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About the Listing 88337 - 813729
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 Highlights
Status
Active
Days on Site
6
Property Type
Multi-Family
MLS ®
PTP2604921
Year Built
2013
Total Square Footage
1,514
Lot/Acreage
0.14
County
San Diego
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances: Gas Cooking, Refrigerator, Water Heater
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Front Yard,Value In Land,No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 3
- Zoning: Rs1-7
- Roof: Shingle
- Others: 2+ Total Units,Has ADU
- Sewer: Public Sewer
- Parking Features: Door-Single,Driveway,Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4717820700
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
4811 Castle Ave San Diego, CA 92105
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