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2980 K St

San Diego, CA 92102
  • $750,000
  • STATUS: ACTIVE
  • ON SITE: 52 Days
  • ID#: 250027711
UPDATED: 47 min ago
$750,000
  • 6
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,384
    SQFT
  • $542
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

Located in the rapidly developing Grant Hill neighborhood, this duplex presents a compelling value-add opportunity for investors seeking immediate upside and long-term flexibility. The property features a unit mix of one 3-bedroom, 2-bath unit (approximately 750 SF) — currently unoccupied with laundry hookups — and one 3-bedroom, 1-bath unit (approximately 634 SF), occupied on a month-to-month basis. Each unit is separately metered for gas and electricity, and both benefit from dedicated off-street parking. Situated on a 2,791 SF corner lot and zoned RM-1-1, the site offers potential for additional development, including the possibility of adding an ADU. A rare basement provides extra storage utility, and the compact footprint of the existing 1,384 SF structure leaves room for future reconfiguration or expansion. This is an ideal acquisition for investors looking to reposition a well-located asset in a high-demand rental submarket near Downtown San Diego.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.mercergrouprealestate.com/homes/163902748
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2980 K St San Diego, CA 92102

  • Price: $750,000
  • Status: ACTIVE
  • On Site: 52 Days
  • Updated: 47 min ago
  • ID#: 250027711
6
Beds
3
Baths
0
½ Baths
0.06
Acres
1,384
SQFT
$542
$/SQFT
1950
Built
Neighborhood:
Grant Hill
County:
San Diego
Area:
San Diego (92102)
Property Description
Located in the rapidly developing Grant Hill neighborhood, this duplex presents a compelling value-add opportunity for investors seeking immediate upside and long-term flexibility. The property features a unit mix of one 3-bedroom, 2-bath unit (approximately 750 SF) — currently unoccupied with laundry hookups — and one 3-bedroom, 1-bath unit (approximately 634 SF), occupied on a month-to-month basis. Each unit is separately metered for gas and electricity, and both benefit from dedicated off-street parking. Situated on a 2,791 SF corner lot and zoned RM-1-1, the site offers potential for additional development, including the possibility of adding an ADU. A rare basement provides extra storage utility, and the compact footprint of the existing 1,384 SF structure leaves room for future reconfiguration or expansion. This is an ideal acquisition for investors looking to reposition a well-located asset in a high-demand rental submarket near Downtown San Diego.
Exterior Features

Exterior Other/Remarks Fencing Other/Remarks Roof Other/Remarks Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Units With Garages 2 Units With Patios 2

Interior Features

Cooling Other/Remarks Furnished Units 2 Half Baths Unit1 0 Half Baths Unit2 0 Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups No Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 2 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2

Property Features

Actual Cap Rate 0.0 Age Restrictions N/K Annual Expense Actual 0 Annual Expense Projected 20109 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community SAN DIEGO Complex Park Grant Hill Cross Streets K St & 30th St Gross Rent Multiplier Actual 0.0 Gross Rent Multiplier Project 11.0 Gross Scheduled Income Actual 0 Gross Scheduled Income Project 68280 Mandatory Remarks None Known Market Area Metro Central Monthly Total Fees 0 Net Operating Income Projected 44757 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 6.0 Sales Restrictions Other/Remarks Security Other/Remarks Short Sale No Tenant Pays Other/Remarks Terms Other/Remarks Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 2995.0 Unit1 Rent Actual 0.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2695.0 Unit2 Rent Actual 0.0 Zoning RM-1-1

San Diego MLS logo Listing provided courtesy of Isaac Wentzien of Nara Advisors, Inc.: 619-861-8655. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Mercer Group | Keller Williams La Jolla
4071 Adams Avenue
San Diego CA, 92116