705 11 W Pennsylvania Ave, San Diego, CA 92103
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
Listed by: robert vallera
Office: vallera investment properties858-458-3337
MLS#:260023522SD
Source:CRMLS
Price summary
- Price:$1,997,000
About this home
Download the attached 15 page OM for additional information about this property! This attractive fourplex consisting of ample-sized two-bedroom units. The attractive property benefits from well executed building updates while still retaining desirable Mid-Century elements. The location at the southwest corner of Eagle Street and West Pennsylvania Avenue is tucked within an enclave primarily consisting of single-family homes. This quiet location is well north of the Lindbergh Field flight past and just south of the Mission Hills neighborhood retail district. The long-time owners have installed an updated main electrical panel, mini-split air conditioning units, dual-pane windows and recently completed full exterior painting. The classic kitchens include original Mid-Century two-tone tile counters. Other Mid-Century features include hardwood floors. This is a rare opportunity for an investor to acquire a building in a high caliber Mission Hills location. See Supplement regarding investment upside INVESTMENT UPSIDE: The long-time owner has operated the property with a primary emphasis on minimizing resident turnover. This presents an opportunity for a new owner to enhance rental revenues over time with or without additional capital improvements. The rental upside is approximately 22%. This includes renting the two-car garage that has been used by the owners for storage. Because the current owners have completed capital replacement work over time, a buyer need not feel pressure to undertake major property renovations. These will be optional based on the buyer’s requirements and investment plans. A buyer who is so inclined can upgrade unit interiors as units turn-over. Updating the kitchens and baths will significantly re-position the units up-market. This can be accomplished in an appropriate period style to avoid detracting from the Mid-Century ambiance. Installing in-unit laundry equipment might prove to be an economically viable option. While the ample-size floor plans are very livable as-is, a more adventurous investor might elect to enhance the perceived size of the units by partially opening the partition wall between the kitchens and living area....
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Home facts
- Year built:1949
- Subdivision & Development:Mission Hills
- Listing ID #:260023522SD
- Added:8 day(s) ago
- Updated:October 04, 2026 at 10:38 AM
Heating and cooling
- Cooling:Heat pump
- Heating:Combination, Electric
Structure and exterior
- Roof:Composition
- Year built:1949
- Lot area:0.12 Acres
- Levels:2 Story
Finances and disclosures
- Price:$1,997,000
Features and amenities
- Amenities:Gas Water Heater
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