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Property for sale: 3209 L Street in San Diego

3209 L Street San Diego

Main Photo: Property for sale: 3209 L Street in San Diego
$2,995,000 /599000.0
Prop. Type:
Com-Res Income
MLS® Num:
250030964
Status:
Active
Year Built:
2024
We are pleased to present 3209 L Street; a newly constructed 5-unit community located in the emerging Stockton neighborhood of San Diego. Built in 2024, the property features a desirable unit mix comprised entirely of 4-bedroom townhomes, averaging over 1,400 square feet. The property does NOT have any affordable or deed restricted units which are commonly found on other developments throughout the county. The project’s construction design is luxurious and contemporary with the finished product being superior in quality and kind to all other inventory within the submarket. These stunning custom homes feature plenty of natural sunlight and are appointed with premium designer fixtures and finishes, quartz countertops, wood cabinetry, stainless-steel appliances, luxury vinyl-plank flooring, ample closet space, recessed lighting, HVAC systems, owned solar array, and in-unit washers and dryers. These large floorplans are ideal for workforce housing just blocks away from downtown San Diego. The Stockton neighborhood is rich in cultural heritage, and burgeoning potential, and the asset is ideally located 1.5 miles away from the heart of Downtown San Diego, a Tier-1 employment center. A new Community Master Plan was recently adopted that aims to strengthen residents and businesses in the Greater Southeast San Diego neighborhoods. Coupled with an overall well-designed economic expansion of Downtown San Diego, the new community plan will bring major positive implications in the submarket over the next few decades.
Price Per Unit:
599000.0
County:
San Diego
Market Area:
Metro Central
Number of Buildings:
1
Number of Units:
5
Num Stories:
2
Year Built:
2024
Gross Multiplier:
12.74
Gross scheduled income:
235020.0
Operating expense:
66046
Gross equity:
2995000
Motive / Want:
Sell
Listing Type:
Exclusive Agency (A)
Exterior Finish:
None
Parcel Number:
54533703
Number of Units in Unit 1:
4
Bedrooms for Unit 1:
4
Bathroom 1:
2.5
Number of Units in Unit 2:
1
Bedrooms for Unit 2:
4
Bathroom 2:
3.0
Listed by Marcus & Millichap
Data was last updated July 2, 2025 at 11:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty