For Rent
Open Houses
Sep 30, 1:00 pm - 3:00 pm
Oct 1, 1:00 pm - 3:00 pm
Virtual Tour of 4671 Terrace , 92116
Property Description
Prime Investment Opportunity in KENSINGTON! Gorgeous Fully Renovated Tri-plex - $118,000/yr NOI & 5% Cap Rate values it at $2,360,000. Discover a RARE 4BD SF in KENSINGTON, fully renovated down to the studs, PLUS TWO renovated 1BD duplex units, and a potential 4th unit with garage conversion, projecting income to $148,000 and a 6.27% Cap Rate! This elevated NOI significantly uplifts the property value. Enjoy ample parking, low maintenance, separately metered units with tenants paying utilities. Reside in the newly renovated main house while the duplex income offsets the mortgage. Don't miss this chance to secure a lucrative, income-generating asset and elevate your cash flow with the additional unit! Top Dollar Rents - Zero Vacancy in 4 Years.
General Information
Listing Attribution:
Maya Cima, Broker
Listing Agent:
Tom Brooks
CalBRE#:
01449775
Price:
$2,225,000
Status:
Active
Listing Updated:
9/30/2023
List Date:
9/17/2023
Close Date
{CloseDate}
Square Feet:
Bedrooms:
Bathrooms:
Garage Spaces:
Year Built:
1950
City:
Zip:
92116
County:
San Diego
MLS ID:
230018254SD
Buyer Agency Compensation:
2.500%
Buyer Agency Compensation Disclaimer:
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Home Features
Interior Features:
Exterior Features:
Appliances:
Gas Water Heater
Flooring:
Laundry:
Architectural Style:
Levels:
Two
Fireplace Features:
Cooling:
Central Air
Heating:
Electric, Forced Air, Natural Gas
Utilities:
Pool Type Features:
None
Spa Features:
None
Construction Materials:
Roofing:
Rolled/Hot Mop
Water Source:
Sewage:
Accessibility Features:
Community Information
MLS Area:
92116 - Normal Heights
Lot Information
Lot Size (sq feet):
6,210
Location Information
Directions:
CrossStreet: Adams Ave