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$2,000,000

  • For Sale
  • Active
  • Commercial Multi-Family
  • 3,982 Sq. Ft.
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PRICE REDUCED $100K! Bring all offers. Well-maintained 7-unit value-add multifamily property in the heart of Sherman Heights, one of San Diego's most vibrant and rapidly growing neighborhoods. Spans two buildings on a corner lot and includes: (4) 2-bed/1-bath units, (3) 1-bed/1-bath units, (5) large 1-car garages, (5) storage units, gated courtyard, on-site laundry. Potential to convert garages to ADUs. Separate water meters/heaters for all units - tenants pay all utilities. Upgrades include new roofs (2016), new windows (last 3-4 years), interior improvements, various plumbing and electric upgrades, and a sewer main line replacement (15 years ago). Some upper units offer bay, bridge, and Downtown skyline views. With month-to-month tenants in place, there's an estimated 43% income upside, and units are ready for further upgrades. The location offers easy access to Downtown San Diego, Balboa Park, Petco Park, and the Gaslamp Quarter, plus convenient public transit and freeway access.

Full Property Details for 165 20th St

General

  • Price: $2,000,000
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: MRMLS
  • MLS ID: PTP2507231
  • Updated: 1/5/2026
  • Days on Market: 134 days
  • Added to Site: 148 day(s) ago

Interior

  • Laundry Facilities: Yes

Rooms

Other Rooms

  • Laundry: Common Area

Location

  • County: San Diego
  • Driving Directions: Google Maps

Structural Information

  • # Buildings: 2
  • Entry Floor Number: 1
  • Stories/Levels: 2
  • Building Size: 3982
  • Square Feet: 3,982
  • Year Built: 1966
  • Year Built Source: Assessor

Lot Features

  • Lot Size Source: Assessor
  • Lot Features: Corner Lot, Level with Street, Level, Near Public Transit, Park Nearby, Paved
  • Lot Description: Corner Lot, Level with Street, Level, Near Public Transit, Park Nearby, Paved

Financial Considerations

  • Price Per Sq. Ft.: $502
  • Expenses: $55,149
  • Operating Expenses: $55,149

Disclosures and Reports

  • Investment: Yes
  • Property ID: 5354240100

Listed by Top Gun CRE, MaxDelbecq

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Listing agent

— 165 20th St —

  • MaxDelbecq

    Top Gun CRE

maxd@topguncre.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 165 20th St

School District:San Diego City Unified School District
NameGradesDistance
Sherman Elementary School
301 22nd Street, San Diego, CA 92102
K-50.2 mi
Logan Memorial Educational Campus
2875 Ocean View Boulevard, San Diego, CA 92113
6-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 165 20th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/29/2025
Price Reduced
$2,000,000
-4.76%
MLS
9/22/2025
Listed
$2,100,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 165 20th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,568
6%
$360,398
4%
2023
$4,294
3%
$346,405
2%
2022
$4,179
1%
$339,614
2%
2021
$4,151
1%
$332,956
1%
2020
$4,101
2%
$329,543
2%
2019
$4,028
7%
$323,082
2%
2018
$3,767
2%
$316,748
2%
2017
$3,677
2%
$310,538
2%
2016
$3,614
1%
$304,450
2%
2015
$3,561
2%
$299,878
2%
2014
$3,507
—
$294,004
—
2013
$3,503
—
$292,676
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 165 20th St

$
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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Top Gun CRE, MaxDelbecq

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165 20th Street, San Diego, CA 92102 (MLS# PTP2507231) is a Commercial Multi-Family property. 165 20th Street is currently listed for $2,000,000 and was received on September 22, 2025. Want to learn more about 165 20th Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in San Diego? You can browse all San Diego real estate or contact a Coldwell Banker agent to request more information.

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