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20th ST San Diego CA 92102 MLS #PTP2507231

Well-maintained 7-unit value-add multifamily property in the heart of Sherman Heights, one of San Diego’s most vibrant and rapidly growing neighborhoods. Spans two buildings on a corner lot and includes: (4) 2-bed/1-bath units, (3) 1-bed/1-bath units, (5) large 1-car garages, (5) storage units, gated courtyard, on-site laundry. Potential to convert garages to ADUs. Separate water meters/heaters for all units – tenants pay all utilities. Upgrades include new roofs (2016), new windows (last 3–4 years), interior improvements, various plumbing and electric upgrades, and a sewer main line replacement (15 years ago). Some upper units offer bay, bridge, and Downtown skyline views. With month-to-month tenants in place, there’s an estimated 43% income upside, and units are ready for further upgrades. The location offers easy access to Downtown San Diego, Balboa Park, Petco Park, and the Gaslamp Quarter, plus convenient public transit and freeway access.

Property Details

Price:
$2,000,000
MLS #:
PTP2507231
Status:
Active
Beds:
0
Baths:
0
Address:
20th ST
Type:
Commercial
Subtype:
Multi Family
Neighborhood:
92102
City:
San Diego
Listed Date:
Oct 29, 2025
State:
CA
Total Sq Ft:
3,982
ZIP:
92102
Lot Size:
217,451,520 sqft / 0.11 acres (approx)
Year Built:
1966

Schools

Interior

Laundry Features
A R

Exterior

Financial

Net Operating Income
$74,949

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