2520 24 L Street, San Diego, California 92102, San Diego, 92102 - 0 bed, 0 bath
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San Diego, California 92102
This Value-Add Multi-Family Asset in Grant Hill is now priced at $899,900 following a recent reduction. While the list price sits above the $804,815 Fair Market Value, the property’s Dual 2-Bedroom Units and San Diego Skyline Views ensure consistent rental appeal. With a Condition Rating of 4, the aging 1933 Infrastructure presents a clear opportunity for forced appreciation through modernization. Located within the San Diego Unified district near Petco Park, this duplex offers immediate income with long-term development potential. This is a prime choice for Buy-and-Hold Investors or Owner-Occupants.
Property is moderate renovation needed.
Built in 1933, this duplex is functional and currently generates income, but it is significantly outdated and marketed as a 'value-add' opportunity. While the property appears maintained through regular upkeep, the kitchen, bathrooms, and aging infrastructure (such as wall heaters and older fixtures) show clear signs of being outdated and will require modernization to meet current quality standards.
Situated in the Grant Hill neighborhood, the property offers exceptional proximity to Downtown San Diego, Petco Park, and major employment hubs, ensuring high rental demand and long-term appreciation.
The duplex configuration with two separate 2-bedroom units provides immediate cash flow and flexibility for either a pure investment strategy or an owner-occupant looking to house-hack.
Located in a rapidly improving urban core, the property presents a significant value-add opportunity through modernization or potential future redevelopment to maximize the lot's utility.
Built in 1933, the property likely requires updates to aging systems and structural elements to meet modern standards, which may necessitate immediate capital expenditure.
With a lot size of only 2,423 square feet, there is restricted space for private outdoor amenities, off-street parking, or significant footprint expansion.
Priced reduced and ready to sell! Exceptional multi-family opportunity in central San Diego, priced at $899,900. Located at 2520–24 L Street in the Grant Hill neighborhood, this well-positioned duplex offers immediate income with strong upside potential. The property features two separate 2-bedroom, 1-bath units, each with its own entrance. Ideal for investors or owner-occupants looking to live in one unit and rent the other, or for those seeking a value-add opportunity in a rapidly improving area. Centrally located just minutes from Downtown San Diego, Gaslamp Quarter, Petco Park, Balboa Park, and major employment centers, with easy access to freeways, public transit, shopping, dining, and entertainment. The area’s strong rental demand and walkability make this an attractive long-term hold. A rare chance to own a multi-unit property in an urban core location with income today and development upside tomorrow. Properties with this combination of location, flexibility, and price point do not last long.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,324 | 1,344 | 33% |
| Lot Size | 2,423 | 5,662.8 | 33% |
| Price | $899.9K | $890.0K | 67% |
| Price per sq ft | $680 | $618 | 67% |
| Built year | 1933 | 1942 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 63 | 236 | 33% |
Mar 27, 2026
$899,900
$949,000
-5% Price Drop
Initial Listing
Feb 18, 2026
$949,000
Initial Listing