Well-maintained 4-unit property in San Diego's desirable Morena neighborhood. The property is occupied by long-term tenants in month to month contracts and provides stable in-place income from day one. Value add opportunity in renovating the units. The building has a good roof, one assigned on-site parking space for each unit, and a layout that is easy to manage. Parking is a valuable amenity in this area and helps support tenant retention or could be an ADU opportunity. Located just minutes from the University of San Diego, Mission Bay, Old Town, Fashion Valley, SeaWorld, and major employment centers, the property benefits from strong and consistent rental demand. Easy access to I-5, I-8, nearby trolley stations, and San Diego International Airport makes the location convenient for a wide range of tenants. This is an opportunity to acquire a stabilized asset in a central San Diego location with immediate cash flow and long-term upside through continued improvements and rent growth.
| MLS # | 260014837SD |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 143 |
| Listing Provided By | Christen Jensen, Broker | Chris Jensen |
| Story(s) | 2 |
|---|---|
| Units | 4 |
| Building(s) | 1 |
| Zoning | R-4:MULTIP |
| Acreage | 0.10 |
| Property View | Yes |
| Cooling | None |
|---|---|
| Heating | Natural Gas |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Gas Water Heater |
| Roof | Composition |
|---|---|
| Fencing | Partial |
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92110 |
| Area | 92110 Old Town Sd |
| Community Name | San Diego |
| Listing VS Median (in San Diego) | |
Price: $1,545,000 low | high Med: $695,000 On site: 143 low | high Med: 2 | |
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92110 |
| Area | 92110 Old Town Sd |
| Community Name | San Diego |
| Listing VS Median (in San Diego) | |
Price: $1,545,000 low | high Med: $695,000 On site: 143 low | high Med: 2 | |
![]() | $1,250,0005635 Mildred StreetSan Diego, CA 92110 |