$1,350,000
$125K PRICE DROP

Estimated payment $7,555/month

Total Views 9,683
4 Beds
4 Baths
2,520 Sq Ft
$536 Price per Sq Ft

Highlights

  • Bay View
  • Central Air
  • 3-minute walk to L street Mini Park
  • Corner Lot

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 which are being used as bedrooms and is why the rental income is so high ($6790/month). This can also be used as a home office. THESE UNITS ARE ESSENTIALLY 3B UNITS. 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

Listing Agent

Rory Cornelius

ROA California Inc License #02161116 Listed on: 06/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,270

Year Built

  • Built in 2008

Property Views

  • Bay
  • City

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 4 Bedrooms
  • 2,520 Sq Ft Home
  • 3-Story Property

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Drip Irrigation
  • Corner Lot

Community Details

Overview

  • 2 Units
  • Grant Hill Community
  • San Diego Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $24,330

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,270

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 2008
  • Unit Levels: 3 Story
  • Property Sub Type: Res Income 2-4 Units
  • Security Features: N/K
  • CapRate: 4.0
  • Co List Office Mls Id: 993127
  • Subdivision Name: SAN DIEGO
  • BuildingName: Grant Hill
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-11-19T21:07:23Z
  • AgeRestrictions: N/K
  • FullAddress: 2832-34 K St
  • ShortSale: No
  • Site: Corner Lot, Public Street, Sidewalks
  • SupplementRemarks: 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.
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Total Bedrooms: 4

Exterior Features

  • Fencing: Other/Remarks
  • Roof: Composition
  • View: Bay, City
  • Construction Type: Stucco

Utilities

  • Cooling: Central Forced Air
  • Utilities: Sewer Connected
  • Water Source: Meter on Property
  • HeatSource: Natural Gas

Condo/Co-op/Association

  • Pets Allowed: Yes

Lot Info

  • Zoning: RM-1-1

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 2
  • Annual Operating Expense: 24330.0

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2025 $5,270 $434,757 $182,006 $252,751
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 List to Sale Price per Sq Ft
11/14/2025 11/14/25 For Sale $1,350,000 0.0% $536 / Sq Ft
11/06/2025 11/06/25 Pending -- -- --
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 $393,100 New Conventional
Previous Owner $149,600 Balloon
Closed $18,700 No Value Available
Source: Public Records

Source: San Diego MLS

MLS Number: 250029890

San Diego MLS

APN: 545-161-17