2832-34 K St, San Diego, CA 92102 - MLS#250029890 - Arash Rokni

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$1,475,000

Est. payment - /mo

4 Beds

4 Baths

1,260 SqFt

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,260 sqft

Price per Sqft $1,170

Subdivision San Diego

MLS Listing ID 250029890

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 2008

Property Sub-Type Res Income 2-4 Units

Property Description

Prime Investment Duplex with 3rd Level Bonus unit that adds 1189sf! – 2832 & 2834 K Street, San Diego. Presenting an exceptional opportunity to acquire a versatile and income-generating duplex in a centrally located and high-demand area of Grant Hill San Diego. 2832 and 2834 K Street offer two spacious 2-bedroom, 2-bathroom units, each boasting approximately 1,260 square feet of living space for a total of 2561sf. Each unit includes a bonus room—ideal for use as a home office or easily converted into a third bedroom—enhancing both functionality and rental value. What truly sets this property apart is the expansive third-floor permitted recreation space, encompassing an estimated 1,189 square feet (total of 3683sf for building if included). This fully approved and permitted attic area offers tremendous upside potential. Investors have the flexibility to: Convert the space into a standalone 3-bedroom, 2-bathroom unit, generating an additional income stream, or integrate it with the 2834 K Street unit to create a large, multi-level residence with expanded bedroom and bathroom counts, catering to tenants seeking more spacious accommodations. Highlights include: -Off-street parking available for tenants, supplemented by abundant street parking -Select units feature recently upgraded appliances -Strong potential for increased rental income through unit upgrades and redevelopment for attic -All rough in work (electrical, plumbing) is complete in the third level room
Current Rental Details: 2832 K Street is leased on a 12-month lease at $3,540/month, with the owner covering water and electric. 2834 K Street operates on a month-to-month lease at $3225/month, with the owner covering water and the tenant responsible for electric and all other utilities. Positioned in Grant Hill, a neighborhood experiencing rapid revitalization with new developments, infrastructure upgrades, and growing tenant demand. This property offers both stability through current rents and substantial upside through redevelopment and unit expansion, making it ideal for investors, developers, or owner-occupiers looking to add long-term value. This property boasts significant advantages, including ample parking for current and future tenants. The off-street parking provides at least twelve accessible spaces, despite no assigned spots due to a nearby school. Additionally, four off-street parking spaces, highlighted in red, offer secure vehicle storage and add value to the property. This area also allows flexibility for future development, making it appealing to potential buyers or investors seeking growth opportunities.

Location

State CA

County San Diego

Community San Diego

Area San Diego (92102)

Building/Complex Name Grant Hill

Zoning RM-1-1

Interior

Heating Natural Gas

Cooling Central Forced Air

Fireplaces Number 2

Exterior

Exterior Feature Stucco

Fence Other/Remarks

View Bay, City

Roof Type Composition

Building

Lot Description Corner Lot, Public Street, Sidewalks

Story 3

Lot Size Range 4000-7499 SF

Sewer Sewer Connected

Water Meter on Property

Level or Stories 3 Story

Others

Acceptable Financing Cash, Conventional, Seller May Carry

Space Rent $3,540

Listing Terms Cash, Conventional, Seller May Carry

Pets Allowed Yes

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Listed by Rory M Cornelius • ROA California Inc

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

2832-34 K St San Diego, CA 92102

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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