We are 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… Read More opportunity ideally suited for an owner-occupant, with additional appeal to investors. The property features one (1) three-bedroom / 1.5-bath unit (NEWLY VACANT), one (1) one-bedroom / one-bath unit, and one (1) studio loft, providing a flexible layout ideal for an owner-occupant 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 architectural 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. Located in Sherman Heights, an urban infill neighborhood experiencing ongoing reinvestment, the property benefits from strong walkability and proximity to Downtown San Diego and Balboa Park, as well as convenient access to Interstate 5 and State Route 94. Residents enjoy access to a growing mix of restaurants, retail, and neighborhood amenities, further enhancing its appeal. With its flexible unit mix, historic character, and central location, 572 21st Street presents a compelling opportunity for an owner-occupant to enjoy urban living with supplemental income in one of San Diego’s most accessible neighborhoods. Read Less
Listing Snapshot
Days Online
32
Last Updated
Lot Size
0.1 Acres
Year Built
1920
MLS Number
260012376SD
Additional Details
Appliances & Equipment
GasWaterHeater
Building
Built in 1920, 1 building, 2 stories, Levels: Two
Community
Park Name: complex
Cooling
WallWindowUnits
Heating
NaturalGas
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $77,640, Net Operating Income: $51,213
Lot
0.0977 acres
Pool
None
Property
Bay
Roof
Composition
Taxes
Parcel Number: 5352141500
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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