2411 L St San Diego, CA 92102
- Added:
- Apr 24, 2026
- Days on Market:
- 8
- Last Refresh:
- Apr 24 at 3:47 pm
Property Features for 2411 L St
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 2025
Listing agent Maxwell Brown License #02127395 (925) 872-6746
Listing office Commercial Asset Advisors (925) 872-6746
Listing date Apr 24, 2026
Source Elliman
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Overview
Turnkey Multifamily Asset with ADU Potential
The property at 2411-21 L St is a partial new construction asset featuring ten units and the potential for two additional dwelling units (ADUs). The property includes six renovated cottages with new sewer and water lines, and four new construction studios with vaulted ceilings. There are also two plumbed and wired garages with plans ready to convert into two-bedroom, one-bath ADUs. The existing infrastructure allows for cost savings on ADU conversion. The property is located within a five-minute drive to Petco Park, Downtown San Diego, Coronado Island, the San Diego Waterfront, the Gaslamp District, and Balboa Park. The property is very bikeable with a bike score of 71, very walkable with a walk score of 86, and has good transit with a transit score of 68. The property can be operated as-is or the ADUs can be built out. Post completion value is estimated at $2,900,000 - $2,950,000.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.142121
- Latitude
- 32.7071529
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Ten units plus two planned ADUs near San Diego attractions.
Where is this apartment building located?
The property is located at 2411 L St San Diego, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Value‑add opportunity to build 2 pre‑planned ADUs, increasing GRM to 9.32% and cap rate to 6.78%.; Below‑market pricing for a partial new construction asset, offering $275k - $325k net equity upside upon ADU completion.; Turnkey property with a strong current yield: 11.22 GRM and 5.80% cap rate.
