31
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$780,000
Est. payment /mo
5 Beds
2 Baths
6,233 Sqft Lot
New
4811 Castle Avenue San Diego, CA 92105
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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
Listed by Angela Kim, DRE#01931585 AK Real Estate
NEARBY SCHOOL & BUSINESS
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