2411 L Street, San Diego, CA 92102

• 3,572 sqft

Property Description

2411-21 L St provides an investor a semi new construction 10+2 unit asset. The property consists of 6 fully rehabilitated cottages, 4 new construction units, and approved plans to build out another 2 mid-size ADUs on a significant cost of construction discount for a trifecta turnkey, new construction, & value-add combination in Central San Diego. 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, and Balboa Park. 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, appliances, bathrooms, flooring, drywall, lighting, windows etc. The exterior siding is mo

Listing Status:

Active

Date Added:

January 30, 2026

Data Last Updated:

February 9, 2026 at 12:06PM

Listing Office:

Commercial Asset Advisors : 858-360-3000

Listing Agent:

Maxwell Brown : 925-872-6746

MLS ID:

CRPTP2600781

Interior

• Laundry: Gas Dryer HookupOther

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS
• County: San Diego

Lot

• Zoning: RM-25354620400

Financial

• Source: CRMLS