Prime Investment Duplex with 3rd Level Bonus unit that adds 1189sf! – 2832 & 2834 K Street, San Diego. Presenting an exceptional opportunity to acquire a versatile and income-generating duplex in a centrally located and high-demand area of Grant Hill San Diego. 2832 and 2834 K Street offer two spacious 2-bedroom, 2-bathroom units, each boasting approximately 1,260 square feet of living space for a total of 2561sf. Each unit includes a bonus room—ideal for use as a home office or easily converted into a third bedroom—enhancing both functionality and rental value. What truly sets this property apart is the expansive third-floor permitted recreation space, encompassing an estimated 1,189 square feet (total of 3683sf for building if included). This fully approved and permitted attic area offers tremendous upside potential. Investors have the flexibility to: Convert the space into a standalone 3-bedroom, 2-bathroom unit, generating an additional income stream, or integrate it with the 2834 K Street unit to create a large, multi-level residence with expanded bedroom and bathroom counts, catering to tenants seeking more spacious accommodations. Highlights include: -Off-street parking available for tenants, supplemented by abundant street parking -Select units feature recently upgraded appliances -Strong potential for increased rental income through unit upgrades and redevelopment for attic -All rough in work (electrical, plumbing) is complete in the third level roomCurrent Rental Details: 2832 K Street is leased on a 12-month lease at $3,540/month, with the owner covering water and electric. 2834 K Street operates on a month-to-month lease at $3225/month, with the owner covering water and the tenant responsible for electric and all other utilities. Positioned in Grant Hill, a neighborhood experiencing rapid revitalization with new developments, infrastructure upgrades, and growing tenant demand. This property offers both stability through current rents and substantial upside through redevelopment and unit expansion, making it ideal for investors, developers, or owner-occupiers looking to add long-term value. This property boasts significant advantages, including ample parking for current and future tenants. The off-street parking provides at least twelve accessible spaces, despite no assigned spots due to a nearby school. Additionally, four off-street parking spaces, highlighted in red, offer secure vehicle storage and add value to the property. This area also allows flexibility for future development, making it appealing to potential buyers or investors seeking growth opportunities.
For sale
Price cut: $75K (7/3)
$1,350,000
2832-34 K St, San Diego, CA 92102
4beds
4baths
--sqft
Est.:
Multi Family
Built in 2008
-- sqft lot
$1,357,200 Zestimate®
$--/sqft
$-- HOA
What's special
Recently upgraded appliancesOff-street parkingAbundant street parking
- 64 days
- on Zillow |
- 327 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: July 03, 2025 at 01:48pm
Listed by:
Rory M Cornelius DRE #02161116 760-710-1897,
ROA California Inc
Source: SDMLS,MLS#: 250029890
Originating MLS: San Diego Association of REALTOR

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Cooling
- Central Forced Air
Interior area
- Total structure area: 2,520
Video & virtual tour
Property
Features
- Levels: 3 Story
- Fencing: Other/Remarks
- Has view: Yes
- View description: Bay, City
- Has water view: Yes
- Water view: Bay
Details
- Parcel number: 5451611700
- Zoning: RM-1-1
- Zoning description: RM-1-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Composition
Condition
- Year built: 2008
Utilities & green energy
- Water: Meter on Property
- Utilities for property: Sewer Connected
Community & HOA
Community
- Security: N/K
- Subdivision: SAN DIEGO
Location
- Region: San Diego
Financial & listing details
- Date on market: 6/7/2025
- Listing terms: Cash,Conventional,Seller May Carry
- Tenant pays: Electricity
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