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9 S Hensley St

San Diego, CA 92113
  • $1,200,000
  • STATUS: ACTIVE
  • ON SITE: 14 Days
  • ID#: 250000843
UPDATED: 50 min ago
$1,200,000
  • 8
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

Prime Investment Opportunity in Logan Heights - High Cash Flow Potential from Day One! This fully leased 3-unit property is located in the highly sought-after rental market of Logan Heights, one of San Diego’s hottest neighborhoods. Just minutes from East Village, Balboa Park, and Downtown San Diego, this location is ideal for renters seeking convenience and vibrant city living. Each of the three units boasts private yards, offering tenants outdoor space. With parking for up to 8 vehicles, this property stands out in terms of tenant appeal and convenience. Stable tenant base with long-term tenants provide consistent income with the potential for rent increases to align with current market rates. Turnkey operation: The property generates cash flow from day one, making it perfect for investors looking for immediate returns. Upgrades and Maintenance: All water heaters were replaced within the last 3 years, ensuring efficiency and reliability for tenants. The roof was also replaced within the last 3 years, reducing maintenance concerns and providing long-term durability. This is a rare chance to acquire a fully leased, low-maintenance property in an area primed for continued appreciation. Ideal for both first-time investors and seasoned professionals looking to expand their portfolio in San Diego’s booming rental market.

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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/159345302
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9 S Hensley St San Diego, CA 92113

  • Price: $1,200,000
  • Status: ACTIVE
  • On Site: 14 Days
  • Updated: 50 min ago
  • ID#: 250000843
8
Beds
3
Baths
0
½ Baths
N/A
Acres
1950
Built
Neighborhood:
Logan Heights
County:
San Diego
Area:
Logan Heights (92113)
Property Description
Prime Investment Opportunity in Logan Heights - High Cash Flow Potential from Day One! This fully leased 3-unit property is located in the highly sought-after rental market of Logan Heights, one of San Diego’s hottest neighborhoods. Just minutes from East Village, Balboa Park, and Downtown San Diego, this location is ideal for renters seeking convenience and vibrant city living. Each of the three units boasts private yards, offering tenants outdoor space. With parking for up to 8 vehicles, this property stands out in terms of tenant appeal and convenience. Stable tenant base with long-term tenants provide consistent income with the potential for rent increases to align with current market rates. Turnkey operation: The property generates cash flow from day one, making it perfect for investors looking for immediate returns. Upgrades and Maintenance: All water heaters were replaced within the last 3 years, ensuring efficiency and reliability for tenants. The roof was also replaced within the last 3 years, reducing maintenance concerns and providing long-term durability. This is a rare chance to acquire a fully leased, low-maintenance property in an area primed for continued appreciation. Ideal for both first-time investors and seasoned professionals looking to expand their portfolio in San Diego’s booming rental market.
Exterior Features

Exterior Vinyl Fencing N/K Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 3

Interior Features

Cooling N/K 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 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 3 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 0

Property Features

Actual Cap Rate 5.8 Age Restrictions N/K Annual Expense Actual 7900 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community SAN DIEGO Complex Park none Cross Streets Commerical St Gross Rent Multiplier Actual 15.5 Gross Scheduled Income Actual 77460 Gross Scheduled Income Project 96000 Mandatory Remarks None Known Market Area Metro Central Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions Call Agent Security N/K Short Sale No Tenant Pays Cable TVElectricityGas/Propane Terms CashConventional Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 3000.0 Unit1 Rent Actual 2430.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 3000.0 Unit2 Rent Actual 2175.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 2000 Unit3 Rent Actual 1850.0

San Diego MLS logo Listing provided courtesy of Anand Sawh of eXp Realty of Southern California, Inc.: 619-244-1422. 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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