4146-4150 Monroe Ave - Apartments FOR SALE


San Diego, CA 92116- Kensington
$2,395,000 USD
619-309-9559
4146-4150 Monroe Ave, San Diego, CA for Sale
$2,395,000 USD
Apartments - FOR SALE
1/22
null | 4.6% Cap Rate

4146-4150 Monroe Ave
San Diego, CA 92116
Kensington


HIGHLIGHTS

  • Craftsman Home + Plus 3 Residential Units, One Story Main House 3 Bedroom/2 Bath, Private Deck/Yard, great condition! Built 1912- Renovated-
  • Investment Opportunity - Perfect to call home and have additional income-Kensington - 3 units built in 1951
  • One of San Diegos most vibrant communities! --Good Condition, 100% Occupied, Off Street Parking, Strong rental demand in prime location.

OVERVIEW

Kensington Park: Craftsman 4-Plex – A Premier Investment & Lifestyle Opportunity Discover an exceptional, Craftsman 4-plex located in Kensington Park. This isn't just a property; it's upgraded, income-generating asset strategically positioned in one of the area's most vibrant and sought-after neighborhoods, strong rental demand and consistent returns for investors, or a unique opportunity for owner-occupants to significantly offset living expenses. Why This Opportunity Stands Out This property's prime location is a key differentiator. Situated in the heart of Kensington Park, it's just blocks from the thriving Adams Avenue and Kensington business districts. Tenants (and owner-occupants!) benefit from immediate access to a dynamic community with popular cafes, independent shops, and entertainment. This prime area drives sustained high demand and allows for premium rental rates, maximizing your cash flow. The 4-plex offers a unit mix, perfect for both investors and owner-occupants. It features a spacious 3-bedroom, 2-bathroom one story- front residence boasting highly desirable features like a private deck/yard, in-unit washer/dryer, and mini-split AC/heat in every room. This unit is a major draw for high-quality tenants or the ideal primary residence for an owner-occupant. Additionally, there's one 2-bedroom, 2-bathroom apartment also equipped with modern mini-split AC/heat, and two 1-bedroom, 1-bathroom units with practical amenities. This diversified income stream ensures broad market appeal and excellent rental income to significantly offset your mortgage. This property has undergone many upgrades over the years. Investors can enjoy immediate income, while owner-occupants can move in with peace of mind. Key updates include dual-pane windows throughout for energy efficiency and noise reduction, leading to lower utility costs and increased comfort. You'll also find stylish wood flooring and tile, offering durability and ease of maintenance. A crucial advantage in this urban setting is the off-street parking with two spaces for the front house and one for each additional unit, which significantly enhances tenant satisfaction and retention, and offers great convenience for the owner. For laundry, there's a private laundry in the front house and a well-maintained common laundry room for the other units. The combination of an unbeatable location, diversified unit types, and modern amenities ensures strong rental demand and consistent occupancy. This property is poised to deliver robust cash flow and significant long-term appreciation in a rapidly growing and desirable community. The blend of original charm (Year Built 1912/1951) with modern system updates indicates a solid, well-maintained structure ready for immediate returns. This exceptional 4-plex in Kensington Park represents a rare opportunity for both astute investors seeking a secure, high-performing asset with immediate income potential, and owner-occupants looking to offset living expenses while enjoying a vibrant, connected lifestyle.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$662 USD /SF

# OF UNITS

4

PRICE/UNIT

$598,750

CAP RATE

4.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,865 SF

ZONING

OZM RS-1-7

APN/PARCEL ID

454-714-12

ASK ABOUT THIS PROPERTY

Judy PrestonJP Equity Real Estate Corp.More Info
619-309-9559

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Judy PrestonJP Equity Real Estate Corp.More Info
619-309-9559

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.