L Street Apartments 3045 L St Immeuble residentiel 10 lots 2 725 830 € (272 583 €/Lot) San Diego, CA 92102

We are pleased to present the L Street Apartments, a 10-unit multifamily community with two buildable adjacent parcels located in the high-demand rental neighborhood of Grant Hill. The property features a desirable unit mix of four - 3 bed / 2 bath and six -2 bed / 1 bath units, totaling approximately 9,058 square feet. Five of the units have been recently upgraded with new flooring, appliances, interior paint, and vanities. Community amenities include a gated courtyard, on-site laundry, 10 off-street parking spaces, upgraded windows, and secure steel fencing with controlled access. The exterior also boasts fresh modern paint and low-maintenance desert landscaping. All three contiguous parcels are located in both an Opportunity Zone and the Tier 3 Complete Communities Plan area. The combined lot size is approximately 14,739 square feet, with the two vacant parcels totaling 7,614 square feet. Under RM-3-7 zoning and Tier 3 CCP guidelines, the site offers a 6.5 FAR and a maximum building height of 40 feet, allowing for significant development potential.
Also available is the adjacent single-family residence at 3035 L Street, a 4 bed / 2 bath home with potential for additional development at the rear of the lot, presenting a unique opportunity to expand or reposition in a fast-growing submarket.