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Well-maintained 7-unit value-add multifamily property in the heart of Sherman Heights, one of San Diego's most vibrant and rapidly growing neighborhoods. Spans two buildings on a corner lot and includes: (4) 2-bed/1-bath units, (3) 1-bed/1-bath units, (5) large 1-car garages, (5) storage units, gated courtyard, on-site laundry. Potential to convert garages to ADUs. Separate water meters/heaters for all units - tenants pay all utilities. Upgrades include new roofs (2016), new windows (last 3-4 years), interior improvements, various plumbing and electric upgrades, and a sewer main line replacement (15 years ago). Some upper units offer bay, bridge, and Downtown skyline views. With month-to-month tenants in place, there's an estimated 43% income upside, and the units are ready for further upgrades. The location offers easy access to Downtown San Diego, Balboa Park, Petco Park, and the Gaslamp Quarter, plus convenient public transit and freeway access.
DAYS ON MARKET | 4 | LAST UPDATED | 9/23/2025 |
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YEAR BUILT | 1966 | COMMUNITY | 92102 - San Diego |
GARAGE SPACES | 5.0 | COUNTY | San Diego |
STATUS | Active | PROPERTY TYPE(S) | Residential Income |
ADDITIONAL DETAILS | |
AREA | 92102 - San Diego |
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GARAGE | Yes |
HEAT | None |
LOT | 4992 sq ft |
LOT DESCRIPTION | Corner Lot, Level, Near Public Transit, Paved |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 2 |
TOTAL MONTHLY PAYMENT
SATELLITE VIEW |
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