4811 Castle Avenue,San Diego, CA 92105
San Diego, CA 92105
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.
Details
| MLS # | PTP2604921 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 2013 |
| Days On Site | 55 |
| Listing Provided By | AK Real Estate | Angela Kim |
Features
| SQ Feet | 1,514 |
|---|---|
| Garage | 1 |
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 2 |
| Zoning | Rs1-7 |
| Acreage | 0.14 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | No |
| Cooling Yes / No | No |
| Window Features | Double Pane Windows |
| Appliances | Gas Cooking, Refrigerator, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Lot Features | Front Yard, Value In Land |
| Fencing | Chain Link |
Parking
| Parking Features | Door Single, Driveway, Garage |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Electricity Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Street Lights, Suburban |
|---|
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92105 |
| Area | 92105 East San Diego |
| Listing VS Median (in 92105) | |
Price: $780,000 low | high Med: $692,500 sqft: 1,514 low | high Med: 1,048 $ / sqft: $515 low | high Med: $678 On site: 55 low | high Med: 23 | |
Market Activity 92105
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92105 |
| Area | 92105 East San Diego |
| Listing VS Median (in 92105) | |
Price: $780,000 low | high Med: $692,500 sqft: 1,514 low | high Med: 1,048 $ / sqft: $515 low | high Med: $678 On site: 55 low | high Med: 23 | |
