List Price: $1.35M

Listing Status: Active

Days on Market: 1

0 Bedrooms · 0 Bathrooms

Property Type: ResidentialIncome

Year Built: 1920

Lot Size: 4,254 sq ft

MLS Number: 260008705SD

About This Property

CBRE is pleased to present 572 21st Street, a fully restored 3-unit property located in the evolving Sherman Heights neighborhood of San Diego, just east of Downtown. Situated on a 4,254 square foot lot, the property consists of a two-story building totaling approximately 2,145 rentable square feet, offering a unique opportunity ideally suited for an owner-occupant, with additional appeal to investors. The property features one (1) three-bedroom / 1.5-bath unit, one (1) one-bedroom / one-bath unit, and one (1) studio loft, providing a flexible layout ideal for an owneroccupant seeking to live in the primary residence while offsetting expenses through income generated from the remaining units. The three-bedroom unit is currently vacant, allowing for immediate occupancy, and is well-suited for personal use, livework, or potential office space. The additional units offer income potential through traditional leasing or short-term rental (subject to local regulations). The property’s configuration may also lend itself to alternative residential use scenarios (buyer to verify). The property may also qualify for residential 2–4 unit financing, allowing buyers access to 30-year fixed-rate loan options (rates subject to market conditions and buyer qualification). Originally constructed in a historic Victorian style, the property has been extensively renovated, including upgrades to plumbing, electrical systems, drywall, and partial foundation improvements, resulting in a well-maintained asset with limited deferred maintenance. Each unit is individually water sub-metered.

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