2621 Monroe Avenue

San Diego CA 92116

5700 sq. ft.

Other

Last sold for $2,160,000

Austin Huffman, last sold this property on 21 July 2025 after 292 days on market.

Overview

We are pleased to present 2621-27 Monroe Avenue which is situated in the highly regarded University Heights neighborhood of San Diego, CA. This 8-unit property includes one (1) one-bedroom/one-bath unit and seven (7) two-bedroom/two-bathroom units. Nestled west of Interstates 805 and bordered by Mission Valley to the north and Hillcrest to the west, University Heights is known for its vibrant culinary scene, lively bars, and unique thrift stores. This makes it a highly attractive area for renters. The property presents a rare opportunity for investors aiming to capitalize on the growth and demand in one of San Diego's prime rental markets. The central location and dynamic community of University Heights ensure strong demand for rental units, with strategic renovations and upgrades offering considerable potential to elevate the property's value and achieve market-standard rental rates. 2621-27 Monroe Avenue is a compelling investment opportunity in a thriving neighborhood. Its prime location and vibrant community make it attractive to both renters and investors. This property offers a promising chance to invest in a flourishing market, with substantial returns possible through strategic enhancements and management. This is a rare opportunity to acquire a value-add asset in a high barrier to entry market with a desirable unit mix, with 88% of the units being spacious 2-bedroom apartments. Boasting a walkscore of 94, it also has easy access to Tier-1 employment hubs of Mission Valley, and Downtown San Diego via Interstate-805 and Route 163.

Features

3 bedrooms

2 bathrooms

5700 sq. ft. floor area

Other

Estimated Value

Based on this property and similar 3 bedroom other properties sold in San Diego over the last 12 months, the estimated median property value of 2621 Monroe Avenue is $2.37m.

Median value

$2.37m

Estimated value range

$2.16m - $2.88m

Median days on market

Estimated value trend

101%

increase over the last 12 months

Average days on market is based on recent, comparable sales in San Diego. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 2621 Monroe Avenue

2025

Sold

$2,160,000

21 Jul 2025 by Austin Huffman, of Marcus & Millichap

Happy sellers in San Diego

We have insufficient information to provide an overview of customer satisfaction for San Diego. Viewing the agent profiles, reviews and sales for San Diego can provide insights for this location.