2520 L Street

2520 L Street

D

San Diego, CA 92102

$899,900

Beds

Baths

Sqft

1,324

Year Built

1933

Days on Market

47

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

PTP2600853

Description

Priced reduced and ready to sell! Exceptional multi-family opportunity in central San Diego, priced at $899,900. Located at 2520–24 L Street in the Grant Hill neighborhood, this well-positioned duplex offers immediate income with strong upside potential. The property features two separate 2-bedroom, 1-bath units, each with its own entrance. Ideal for investors or owner-occupants looking to live in one unit and rent the other, or for those seeking a value-add opportunity in a rapidly improving area. Centrally located just minutes from Downtown San Diego, Gaslamp Quarter, Petco Park, Balboa Park, and major employment centers, with easy access to freeways, public transit, shopping, dining, and entertainment. The area’s strong rental demand and walkability make this an attractive long-term hold. A rare chance to own a multi-unit property in an urban core location with income today and development upside tomorrow. Properties with this combination of location, flexibility, and price point do not last long.

Mortgage Calculator

Est. Monthly Payment

$5,713

Principal & Interest$4,550
Property Tax$900
Insurance$262
%($179,980)
%

Investment Score

5D
Est. Monthly Rent
$4,231
Monthly Cashflow

Rent − PITIA

$-1,481
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,204

Mortgage (P+I)
$4,550
Cap Rate
1.79%
Cash-on-Cash
-21.36%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.74
Break-even Rent
$8,392

NOI (Annual)
$16,153
Price-to-Rent

Lower = better for investors

17.7

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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