4811 Castle Avenue, San Diego, CA 92105
Local realty services provided by:Better Homes and Gardens Real Estate Champions
Listed by: angela kim
Office: ak real estate858-663-1372
MLS#:PTP2604921
Source:CRMLS
Price summary
- Price:$780,000
- Price per sq. ft.:$515.19
About this home
Rare dual-unit income property in the heart of City Heights — priced to move in a market with virtually no two-unit inventory. Two detached units currently generating $3,850 per month and that's the opportunity. At $1,925 per unit, both units are running significantly below of $2,695, leaving nearly $1,700 per month in unrealized income sitting on the table. For the right investor, that gap is the deal. Or Live in one and rent out the Other Unit! On 2 separate SDGE gas and electric meters and 1 water meter. Features a large backyard with 2 sheds. With two long-term tenants in place, the cash flow is stable from day one. The path to market rents runs through lease turnover, strategic renovation, or both and the property supports it. A detached oversized one-car garage offers genuine ADU conversion potential, adding a possible third income stream on top of the upside already built into the existing units. City Heights puts your tenants at the center of everything just minutes from SDSU, downtown San Diego, City College, and some of the county's largest healthcare and government employers. Easy access to the 8, 15, and 805 makes the entire county commutable from a surprisingly quiet, residential pocket of the city. Two-unit properties in this submarket rarely surface. When they do at this price point and with this much room to run — serious investors move fast....
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Home facts
- Year built:2013
- Listing ID #:PTP2604921
- Added:1 day(s) ago
- Updated:June 29, 2026 at 10:29 PM
Rooms and interior
- Kitchen Description:Gas Cooking, Refrigerator
- Living area:1,514 sq. ft.
Structure and exterior
- Roof:Shingle
- Year built:2013
- Building area:1,514 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Front Yard, Value In Land
- Levels:1 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$780,000
- Price per sq. ft.:$515.19
Features and amenities
- Amenities:Water Heater
Parking
- Total parking spaces:3
- Parking description:Door-Single, Driveway, Garage
- Garage:Yes
- Garage spaces:1
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