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215-221 20th St 6 Unit Apartment Building $1,750,000 ($291,667/Unit) 4.62% Cap Rate San Diego, CA 92102
Investment Highlights
- Upside without heavy lifting: Several units have already been remodeled and there is still space to grow the rents
- Great Location for Commuting: Only a short drive from most of San Diego. A quick commute to work is valuable to tenants
- Walkable Location: Walking Distance from Downtown. There are plenty of nearby restaurants.
Executive Summary
South Coast Commercial is pleased to present 215–221 20th Street, a 6-unit multifamily investment located in the desirable Sherman Heights neighborhood of San Diego. The property comprises six one-bedroom/one-bath apartments across one- and two-story structures. With its efficient design and stable operations, the asset offers investors a well-positioned opportunity in a revitalizing submarket.
Shown only with accepted offer. Information herein has been obtained from sources believed reliable. South Coast Commercial INC does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations.
Reach out to Ellis Jolly for all questions and info (619) 415-5736
Shown only with accepted offer. Information herein has been obtained from sources believed reliable. South Coast Commercial INC does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations.
Reach out to Ellis Jolly for all questions and info (619) 415-5736
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $291,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.62% | Building Size | 2,808 SF |
| Gross Rent Multiplier | 13.3 | No. Stories | 1 |
| No. Units | 6 | Year Built | 1950 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | MF-3000, San Diego | ||
| Price | $1,750,000 |
| Price Per Unit | $291,667 |
| Sale Type | Investment |
| Cap Rate | 4.62% |
| Gross Rent Multiplier | 13.3 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,808 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
| Zoning | MF-3000, San Diego |
Amenities
Unit Amenities
- Dishwasher
- Disposal
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 535-421-06 | Total Assessment | $1,450,168 (2025) |
| Land Assessment | $870,102 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $580,066 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
535-421-06
Land Assessment
$870,102 (2025)
Improvements Assessment
$580,066 (2025)
Total Assessment
$1,450,168 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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215-221 20th St
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