$1,789,000

4755 Terrace Dr Unit 57 San Diego, CA 92116

Kensington Neighborhood

Estimated payment $11,283/month

Total Views 74
3 Beds
3 Baths
1,595 Sq Ft
$1,122 Price per Sq Ft

Highlights

  • Tankless Water Heater
  • Property is Fully Fenced
  • Gravity Heating System
  • Lewis Middle School Rated A-
  • Level Lot
  • 4-minute walk to Kensington Mini Park

About This Home

Kensington! The Cottages! Three bread and butter units in three separate buildings. Close to the Kensington Village. Front house is a 2br 1 ba in original condition and well kept. In unit laundry and comes with a one car garage.Below market rent (long term month to month tenant). Middle building a fully remodeled studio with a new kitchen and bath, mini split for heat and A/C and in unit laundry. Third building is a one bedroom one bath with a new kitchen, new flooring, full sized washer and dryer and a one car garage below. Heat pump in attic for heat and A/C. Alley access to the garages. Mid century structures in great condition!

Listing Agent

Michael Tristani

Tristani Real Estate License #01406640

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • Property is Fully Fenced
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Heating System Uses Natural Gas
  • Heat Pump System
  • Gravity Heating System
  • Separate Water Meter
  • Tankless Water Heater
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 440-542-22-00

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • The Cottages Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $52,368

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Alder
  • Neighborhood: Kensington
  • Stories: 1 Story
  • Total Stories: 1
  • Year Built: 1948
  • Allow Comments Review: No
  • 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: Composition

Utilities

  • Cooling: Heat Pump(s)
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas, Tankless
  • Heat Equipment: Forced Air Unit, Wall/Gravity

Condo/Co-op/Association

  • Complex Name: The Cottages
  • Pets Allowed: Yes
  • Community: KENSINGTON
  • Manager Name: on file
  • Manager Phone: on file

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Assessor Parcel Number: 440-542-22-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 52368
  • Annual Expense Actual: 19272
  • Gross Rent Multiplier Actual: 25.0
  • Gross Rent Multiplier Projected: 20.0
  • Gross Sched Income Actual: 71640
  • Gross Sched Income Projected: 88740
  • Number Of Buildings: 3
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 3
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

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
05/08/2025 05/08/25 For Sale $1,789,000 -- $1,122 / Sq Ft
Source: San Diego MLS

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See All Homes in San Diego

Source: San Diego MLS

MLS Number: 250026924

San Diego MLS

APN: 440-542-22-00

California San Diego County San Diego 92116 Kensington

4755 Terrace Dr Unit 57, San Diego, CA

Homes for Sale in San Diego, CA

This home is located at 4755 Terrace Dr Unit 57, San Diego, CA 92116 and is currently priced at $1,789,000, approximately $1,121 per square foot. This property was built in 1948. 4755 Terrace Dr Unit 57 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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Michael Tristani
Listing Agent
Michael Tristani
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Tristani Real Estate
(619) 501-4000