Investment Overview

We are pleased to present 1055 21st Street, a luxury four-unit multifamily asset located just outside of Downtown in the highly desirable and walkable Golden Hill neighborhood of San Diego, California. The property underwent an extensive luxury renovation program in 2024 with no expense spared. The property comes with approved plans and issued permits for an additional 532 square foot one-bedroom ADU. Additionally, the property features a desirable unit mix consisting of four (4) one-bedroom floor plans, each averaging approximately 650 square feet. Interiors are spacious and well-appointed with premium designer fixtures and finishes, in unit washer/dryer, quartz countertops, and luxury vinyl flooring. Tenants enjoy an outdoor common area and BBQ and off-street parking, an increasingly scarce amenity in central San Diego. Currently, all units are furnished, operating as a midterm rental. 1055 21st Street is located in Golden Hill, a neighborhood situated on the south end of the world-famous Balboa Park. Golden Hill is well known for its easy access to major employment centers such as Downtown, Mission Valley, and South Bay. The area has recently come to see an influx of new bars and restaurants pushing south from North Park along the 30th St corridor and Fern St. High walkability, chic local diners which showcase a sense of place and convenience to Balboa Park, Downtown, and freeways make this niche neighborhood extremely desirable. The new owner will enjoy the security of having the property situated near infrastructure, jobs, as well as having easy access to Highway 94 and downtown. This offering is perfect for an investor looking to purchase a rarely traded asset and take advantage of one of the fastest growing areas in San Diego.