4671 Terrace dr, San Diego, CA 92116
Active
$2,099,999
3 Units
6 Beds
4 Baths
n/a Area(sq.ft.)
Lot: 6,210 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | 250018206SD |
| Days On Market: | 365 |
| Listing Date: | February 5, 2025 |
| County: | San Diego |
| Property Type: | Residential Income |
| Price per unit: | $ 700,000 |
| Year Built: | 1950 |
Property Details
Renovated 3-Unit Property in Prime Kensington Location! Incredible investment opportunity in the highly sought-after Kensington neighborhood of San Diego! This renovated 3-unit property sits just off Adams Avenue, offering unparalleled walkability to top-rated restaurants, boutique shopping, and scenic parks. The front home is a spacious 4-bed, 2-bath single-family residence, move-in ready. Featuring high-end finishes such as turpentine stone, luxury vinyl flooring, and custom soft-close cabinetry, this home blends modern design with timeless charm. The back duplex consists of two 1-bed, 1-bath units, currently rented at $2,600 and $2,200 per month on month-to-month leases perfect for immediate rental income or future value-add potential. The property is zoned R3, offering the ability to convert the garage into an ADU for additional rental income. Recent upgrades include a brand-new $16,000 AC system and a $26,615.71 sewer pump replacement, ensuring peace of mind for the next owner. Don't miss out on this rare Kensington gem whether you're an investor looking for strong rental income or a homeowner seeking an income-producing property, this one checks all the boxes!Interested in this Listing?
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Income Details
| Total Annual Expense: | $ 20,000 |
| Net Operating Income: | $ 108,600 |
| Cap Rate: | 5.9% |
| Gross Rent Multiplier: | 5.90 |
Structure
| Levels: | Two |
| Complex Name: | 3 Units |
| Security Features: | None |
Land & Parking
| Zoning: | R-3:RESTRI |
Interior
| AC/Cooling: | Central Forced Air |
| Heating: | Forced Air, Natural Gas |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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