2404 C St, San Diego, CA 92102

Property Description

This is a 22 unit Multi-Family Asset in the best Golden Hill location. The building is 17,382 square feet, was built in 1965 and has a tentative condominium plan that an investor could complete and sell off the units individually once the market firms up. The property has been meticulously maintained as you will see in the pictures and has lots of upside in rents either through modest bumps or by making additional improvements to the property like enclosing the tuck under parking and converting them to garages. 2404 C St is in the Golden Hill neighborhood in San Diego, CA. www.2404cstreet.com This Property is a 22 prime unit multi-family asset located at 24th and C Street on Golden Hill, outside of downtown San Diego within two blocks of Interstate 5 and the 94 Freeway, walking distance to shops, restaurants, Balboa Park, City College and the city library. Unit mix consists of (10) 1 bed / 1 bath, (10) 2 bed / 1.5 bath, (1) 2 bed / 2 bath and a penthouse studio apartment with panoramic views. many of the units have been renovated with new laminate floors, upgraded counters, plenty of parking which includes 24 spaces and 8 garages. Something worth noting is the condominium map, what that means to an investor is that you are able to buy for cash right flow right now and land bank it for future development as condos, that gives somebody an advantage as it has multiple exit strategies if they ever decide to sell the property. this is a chance for an investor to buy trophy property in a prime location.