$3,100,000
PENDING

Estimated payment $19,600/month

5 Beds
3 Baths
7,125 Sq Ft
$435 Price per Sq Ft

About This Home

The L Street Apartments, a 10-unit asset plus two buildable adjacent parcels located 2 miles from Petco Park and 1.5 miles from the Coronado Bridge in Grant Hill. The property features four 3bed/2bath and six 2bed/1bath units totaling approximately 9,058 square feet. Five units have been recently upgraded with new flooring, appliances, and vanities. Community amenities include a gated courtyard, on-site laundry, 10 off-street parking spaces, upgraded windows, and secure steel fencing with controlled access. The exterior features fresh paint and low-maintenance desert landscaping. All three contiguous parcels are located in Tier 3 CCP, Transit Priority Area, and Opportunity Zone. Combined lot size is approximately 14,739 SF, with the two vacant parcels totaling 7,614 SF. The site offers a 6.5 FAR and a 40-foot height limit, allowing for significant development potential. The adjacent 4BR/2BA SFR at 3035 L Street MLS: 250024642 is also available. Combined 20,320 SF lot.

Listing Agent

Chris Sarver

Acre Investment Real Estate License #01886309 Listed on: 04/08/2025

Co-Listing Agent

Chris Robinson

Mango Tree Real Estate Corp. License #02227825

Property Details

Home Type

  • Multi-Family

Parking

  • 10 Parking Spaces

Home Design

  • 7,125 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms

Community Details

Overview

  • 10 Units

Building Details

  • 10 Leased Units
  • Operating Expense $95,559

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • Community Features: Other/Remarks
  • CapRate: 4.94
  • Co List Office Mls Id: 992703
  • Co List Office Mls Id: 69201
  • Living Area: 7125.0
  • NumofLeasedApartments: 10
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 5

Garage/Parking

  • Total Parking Spaces: 10.0

Lot Info

  • Zoning: RM-3-7
  • Lot Size Sq Ft: 14739.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 10
  • Annual Operating Expense: 95559.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2025 10/03/25 Pending -- -- --
04/18/2025 04/18/25 For Sale $3,100,000 0.0% $435 / Sq Ft
04/18/2025 04/18/25 Off Market $3,100,000 -- --
04/17/2025 04/17/25 For Sale $3,100,000 -- $435 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250024761

San Diego MLS

APN: 545-292-09-00