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    2411 L St San Diego, CA 92102

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    For Sale
    $2,450,000

    Ten units plus two planned ADUs near San Diego attractions.

    Type:Investment
    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

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    Listing Contact
    Maxwell Brown

    Listing agent Maxwell Brown License #02127395

    Listing office Commercial Asset Advisors

    Listing date Apr 24, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Commercial Asset Advisors


    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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.142121
    Latitude
    32.7071529

    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.
    More about this property
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