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Listed by Angela Kim, DRE #01931585 • AK Real Estate
$ 780,000
Est. payment /mo
New
4811 Castle AVE San Diego, CA 92105
6,233 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPTP2604921
Year Built 2013
Lot Size 6,233 Sqft
Property Sub-Type Duplex
Source California Regional MLS
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
Location
State CA
County San Diego
Area 92105 - East San Diego
Rooms
Kitchen Cooktop - Gas, Refrigerator
Interior
Cooling None
Laundry Gas Hookup
Exterior
Parking Features Garage, Other
Garage Spaces 3.0
Pool None
Roof Type Shingle
Building
Story One Story
Water Hot Water
Others
Tax ID 4717820700
Special Listing Condition Not Applicable
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