2202 E St

2202 E St, San Diego, CA 92102

PURCHASE PRICE - $2,400,000

PROPERTY DETAILS

Property Make Up: (8) 1-Bedroom Units

Building Size: 4,462 SF

Lot Size: 4,481 SF

Price Per SF: $537.88

PROPERTY HIGHLIGHTS

Value-Add Under Market Rents & Original Interiors
Corner Lot With Street Parking Spaces Out Front
Centrally Located In Golden Hill
Rare Spanish Style Construction
All 1-Bedroom Floor Plans

PROPERTY DESCRIPTION

CONTACT BROKER FOR OM

2202 E Street presents a rare opportunity to acquire a value-add multifamily asset in the highly desirable Golden Hill neighborhood of San Diego. Built in 1939, the property consists of eight (8) one-bedroom/ one-bathroom units totaling approximately 4,462 square feet of building area situated on a 4,881 square foot lot.
The property features classic Spanish-style architecture, with a courtyard-style layout and elevated positioning that provides strong curb appeal and character rarely found among other buildings. Many of the interiors maintain their original finishes, presenting investors with a clear opportunity to renovate units and significantly increase rental income through interior upgrades and operational improvements.

Units feature efficient one-bedroom floor plans that appeal to the area's strong renter base, including young professionals, service workers, and residents seeking proximity to downtown San Diego. With continued demand for centrally located rental housing, the property offers investors the ability to capture meaningful rental upside through a strategic renovation program.

2202 E Street represents an excellent opportunity for investors seeking a well-located multifamily property with strong value-add potential in one of San Diego's most desirable rental markets.