Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Lot size

2,414 sqft

Year built

1956

Stories

2

Heating

Natural Gas

Cooling

See Remarks

Pool

None

Status

Active

Days on market

58

MLS #

244314484

About this property

Exceptional investment opportunity in the heart of highly desirable Normal Heights. Situated on a prominent corner lot, this well-maintained four-unit property consists of (2) one-bedroom residences and (2) studio apartments, offering a diverse unit mix that appeals to a broad tenant base and supports strong rental demand. Each residence is thoughtfully designed with its own unique character, full kitchen, and washer/dryer hookups—highly desirable amenities that help attract and retain quality tenants.The upper one-bedroom residence features a spacious private balcony overlooking the neighborhood and a cozy fireplace, while the upstairs studio offers a luxurious jetted soaking tub and walk-in shower. The lower one-bedroom includes an oversized kitchen with breakfast seating and direct access to a private additional bonus room, and the downstairs studio lives larger than its square footage suggests with a separate kitchen and dedicated laundry area that can be closed off from the living space.Ideally located with excellent walkability to Ward Canyon Park, neighborhood coffee shops, grocery stores, and the popular dining destinations of both Normal Heights and Kensington, the property also enjoys convenient access to Interstate 15. Investors will appreciate the easy-maintenance, drought-tolerant landscaping, abundant street parking, and prime urban location that continues to attract strong tenant demand, making this an outstanding opportunity to own an income-producing asset in one of San Diego's most sought-after neighborhoods.

Location

41 Madison Ave

San Diego, San Diego, CA, 92116