2411 21 L Street, San Diego, CA 92102

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
2411 21 L Street,San Diego, CA 92102
$2,495,000
Virtual Tour
  • - Beds
  • - Baths
  • 3,572 sq. ft.
  • Multi-family
  • Active
Listed by: maxwell brown
Office: commercial asset advisors
MLS#:PTP2600781
Source:CRMLS

Price summary

  • Price:$2,495,000
  • Price per sq. ft.:$698.49

About this home

2411-21 L St provides an investor a semi new construction asset with 6 fully rehabilitated cottages, 4 new construction units, and approved plans to build out another 2 mid-size units on a significant cost of construction discount for a trifecta turnkey, new construction, & value-add combination in Central San Diego. The property produces a strong 11.43 GRM and 5.67% cap rate in current form. The Property can be operated as-is in its strong yield turnkey form or build-out the pre-approved ADUs to produce a forecasted 9.49 GRM and a 6.55% cap rate including all forecasted construction costs. The site consists of 6 fully rehabilitated and renovated stand-alone cottages each consisting of 1 Bed / 1 Bath at 418 sqft each with private porches adding to their functional size. In 2023 the cottages were fully renovated to the studs including all new plumbing of the sewer lines, water supply lines, and electrical. Interiors were fully renovated with new kitchens, cabinets, counter tops,

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Home facts

  • Year built:2025
  • Listing ID #:PTP2600781
  • Added:1 day(s) ago
  • Updated:January 30, 2026 at 11:21 PM

Rooms and interior

  • Living area:3,572 sq. ft.

Structure and exterior

  • Year built:2025
  • Building area:3,572 sq. ft.
  • Lot area:0.16 Acres

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,495,000
  • Price per sq. ft.:$698.49
Based on information from California Regional Multiple Listing Service, Inc. as of January 30, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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