
2451-53 Island Ave San Diego, CA 92102
Sherman Heights NeighborhoodEstimated payment $10,926/month
Highlights
- City View
- Gentle Sloping Lot
- Gravity Heating System
- Property is Fully Fenced
- Wood Siding
- 2-minute walk to Sherman Park
About This Home
Located just east of downtown San Diego, in the charming historic district of Sherman Heights, this 4-unit rental property boasts a two-story duplex main house, accompanied by two fully detached bungalow units in the backyard—each with private patios. Additionally, all units are fully tenant-occupied for immediate cash flow! Live in one unit, rent out the others, or rent them all -- it's completely up to you! Recent upgrades to the roof, electrical panel, and other cosmetic details add value, while zoning (RX-1-1) allows for additional development potential. The property also includes two open-air parking spaces with alley access. This rental property with a strong income portfolio and proximity to Petco Park, San Diego City College, Balboa Park, and other downtown areas is a prime investment opportunity that you do not want to miss!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2014
Lot Details
- 7,105 Sq Ft Lot
- Property is Fully Fenced
- Gentle Sloping Lot
Parking
- Alley Access
Home Design
- Composition Roof
- Wood Siding
Interior Spaces
- 2-Story Property
- City Views
Eco-Friendly Details
- Drip Irrigation
Schools
- San Diego Unified School District Elementary And Middle School
- San Diego Unified School District High School
Utilities
- Heating System Uses Natural Gas
- Gravity Heating System
- Separate Water Meter
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 5354710800
Community Details
Overview
- 3 Buildings
- 4 Units
Building Details
- Net Operating Income $82,507
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/10/2025 07/10/25 | For Sale | $1,675,000 | -- | $498 / Sq Ft |
Similar Homes in San Diego, CA
Source: San Diego MLS
MLS Number: 250031055

- 2021 Market St
- 2657 K St
- 2551 Commercial St
- 816 27th St Unit 816 27th Street apt 1
- 2650 Broadway Unit 216
- 2048 Ocean View Blvd
- 227 16th St Unit 225
- 1015-1095 19th St
- 1501 Island Ave
- 840 17th St
- 550 15th St Unit 401
- 845 16th St Unit 837-201.1408770
- 845 16th St Unit 837-104.1408768
- 845 16th St Unit 841-104.1408765
- 845 16th St Unit 837-305.1408771
- 1150 21st St Unit 14
- 550 15th St Unit 809
- 550 15th St Unit 102
- 2827 Imperial Ave
- 424 15th St