849 22nd St, Golden Hill, CA 92102

Property Description

"Historic Golden Hill Treasure, 8 Updated Studios Wrapped in Old San Diego Charm." WHAT WE LOVE: This is not your typical 8-unit. It doesn’t feel like a box, it feels like a piece of Golden Hill history that just happens to produce income. Set up like a classic San Diego home with a true street presence, front approach, and multiple outdoor common areas, the property delivers something investors rarely get, character. All eight studios have been variously updated, giving the next owner a clean starting point without the heavy lift. It is the kind of opportunity that checks both sides of the equation, strong usability today with a vibe that tenants actually want to live in, which helps keep demand consistent and turnover low. WHAT WE LOVE (CONT…): Golden Hill has quietly become one of San Diego’s most sought after urban pockets, known for its blend of historic architecture, creative energy, and proximity to everything that matters. Minutes to Downtown, East Village, Balboa Park, and major transit corridors, yet elevated just enough to feel removed from the noise. That balance is exactly why tenants are drawn here. The property itself carries that same duality. From the street, it presents like a classic residence from an earlier era, not a cookie cutter apartment building. The layout creates a more residential feel with usable outdoor spaces, adding to the livability and tenant experience. All units are studio layouts - most with lofts, offering efficient footprints that continue to perform well in rental markets like this where location drives demand. For investors, this is a rare opportunity to own a multi-unit asset that stands apart from the typical inventory. Updated interiors reduce immediate capital needs, while the underlying character and location create long term appeal. Whether the goal is steady income, portfolio diversification, or a strategic hold in one of San Diego’s most dynamic neighborhoods, this property offers a compelling combination of stability, uniqueness, and future upside.