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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$1,690,000

Est. payment - /mo

4 Beds

2 Baths

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision North Park

MLS Listing ID 260006314

Bedrooms 4

Full Baths 2

Year Built 1926

Property Sub-Type Res Income 2-4 Units

Property Description

Gorgeous 2-unit investment opportunity in the heart of Normal Heights/North Park—one of San Diego's most vibrant and sought-after neighborhoods. This beautifully remodeled (2021) home, features TWO fully detached homes, each offering 2 bedrooms and 1 full bath, blending modern upgrades with strong income potential. Each residence comes complete with all appliances included, private and exclusive yard space, and its own solar system (leased)—providing both convenience and long-term efficiency. The property is thoughtfully designed with a serene shared courtyard at its center, featuring lounge seating and a relaxing jacuzzi—perfect for tenants or guests to unwind. The back unit boasts an additional bonus: a detached 2-car garage, adding significant value and functionality. Both units are currently occupied by long-term tenants, offering immediate, stable income for investors. Previously operated as a highly lucrative Airbnb ($100k+ annually), this property also presents excellent short-term rental potential (buyer to verify local regulations). Zoned RM-2-5, this property is located within a Sustainable Development Area, Transit Priority Area, and Complete Communities zone—offering valuable incentives and significant upside potential for future development. Whether you're completing a 1031 exchange or seeking a versatile income-producing asset in a prime location, this property delivers on all fronts—location, lifestyle, and long-term growth. Don't miss this exceptional opportunity in one of San Diego's most dynamic communities.

Location

State CA

County San Diego

Area Metro Uptown

Interior

Heating Forced Air Unit, Wall/Gravity

Cooling Central Forced Air, Wall/Window

Fireplace No

Exterior

Fence Full

View Y/N No

Water Access Desc Meter on Property

Roof Type Other/Remarks

Building

Story 1

Water Meter on Property

Level or Stories 1

Others

Senior Community No

Tax ID 447-172-05-00

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Virtual Tour https://www.propertypanorama.com/instaview/snd/260006314

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Listed by RJ Bernales, DRE#01952229 Luxome Realty, Inc.

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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4365-67 Wilson Ave San Diego, CA 92104