2411 L Street, San Diego, CA 92102
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
Listed by: maxwell brown
Office: commercial asset advisors858-360-3000
MLS#:PTP2600781
Source:CRMLS
Price summary
- Price:$2,450,000
- Price per sq. ft.:$685.89
About this home
2411-21 L St provides an investor a well-located partial new construction 10 unit asset + 2 planned ADUs. This is truely a trifecta turnkey, new construction, & value-add combination in Central San Diego priced significantly below market comparables for a quick sale! The property is conveniently located within a 5 minute drive to some of San Diego's most desirable attractions including Petco Park, Downtown San Diego, Coronado Island, San Diego Waterfront, the Gaslamp District, and Balboa Park. The property consists of 6 gut renovated cottages with all new sewer and water supply lines, 4 brand new construction studios with vaulted ceilings, and 2 brand new plumbed and wired garages with plans ready to convert into (2) 2 bed / 1 bath ADUs. The pre-planned garages allow for a significant cost savings on ADU conversation as all infrastructure systems are in place and ready to be tapped. The property produces a strong 11.22 GRM and 5.80% cap rate in current form. The Property can be operated as-is in its strong yield turnkey form for a passive investor. For the active savy investor, the build-out of the pre-approved ADUs will produce a forecasted 9.32 GRM and a 6.78% cap rate including all forecasted construction costs. By completing the ADU build-out the property provides $275k - $325k net equity upside and a $219,000 per unit average cost basis for a semi- new construction asset. That is $60-80k/unit below the comp set average! Post completion value is estimated at $2,900,000 - $2,950,000....
Contact an agent
Home facts
- Year built:2025
- Listing ID #:PTP2600781
- Added:90 day(s) ago
- Updated:May 01, 2026 at 10:47 AM
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:$2,450,000
- Price per sq. ft.:$685.89
Parking
- Total parking spaces:4
- Garage:Yes
- Garage spaces:4
New listings near 2411 L Street
- New
$749,900Active3 beds 3 baths1,520 sq. ft.16130 Avenida Venusto, San Diego, CA 92128
MLS# DW26087374Listed by: COLLEGE PARK REALTY - New
$550,000Active2 beds 2 baths950 sq. ft.1605 Hotel #B316, San Diego, CA 92108
MLS# ND26086939Listed by: COASTLINE REAL ESTATE GROUP - New
$589,900Active2 beds 1 baths912 sq. ft.9209 Villiage #146, San Diego, CA 92123
MLS# NDP2603801Listed by: LPT REALTY - New
$1,499,000Active3 beds 4 baths2,215 sq. ft.8286 Bryn Glen Way, San Diego, CA 92129
MLS# NDP2603880Listed by: REAL ESTATE EBROKER INC - New
$1,950,000Active4 beds 3 baths1,912 sq. ft.5365 Caminito Exquisito, San Diego, CA 92130
MLS# NDP2603963Listed by: COLDWELL BANKER REALTY - New
$7,900,000Active4 beds 5 baths3,327 sq. ft.8361 Calle Del Cielo, La Jolla, CA 92037
MLS# PF26090225Listed by: THE ONE LUXURY PROPERTIES - New
$699,000Active2 beds 2 baths1,092 sq. ft.1280 River Vista Row, San Diego, CA 92111
MLS# PTP2603045Listed by: ROA CALIFORNIA INC - New
$719,000Active3 beds 4 baths1,435 sq. ft.2250 Calle Chanate, San Diego, CA 92139
MLS# PTP2603288Listed by: RATE REPUBLIC INC. - New
$699,000Active2 beds 2 baths868 sq. ft.2061 Chatsworth #5, San Diego, CA 92107
MLS# PW26079535Listed by: IGNITE RE GROUP - New
$799,900Active2 beds 2 baths1,440 sq. ft.3232 Loma Riviera Drive, San Diego, CA 92110
MLS# 260010421SDListed by: COMPASS