2921 Columbia St, San Diego, CA

Real Estate

For Sale

Listed price in listed location currency (USD).

$4,150,000

0012

MLS® PTP2603001

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes

Days Active 0

Approx. Age 1957

MLS® Number PTP2603001

Property Address: 2921 Columbia St, San Diego, CA, 92103-6051

Average square foot calculated using Size range provided by listing agent.

Description

Discover a compelling value-add investment opportunity at 2901–2921 Columbia Street — an 11-unit multifamily perfectly positioned in the heart of Middletown, one of Metro San Diego's most sought-after and consistently resilient neighborhoods. This is your chance to acquire a well-located asset in a submarket that continues to attract strong renter demand and long-term appreciation potential. Offered exclusively by JP Equity Real Estate, this RM-2-5 zoned corner lot offers significant upside potential for investors looking to increase current rents and even higher through unit upgrades or explore future development possibilities. Middleton is surrounded by Mission Hills, Hillcrest, Bankers Hill and Little Italy and is a 4-minute walk from the trolley stop. The property itself is well-maintained, providing stable in-place income while an investor executes their value-add strategy. Key features include a desirable unit mix with many units enjoying panoramic views of the bay and downtown skyline, most units with balconies and/or patios, mature landscaping, 12 parking spaces, triple-pane windows, a pitch composition roof, a carport with attached storage, and common laundry facilities — all set on an elevated lot that enhances privacy and street presence. The current owners have been generous stewards of their tenants, holding rents conservatively below market across all unit types —averaging 40% below prevailing market rates. One-bed units running $1, 335–$1, 550 against a market of $2, 200–$2, 600 and two-bed units at $2, 400–$2, 500 against a market of $2, 800–$3, 400. The crown jewel is a 1, 418 SF three-bed/two-bath unit currently at $2, 550 — well below its market potential of $3, 800–$4, 500 — which could also be positioned as a stunning owner-occupant residence.

MLS® NumberPTP2603001

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelCommon Area, Inside, Laundry Room

Exposure

Exterior

GarageNo

Approx. Age1957

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 22, 2026List Date

$4,150,000List Price

Commute

Commute

Starting Address

Destination Address

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