Skip to main content

Multifamily

2401 E St

2401 E St, San Diego, CA 92102

Listing Price: $2,200,000

Cap Rate
3.02%
Number of Units
6
Occupancy
100.0%
Price/Unit
$366,667
Price/Gross SF
$579.71
Gross SF
3,795

Investment Overview

Marcus & Millichap is pleased to present six units in highly desirable Golden Hill at 2401 E St. Located on the corner of E St and 24th St and within walking distance of all the charm, Golden Hill has to offer including the world-famous Balboa Park. Home to local eateries, microbreweries, and boutique shopping Golden Hill is one of the top spots to live in San Diego for Young Professionals. The property is set slightly above street level and is within minutes of downtown. The building consists of one 2-Bed/ 1-Bath unit, one 1-Bed plus Den/ 1-Bath unit, two 1-Bed/ 1-Bath units, and two Studio/ 1-Bath units. There is a small shared patio in the rear for tenants and a common area laundry room with a coin-operated washer and dryer. The patio is shared between the building directly behind the property but could easily become private by putting a fence up along the rear property line. Select top-floor units have a view of the Coronado bridge and Downtown San Diego. The building recently underwent capital improvements including a brand NEW roof/sheeting and reinforced foundation. All units are in great condition with a mix of original fixtures, newer appliances, and hardwood or tile floors. The property is also located within a designated CA Opportunity Zone, which provides a unique tax-saving opportunity to a buyer willing to make substantial capital improvements. This is an excellent investment opportunity for either long-term or short-term rentals in an irreplaceable location!

Investment Highlights

  • Prime Golden Hill Location for Young Professionals
  • Ad-Value Opportunity
  • Located in a Qualified Opportunity Zone
  • Within Walking Distance to Balboa Park and 25th St
  • Extremely Low Vacancy Market with Upside in Rental Rates Projected
  • Attractive Unit Mix (2BR, 1BR & Studio units)
  • Recently Replaced Roof and Reinforced G-Block Foundation

Exclusively Listed By

Financing By

Multifamily

2401 E St

Listing Price: $2,200,000

Cap Rate
3.02%
Number of Units
6
Occupancy
100.0%
Price/Unit
$366,667
Price/Gross SF
$579.71
Gross SF
3,795

Investment Highlights

  • Prime Golden Hill Location for Young Professionals
  • Ad-Value Opportunity
  • Located in a Qualified Opportunity Zone
  • Within Walking Distance to Balboa Park and 25th St
  • Extremely Low Vacancy Market with Upside in Rental Rates Projected
  • Attractive Unit Mix (2BR, 1BR & Studio units)
  • Recently Replaced Roof and Reinforced G-Block Foundation

Investment Overview

Marcus & Millichap is pleased to present six units in highly desirable Golden Hill at 2401 E St. Located on the corner of E St and 24th St and within walking distance of all the charm, Golden Hill has to offer including the world-famous Balboa Park. Home to local eateries, microbreweries, and boutique shopping Golden Hill is one of the top spots to live in San Diego for Young Professionals. The property is set slightly above street level and is within minutes of downtown. The building consists of one 2-Bed/ 1-Bath unit, one 1-Bed plus Den/ 1-Bath unit, two 1-Bed/ 1-Bath units, and two Studio/ 1-Bath units. There is a small shared patio in the rear for tenants and a common area laundry room with a coin-operated washer and dryer. The patio is shared between the building directly behind the property but could easily become private by putting a fence up along the rear property line. Select top-floor units have a view of the Coronado bridge and Downtown San Diego. The building recently underwent capital improvements including a brand NEW roof/sheeting and reinforced foundation. All units are in great condition with a mix of original fixtures, newer appliances, and hardwood or tile floors. The property is also located within a designated CA Opportunity Zone, which provides a unique tax-saving opportunity to a buyer willing to make substantial capital improvements. This is an excellent investment opportunity for either long-term or short-term rentals in an irreplaceable location!

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower