$2,099,999

4671-73 Terrace Dr San Diego, CA 92116

Kensington Neighborhood

Estimated payment $13,289/month

Total Views 14,426
6 Beds
4 Baths
2,530 Sq Ft
$830 Price per Sq Ft

Highlights

  • Property is Fully Fenced
  • Lewis Middle School Rated A-
  • 3-minute walk to Kensington Mini Park

About This Home

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!

Listing Agent

Eric Meeler

Millennium Homes License #02086276 Listed on: 02/05/2025

Millennium Homes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,210 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Clay Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 440-653-31-00

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • 3 Units Community

Building Details

  • Net Operating Income $108,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Park Pl
  • Neighborhood: Kensignton
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 1950
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Tile/Clay

Utilities

  • Cooling: Central Forced Air
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: 3 Units
  • Community: KENSINGTON

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: R-3:RESTRI
  • Assessor Parcel Number: 440-653-31-00
  • Estimated Lot Sq Ft: 6210
  • Estimated Number of Acres: 0.14
  • Map Code Column: G
  • Map Code Page: 1269
  • Map Code Row: 3

Rental Info

  • Tenant Pays: Sewer, Trash, Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 108600
  • Annual Expense Actual: 20000
  • Gross Rent Multiplier Actual: 5.9
  • Gross Sched Income Actual: 9050
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 1
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 1
  • Number Of Units With Washers: 1

Map

Range of Values:

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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
02/05/2025 02/05/25 For Sale $2,099,999 -- $830 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250018206

San Diego MLS
California San Diego County San Diego 92116 Kensington

4671-73 Terrace Dr, San Diego, CA

This home is located at 4671-73 Terrace Dr, San Diego, CA 92116 and is currently priced at $2,099,999, approximately $830 per square foot. This property was built in 1950. 4671-73 Terrace Dr is a home located in San Diego County with nearby schools including Franklin Elementary School, Wilson Middle School, and Lewis Middle School.

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Nearby Homes
Listing Agent
Eric Meeler
Section Image
Millennium Homes
(336) 583-6235