This exceptional property presents a rare investment opportunity in one of San Diego’s most desirable neighborhoods. The property combines a beautifully remodeled Spanish-style 2-bedroom, 2-bathroom home with two fully furnished, remodeled studios. The main house is charming Spanish-style home with timeless craftsmanship and Mediterranean features. It boasts beautiful Italian hardwood floors, a remodeled kitchen with Italian tile backsplash and custom wood cabinetry, beamed ceilings, and new Pella windows. One studio is located above the garage and features a cantina door opening to an outdoor balcony, as well as a wet bar, refrigerator, and built-in Murphy bed. The bottom studio is a converted garage and has similar amenities. The property features mature landscaping, fruit trees (lemon, fig, pomegranate, passion fruit), and Spanish outdoor tile and new fencing for privacy and peaceful relaxation. Fully permitted plans are in place to add a second-floor ADU (Accessory Dwelling Unit) with a separate address, ready for immediate construction. Live in one unit, rent out the others, and maximize your income by adding the planned ADU. Just steps from Trolley Barn Park, cafes, restaurants, shopping and nightlife. Close to freeway access, 5 minute drive to Balboa Park and Downtown San Diego, this property has it all.
- Heating System:
- Combination Heating
- Cooling System:
- Other/Remarks
- Fence:
- Full, Gate
- Country:
- US
- State:
- CA
- County:
- SD
- City:
- San Diego
- Community:
- UNIVERSITY HEIGHTS
- Zipcode:
- 92116
- Street:
- Alabama
- Street Number:
- 4621
- Longitude:
- W118° 51' 27.7''
- Latitude:
- N32° 45' 41.3''
- Directions:
- Heading 8E, Texas St to Madison St, Rt on Madison, Rt on Alabama St.
- Mls Area Major:
- Metro Uptown
- Office Name:
- Proptero Holdings, Inc.
- Agent Name:
- Mathieu Pollenz
- Building Size:
- 1765
- Community Features:
- N/K
- Construction Materials:
- Stucco
- Levels:
- 2 Story
- Number Of Units Total:
- 3
- Stories Total:
- 2
- Virtual Tour:
- https://visithome.ai/Spd6zqaDJHT2vv82LmK3N5?mu=ft&m=0&t=1754952709
- Water Source:
- Meter on Property
- Co List Agent Full Name:
- Brenda Dalloul
- Co List Agent Mls Id:
- 642112
- Co List Office Mls Id:
- 69375
- Co List Office Name:
- Keller Williams La Jolla
- List Agent Mls Id:
- 703888
- List Office Mls Id:
- 992343
- Listing Term:
- Cash,Conventional,FHA,VA
- Mls Status:
- ACTIVE
- Modification Timestamp:
- 2025-09-26T23:46:07Z
- Originating System Name:
- SDMLS
- Special Listing Conditions:
- N/K
Residential Income
4621 Alabama, San Diego, CA 92116
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 250036494
- Price :
- $1,499,000
- Bedrooms :
- 2
- Bathrooms :
- 4
- Year Built :
- 1927
- Status :
- Active
- Full Bathrooms :
- 4
- Property Sub Type :
- Res Income 2-4 Units
- Roof:
- Rock/Gravel, Tile/Clay