4811 Castle Avenue, San Diego, CA 92105
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4811 Castle Avenue, San Diego, CA 92105
4811 Castle Avenue, San Diego, CA 92105
4811 Castle Avenue, San Diego, CA 92105
4811 Castle Avenue, San Diego, CA 92105
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Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 780,000
Est. payment /mo
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4811 Castle Avenue San Diego, CA 92105

5 Beds

2 Baths

6,233 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2604921

Bedrooms 5

Lot Size 6,233 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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.

Location

State CA

County San Diego

Direction university ave to Euclid or from the south via 94 frwy

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 4717820700

Acceptable Financing Cash, Conventional, VA

Listing Terms Cash, Conventional, VA

Virtual Tour https://sureshotsproductions.hd.pics/4811-Castle-Ave

MLS Router / San Diego MLS
Listed by Angela Kim, DRE#01931585 AK Real Estate 

NEARBY SCHOOLS & PROPERTIES

Don Pelletier

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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4811 Castle Avenue

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