Property Detail

Description

Fourplex situated on an approximately 6,248-square-foot lot, 4225–4231 Central Avenue is a stabilized, cottage-style multifamily property in central San Diego. 3/2 house, 1/1 cottage, 1/1 cottage, 0/1 cottage. (House is currently rented out as a 2/1 & 1/1). The property generates $9,294 in current monthly gross income and provides five off-street parking spaces. (3 individual spots in the rear off the alley, and 1 tandem in the driveway) All but one of the cottage units have been fully or partially improved, with updated kitchens, flooring, appliances, bathrooms, exterior paint, fencing and landscaping. Additional upside exists through potential rent growth and future renovation. Conveniently located near Kensington, Teralta Park, neighborhood restaurants, Downtown San Diego, I-805 and SR-15. Listing agent & broker hold an ownership interest in the property. Property is offered in its present as-is condition. Buyer to independently verify permits, unit configuration, square footage, zoning, income, expenses, condition and development potential.