Pleased to present for sale a 6-unit value add apartment complex in the Mt. Hope Neighborhood of San Diego. Constructed in approximately 1925, this property rests on a 7,906 SF corner lot and offers 3,582 of rentable SF. 3505 L Street is comprised of (1) three-bedroom/two-bathroom, (1) three-bedroom/one-bathroom,(1) two-bedroom/one-bathroom cottage, (1) one-bedroom/one-bathroom unit, and two ADU studio conversions. This unique opportunity also has issued permits to convert the freestanding garage into an additional studio unit. The large corner lot offers fenced in yards and communal space, great for pets and tenant enjoyment outside. Located in the Southeastern portion of the city just a few miles from Renown Balboa Park and Downtown San Diego, this property is well positioned for workforce housing with the investors longevity in mind.
Sold for $991,250
Tax assessed value
$991,250
3505-11 L St, San Diego, CA 92102
9beds
7baths
--sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$4,774 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,774/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Carson P Trujillo DRE #01974818 858-373-3285,
Marcus & Millichap
Bought with:
Carson P Trujillo, DRE #01974818
Marcus & Millichap
Source: SDMLS,MLS#: 240014558
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 7
Interior area
- Total structure area: 0
Property
Features
- Stories: 2
Details
- Parcel number: 5461262500
- Zoning: R-2:MINOR
- Zoning description: R-2:MINOR
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Community & HOA
Location
- Region: San Diego
Financial & listing details
- Tax assessed value: $991,250
- Annual tax amount: $12,451
- Date on market: 6/25/2024
- Total actual rent: 8904
Price history
| Date | Event | Price |
|---|---|---|
| 11/26/2024 | Sold | $991,250-14.5% |
Source:  SDMLS #240014558 Report a problem | ||
| 9/22/2021 | Sold | $1,160,000+55.7% |
Source: Public Record Report a problem | ||
| 11/15/2004 | Sold | $745,000+91% |
Source: Public Record Report a problem | ||
| 3/3/2004 | Sold | $390,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,451 -16.2% | $991,250 -17.9% |
| 2024 | $14,862 +2.3% | $1,206,864 +2% |
| 2023 | $14,534 +2.7% | $1,183,200 +2% |
| 2022 | $14,148 +90.4% | $1,160,000 +93.3% |
| 2021 | $7,431 +9.2% | $600,000 +9.1% |
| 2020 | $6,802 +10.4% | $550,000 +10% |
| 2019 | $6,160 +9.7% | $500,000 +5.3% |
| 2018 | $5,617 +12.2% | $475,000 +11.8% |
| 2017 | $5,007 +20.9% | $425,000 +21.4% |
| 2016 | $4,143 0% | $350,000 |
| 2015 | $4,144 +4% | $350,000 +4.5% |
| 2014 | $3,984 | $335,000 |
| 2013 | -- | $335,000 +37.9% |
| 2012 | -- | $243,000 |
| 2011 | -- | $243,000 |
| 2010 | -- | $243,000 -5.8% |
| 2009 | -- | $258,000 -55.1% |
| 2008 | -- | $575,000 -25.8% |
| 2007 | -- | $775,098 +2% |
| 2006 | -- | $759,900 +2% |
| 2005 | -- | $745,000 +351.6% |
| 2004 | -- | $164,951 +1.9% |
| 2003 | -- | $161,929 +4% |
| 2001 | -- | $155,643 |
Find assessor info on the county website
Neighborhood: Mt. Hope
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Nearby schools
GreatSchools rating
- 5/10Chollas/Mead Elementary SchoolGrades: K-5Distance: 1.2 mi
- 2/10Millennial Tech Middle SchoolGrades: 6-8Distance: 1.8 mi
- 4/10Lincoln High SchoolGrades: 9-12Distance: 1.7 mi
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- California
- San Diego County
- San Diego
- 92102
- Mt. Hope
- 3505-11 L St
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