2201 E St 5 Unit Apartment Building $2,515,075 CAD ($503,015 CAD/Unit) 4.27% Cap Rate San Diego, CA 92102

We are present 2201 E Street, a 5-unit apartment community located in the highly desirable "Sloipes" of Golden Hill neighborhood of San Diego overlooking downtown. Originally constructed in 1915, the property offers a unique opportunity to acquire a well-maintained, character-rich asset in one of San Diego’s most walkable and centrally located urban submarkets, ideal for both owner-occupants (includes expansive roof deck with panoramic views) and investors.
The property features a unit mix of one (1) one-bedroom / 1.5-bath penthouse with enormous rooftop deck, three (3) one-bedroom / one-bath units, and one (1) large studio unit, appealing to a diverse tenant base seeking proximity to Downtown San Diego. The penthouse unit features an expansive rooftop deck with panoramic views, creating a highly desirable owner’s unit or premium rental. Additionally, the detached garage located to the left of the main structure (as shown in the cover photo) is included as part of
the property, offering added utility and potential income.
Ideally suited for an owner-occupant seeking to live in the penthouse unit while generating income from the remaining units, the property also presents a strong investment opportunity in a supply-constrained submarket. The units offer functional layouts and strong rental appeal within a neighborhood known for its historic charm and neighborhood feel. Located in Golden Hill, the property benefits from excellent walkability, with residents within close proximity to a variety of restaurants, coffee shops, and retail along 25th Street, as well as convenient access to Balboa Park and Downtown San Diego.
The property also offers excellent regional connectivity, with easy access to Interstate 5, State Route 94, and Interstate 15, providing efficient travel to major employment centers throughout San Diego County. With its prime infill location, rooftop views, flexible unit mix, and owneruser appeal, 2201 E Street presents a compelling opportunity for both owner-occupants and investors seeking long-term upside in one of San Diego’s most sought-after urban neighborhoods.