Rare 4-unit investment opportunity across from Teralta Park offering strong in-place income and long-term upside. Corner lot property featuring two original studio units and two newly constructed ADUs (4208) completed in 2024 with final sign-off—both currently leased. Unit mix includes two studios and two 1-bedroom units (approx. 320–448 sq… Read More ft), providing a diversified rental profile. Total current gross income of $6,775/month, including $625/month from a Clear Channel billboard lease. Property includes 4 separate meters for clean utility separation and operational efficiency. One unit has been recently updated, with additional value-add potential in the remaining original units. Commercial zoning offers potential future redevelopment opportunities (buyer to verify with City). Centrally located in a high-demand rental area with convenient access to freeways, public transit, and local amenities. Ideal for investors seeking a blend of stabilized income, new construction, and upside potential. Do not disturb tenants. Read Less
Courtesy of Atkin Homes Corp., , Nick Atkin.
Listing Snapshot
Days Online
14
Last Updated
Property Type
Res Income 2-4 Units
Beds
2
Full Baths
4
Lot Size
0.06 Acres
Year Built
1936
MLS Number
260011513
Additional Details
Building
Built in 1936, Building area total: 1514, 3 number of buildings, 1 story total, Living area: 0, Living area units: Sqft, Building area units: Sqft, Building name: Teralta, 4 total units, "Stucco", "Wood", "1 Story"
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.
Based on information from the San Diego MLS /Association of REALTORS®
as of . All data, including all measurements and calculations of area, is
obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties
may or may not be listed by the office/agent presenting the information.
Source: San Diego MLS
Confirm your time
Fill in your details and we will contact you to confirm a time.