17-00
Community Details
Overview
- 2 Units
- Grant Hill Community
Pet Policy
- Pets Allowed
Building Details
- Net Operating Income $53,603
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,270 | $426,234 | $178,438 | $247,796 |
| 2023 | $5,154 | $417,878 | $174,940 | $242,938 |
| 2022 | $5,017 | $409,685 | $171,510 | $238,175 |
| 2021 | $4,982 | $401,653 | $168,148 | $233,505 |
| 2020 | $4,922 | $397,535 | $166,424 | $231,111 |
| 2019 | $4,835 | $389,741 | $163,161 | $226,580 |
| 2018 | $4,521 | $382,100 | $159,962 | $222,138 |
| 2017 | $4,414 | $374,609 | $156,826 | $217,783 |
| 2016 | $4,343 | $367,264 | $153,751 | $213,513 |
| 2015 | $4,279 | $361,748 | $151,442 | $210,306 |
| 2014 | $4,212 | $354,663 | $148,476 | $206,187 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2025 07/03/25 | Price Changed | $1,350,000 | -5.3% | $536 / Sq Ft |
| 06/24/2025 06/24/25 | Price Changed | $1,425,000 | -3.4% | $565 / Sq Ft |
| 06/07/2025 06/07/25 | For Sale | $1,475,000 | -- | $585 / Sq Ft |
Source: San Diego MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | Stewart Title Of California | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Stewart Title Of Ca Inc | |
| Interfamily Deed Transfer | -- | Stewart Title Of Ca Inc | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Grant Deed | $187,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $857,500 | New Conventional | |
| Previous Owner | $185,000 | Commercial | |
| Previous Owner | $127,000 | Commercial | |
| Previous Owner | $393,100 | New Conventional | |
| Previous Owner | $375,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $87,000 | Unknown | |
| Previous Owner | $206,250 | Unknown | |
| Previous Owner | $149,600 | Balloon | |
| Closed | $18,700 | No Value Available |
Source: Public Records
Similar Homes in San Diego, CA
Source: San Diego MLS
MLS Number: 250029890
APN: 545-161-17
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