NEW! Buy and sell safely with virtual options - Learn More
About the Listing 88774 - 822075,SAND-604105
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.
Listing Highlights
Status
Active
Days on Site
42
Property Type
Commercial Sale
MLS ®
PTP2603001
Year Built
1957
Total Square Footage
7,800
Lot/Acreage
N/A
County
San Diego
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: Dryer, Washer
- Air Cond:
- Heating: Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Sloped Down,Front Yard,Garden,Landscaped,Near Public Transit,Steep Slope,Walkstreet,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 12
- Zoning: RM 2-5
- Roof: Composition,Common Roof
- Others: Frame,2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4516331000
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
2901 Columbia St San Diego, CA 92110
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
