$1,675,000

Estimated payment $10,926/month

Total Views 3,194
7 Beds
4 Baths
3,363 Sq Ft
$498 Price per Sq Ft

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!

Listing Agent

Misael Rojas

Keller Williams San Diego Metro License #02237217 Listed on: 07/10/2025

Keller Williams San Diego Metro

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

Property Details

Home Type

Multi-Family

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: 24th & 25th St.
  • Neighborhood: Sherman Heights
  • LP / Sq Ft: 17.82
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 2014
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U4: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Full
  • Roof: Composition
  • View: City

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: SAN DIEGO

Schools

  • School District URL: https://www.sandiegounified.org/
  • Elementary School: San Diego Unified School District
  • Elementary School Website: https://www.sandiegounified.org/
  • High School: San Diego Unified School District
  • Middle School Url: https://www.sandiegounified.org/
  • Middle School: San Diego Unified School District

Lot Info

  • Irrigation: Drip
  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Rear Yd Str Access
  • Topography: Slope Gentle
  • Water District: CITY OF SAN DIEGO
  • Zoning: RX-1-1
  • Assessor Parcel Number: 5354710800
  • Estimated Lot Dimensions: 50'x140'
  • Estimated Lot Sq Ft: 7105
  • Estimated Number of Acres: 0.16

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 82507
  • Annual Expense Actual: 37973
  • Annual Expense Projected: 38000
  • Gross Rent Multiplier Actual: 14.3
  • Gross Rent Multiplier Projected: 13.0
  • Gross Sched Income Actual: 120480
  • Gross Sched Income Projected: 132000
  • Number Of Buildings: 3
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 1
  • Number Of Units With Refrigerator: 4

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 For Sale $1,675,000 -- $498 / Sq Ft
Source: San Diego MLS

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Source: San Diego MLS

MLS Number: 250031055

San Diego MLS