Multi-Family $ 1,949,999

4671-73 Terrace Dr

San Diego, CA 92116

  • 6 Beds
  • 4 Baths
    Full Baths: 4
  • 6,210 Lot Size
  • 1950 Year Built
Prime Kensington San Diego investment property generating $8,800+ per month with all three units fully occupied by reliable, on-time tenants. This turnkey multi-unit income property in 92116 features a beautifully renovated 4 bedroom, 2 bathroom single-family home in front and a 1 bedroom, 1 bathroom (each) duplex at the rear that all cash flow - ideal for investors seeking strong cash flow or buyers looking to live in one unit and offset the mortgage with rental income. Achieve an estimated 5.5% cap rate with individually metered units, tenants paying utilities, and exceptionally low owner expenses. The property offers rare off-street parking for 8+ vehicles plus a 2-car garage, private patios for each unit. Located in the heart of Kensington, one of San Diego's most desirable neighborhoods, just steps from Adams Avenue, residents enjoy walkable access to Kensington Cafe, Bleu Bohème, Clem's Bottle House, boutiques, wine bars, and the historic Ken Cinema. Known for its Spanish Revival architecture, tree-lined streets, and strong rental demand, Kensington properties rarely hit the market. This is a rare opportunity to own a cash-flowing triplex in Kensington San Diego with value-add potential, strong in-place income, and prime location appeal.
Listed by Eric M Meeler of Key Realty Group Inc.

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Res Income 2-4 Units

    Listing Status Active

    Purchase Type For Sale

    Subdivision Kensington

    MLS Listing ID 260003809

    Bedrooms 6

    Full Baths 4

    Year Built 1950

    Lot Size 6,210 Sqft

    Property Sub-Type Res Income 2-4 Units

  • Location

    State CA

    County San Diego

    Area Metro Uptown

    Zoning R-3:RESTRI

  • Interior

    Cooling Central Forced Air, Wall/Window

    Fireplace No

  • Exterior

    Fence Full

    View Y/N No

    Roof Type Other/Remarks

  • Others

    Senior Community No

    Tax ID 440-653-31-00

    Acceptable Financing Cash, Conventional, VA

    Listing Terms Cash, Conventional, VA

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CONTACT

Eric Meeler
Eric Meeler

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