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1903 K St
San Diego, CA 92102
Shepard's Garden · Multifamily Property For Sale
·
28 Units
PROPERTY FACTS
| No. Units | 28 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 11,894 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1920/2010 |
| Building Class | C | Parking Ratio | 1.37/1,000 SF |
| Zoning | C | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 11,894 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2010 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Heating
- Tub/Shower
- Freezer
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Gated
- Individual Locking Bedrooms
- Private Bathroom
- Walk-Up
ABOUT 1903 K ST , SAN DIEGO, CA 92102
Marcus & Millichap is pleased to present 1903 K Street, a historical twenty-eight (28) unit multifamily investment opportunity located in the Sherman Heights district of downtown San Diego, California.The property comprises one (1) studio, two (2) 1BR/1BA units, and twenty-five (25) single-room occupancy (SRO) units, which share common kitchens and bathrooms. All of the units are currently monthly rentals, but the property has much potential upside in rental income and could also be re-positioned and run as a high-turnover vacation or AirBnb operation. The Sherman Heights neighborhood is a small six-by-six block community known for its many beautiful historical homes. The subject property is located next door to the Iconic Villa Montezuma, an intricate Victorian Mansion built by musician and spiritualist Jesse Shepard in 1887. Villa Montezuma is now operated as a museum, adding to the rich history and charming character of the neighborhood. The subject property is conveniently located to many amenities within a short walking distance: a Neighborhood Walmart Grocery Store is three blocks away, many fast-casual dining options, the 25th & Commercial St Trolley Station on the Orange Line, and the Sherman Heights Community Center. Because of its proximity to the rapidly-changing East Village district, the Sherman Heights Community will continue to be a highly desirable and more affordable alternative to the booming modern development of downtown San Diego.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 26 | $787.50 | 205 |
| 1+1 | 2 | $800.00 | 250 |
PROPERTY TAXES
| Parcel Number | 535-413-16 | Improvements Assessment | $864,525 |
| Land Assessment | $1,673,277 | Total Assessment | $2,537,802 |
PROPERTY TAXES
