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4671-73 Terrace Dr

San Diego, CA 92116
  • $2,099,999
  • STATUS: ACTIVE
  • ON SITE: 134 Days
  • ID#: 250018206
UPDATED: 37 min ago
$2,099,999
  • 6
    BEDS
  • 0.14
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,530
    SQFT
  • $830
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

Renovated 3-Unit Property in Prime Kensington Location! Incredible investment opportunity in the highly sought-after Kensington neighborhood of San Diego! This renovated 3-unit property sits just off Adams Avenue, offering unparalleled walkability to top-rated restaurants, boutique shopping, and scenic parks. The front home is a spacious 4-bed, 2-bath single-family residence, move-in ready. Featuring high-end finishes such as turpentine stone, luxury vinyl flooring, and custom soft-close cabinetry, this home blends modern design with timeless charm. The back duplex consists of two 1-bed, 1-bath units, currently rented at $2,600 and $2,200 per month on month-to-month leases—perfect for immediate rental income or future value-add potential. The property is zoned R3, offering the ability to convert the garage into an ADU for additional rental income. Recent upgrades include a brand-new $16,000 AC system and a $26,615.71 sewer pump replacement, ensuring peace of mind for the next owner. Don't miss out on this rare Kensington gem—whether you're an investor looking for strong rental income or a homeowner seeking an income-producing property, this one checks all the boxes!

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/160063273
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4671-73 Terrace Dr San Diego, CA 92116

  • Price: $2,099,999
  • Status: ACTIVE
  • On Site: 134 Days
  • Updated: 37 min ago
  • ID#: 250018206
6
Beds
4
Baths
0
½ Baths
0.14
Acres
2,530
SQFT
$830
$/SQFT
1950
Built
Neighborhood:
Kensignton
County:
San Diego
Area:
Normal Heights (92116)
Property Description
Renovated 3-Unit Property in Prime Kensington Location! Incredible investment opportunity in the highly sought-after Kensington neighborhood of San Diego! This renovated 3-unit property sits just off Adams Avenue, offering unparalleled walkability to top-rated restaurants, boutique shopping, and scenic parks. The front home is a spacious 4-bed, 2-bath single-family residence, move-in ready. Featuring high-end finishes such as turpentine stone, luxury vinyl flooring, and custom soft-close cabinetry, this home blends modern design with timeless charm. The back duplex consists of two 1-bed, 1-bath units, currently rented at $2,600 and $2,200 per month on month-to-month leases—perfect for immediate rental income or future value-add potential. The property is zoned R3, offering the ability to convert the garage into an ADU for additional rental income. Recent upgrades include a brand-new $16,000 AC system and a $26,615.71 sewer pump replacement, ensuring peace of mind for the next owner. Don't miss out on this rare Kensington gem—whether you're an investor looking for strong rental income or a homeowner seeking an income-producing property, this one checks all the boxes!
Exterior Features

Exterior Stucco Fencing Full Roof Tile/Clay Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 0 Units With Patios 1

Interior Features

Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment Forced Air Unit Heat Source Natural Gas Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 1 Units With Dishwashers 1 Units With Dryers 1 Units With Fireplaces 1 Units With Range Oven 3 Units With Refrigerators 1 Units With Washers 1

Property Features

Actual Cap Rate 5.9 Age Restrictions N/K Annual Expense Actual 20000 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community KENSINGTON Complex Park 3 Units Cross Streets Park Pl Gross Rent Multiplier Actual 5.9 Gross Scheduled Income Actual 9050 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays SewerTrashWaterElectricityGas/Propane Terms CashConventionalFHAVA Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 4750.0 Unit1 Rent Actual 4250.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Rent Actual 2200.0 Unit3 Deposit 2600 Unit3 Occupied Tenant Unit3 Rent Actual 2600.0 Zoning R-3:RESTRI

San Diego MLS logo Listing provided courtesy of Eric Meeler of Real Broker: 336-583-6235. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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