2045 K Street is a well maintained apartment complex located in beautiful Sherman Heights, two blocks east of the gentrified East Village submarket of Downtown San Diego. The property consists of 7 legal units in two buildings. One building consists of a detached 1Br/1Ba cottage with attached garage and private backyard area. The second building consists of a large 2Br/1Ba apartment, a 1Br/1Ba apartment and four studio apartments. All units have been upgraded to varying degrees but have yet to be modernized to today's standards hence there is significant rental upside potential. The property has also been designated historical by the San Diego Historical Board. This special designation allows the property to qualify for the Mills Act which provides major property tax savings (already in place). Due to the strategic location, attractive features and rental upside potential this is an extremely well priced investment opportunity that is rarely offered in the marketplace.