2621-27 Monroe Avenue, San Diego, CA - Berkshire Hathaway HomeServices California Properties

2621-27 Monroe Avenue, San Diego, CA

$2,350,000 Approx. USD 3 beds, 2 baths
5,700 sqft

Listing Agent


Austin Huffman
Lic#: 01981817
Broker: Courtesy of Marcus & Millichap

Agent Remarks

We are pleased to present 2621-27 Monroe Avenue which is situated in the highly regarded University Heights neighborhood of San Diego, CA. This 8-unit property includes one (1) one-bedroom/one-bath unit and seven (7) two-bedroom/two-bathroom units. Nestled west of Interstates 805 and bordered by Mission Valley to the north and Hillcrest to the west, University Heights is known for its vibrant culinary scene, lively bars, and unique thrift stores. This makes it a highly attractive area for renters. The property presents a rare opportunity for investors aiming to capitalize on the growth and demand in one of San Diego's prime rental markets. The central location and dynamic community of University Heights ensure strong demand for rental units, with strategic renovations and upgrades offering considerable potential to elevate the property's value and achieve market-standard rental rates. 2621-27 Monroe Avenue is a compelling investment opportunity in a thriving neighborhood. Its prime location and vibrant community make it attractive to both renters and investors. This property offers a promising chance to invest in a flourishing market, with substantial returns possible through strategic enhancements and management. This is a rare opportunity to acquire a value-add asset in a high barrier to entry market with a desirable unit mix, with 88% of the units being spacious 2-bedroom apartments. Boasting a walkscore of 94, it also has easy access to Tier-1 employment hubs of Mission Valley, and Downtown San Diego via Interstate-805 and Route 163.

Listing Details

Property type: Com-Res Income (Multi-Family)
Status: PENDING
MLS# 250023805
Price: $2,350,000
Beds: 3
Baths: 2
5,700 sqft
0.00 acres
County: San Diego
MLS area: Metro Uptown

Last Updated: 7/10/2025

 Find more San Diego homes and real estate

This listing belongs to the Metro Uptown MLS area

Lat/Long: 32.758966, -117.135686.
Find nearby listings

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

Area Map

Demographics

Schools

Near by

Similar Listings