4811 Castle Avenue, San Diego, CA 92105
List Price: $780K
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 2013
Lot Size: 6,233 sq ft
Garage Spaces: 1
Private Pool: Yes
MLS Number: PTP2604921
About This Property
Rare dual-unit income property in the heart of City Heights — priced to move in a market with virtually no two-unit inventory. Two detached units currently generating $3,850 per month and that's the opportunity. At $1,925 per unit, both units are running significantly below of $2,695, leaving nearly $1,700 per month in unrealized income sitting on the table. For the right investor, that gap is the deal. Or Live in one and rent out the Other Unit! On 2 separate SDGE gas and electric meters and 1 water meter. Features a large backyard with 2 sheds. With two long-term tenants in place, the cash flow is stable from day one. The path to market rents runs through lease turnover, strategic renovation, or both and the property supports it. A detached oversized one-car garage offers genuine ADU conversion potential, adding a possible third income stream on top of the upside already built into the existing units. City Heights puts your tenants at the center of everything just minutes from SDSU, downtown San Diego, City College, and some of the county's largest healthcare and government employers. Easy access to the 8, 15, and 805 makes the entire county commutable from a surprisingly quiet, residential pocket of the city. Two-unit properties in this submarket rarely surface. When they do at this price point and with this much room to run — serious investors move fast.
Listing provided by: Angela Kim DRE #01931585 858-663-1372 angiemodern@icloud.com, AK Real Estate
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