4811 Castle AVE, San Diego, CA 92105
4811 Castle AVE, San Diego, CA 92105
4811 Castle AVE, San Diego, CA 92105
35
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$780,000
Est. payment /mo
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6,233 Sqft Lot
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4811 Castle AVE San Diego, CA 92105

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Andre Hobbs

Andre Hobbs

+1(619) 892-1008

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2604921

HOA Y/N No

Year Built 2013

Lot Size 6,233 Sqft

Lot Dimensions Public Records

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 at this price point and with this much room to run — serious investors move fast.

Location

State CA

County San Diego

Area 92105 - East San Diego

Zoning Rs1-7

Interior

Cooling None

Fireplace No

Appliance Gas Cooking, Refrigerator, Water Heater

Laundry Gas Dryer Hookup

Exterior

Parking Features Door-Single, Driveway, Garage

Garage Spaces 1.0

Garage Description 1.0

Fence Chain Link

Pool None

Community Features Street Lights, Suburban

Utilities Available Electricity Connected

View Y/N No

Roof Type Shingle

Total Parking Spaces 3

Private Pool No

Building

Lot Description Front Yard, Value In Land

Story 1

Entry Level One

Sewer Public Sewer

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4717820700

Acceptable Financing Cash, Conventional, Fannie Mae, VA Loan

Listing Terms Cash, Conventional, Fannie Mae, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2604921

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Listed by Angela Kim AK Real Estate angiemodern@icloud.com, DRE #01931585

NEARBY SCHOOL & BUSINESS

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Andre Hobbs

Andre Hobbs

San Diego Broker | The Hobbs Valor Group | License ID: 01485241

+1(619) 892-1008

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4811 Castle AVE