San Diego, CA 92102 2980 K St

Located in the rapidly developing Grant Hill neighborhood, this duplex presents a compelling value-add opportunity for investors seeking immediate upside and long-term flexibility. The property features a unit mix of one 3-bedroom, 2-bath unit (approximately 750 SF) — currently unoccupied with laundry hookups — and one 3-bedroom, 1-bath unit (approximately 634 SF), occupied on a month-to-month basis. Each unit is separately metered for gas and electricity, and both benefit from dedicated off-street parking. Situated on a 2,791 SF corner lot and zoned RM-1-1, the site offers potential for additional development, including the possibility of adding an ADU. A rare basement provides extra storage utility, and the compact footprint of the existing 1,384 SF structure leaves room for future reconfiguration or expansion. This is an ideal acquisition for investors looking to reposition a well-located asset in a high-demand rental submarket near Downtown San Diego.