Property Description

Prime Kensington San Diego investment property generating $8,800+ per month with all three units fully occupied by reliable, on-time tenants. This turnkey multi-unit income property in 92116 features a beautifully renovated 4 bedroom, 2 bathroom single-family home in front and a 1 bedroom, 1 bathroom (each) duplex at the rear that all cash flow – ideal for investors seeking strong cash flow or buyers looking to live in one unit and offset the mortgage with rental income. Achieve an estimated 5.5% cap rate with individually metered units, tenants paying utilities, and exceptionally low owner expenses. The property offers rare off-street parking for 8+ vehicles plus a 2-car garage, private patios for each unit. Located in the heart of Kensington, one of San Diego’s most desirable neighborhoods, just steps from Adams Avenue, residents enjoy walkable access to Kensington Cafe, Bleu Bohème, Clem’s Bottle House, boutiques, wine bars, and the historic Ken Cinema. Known for its Spanish Revival architecture, tree-lined streets, and strong rental demand, Kensington properties rarely hit the market. This is a rare opportunity to own a cash-flowing triplex in Kensington San Diego with value-add potential, strong in-place income, and prime location appeal.

Features
Cooling System:
Central Forced Air, Wall/Window
Fence:
Full
Address Map
Country:
US
State:
CA
County:
SD
City:
San Diego
Community:
KENSINGTON
Zipcode:
92116
Street:
Terrace Dr
Street Number:
4671-73
Longitude:
W118° 53' 30.8''
Latitude:
N32° 45' 45.8''
Mls Area Major:
Metro Uptown
Zoning:
R-3:RESTRI
Additional Info
Office Name:
Key Realty Group Inc.
Agent Name:
Eric M Meeler
Additional Information
Building Size:
2750
Construction Materials:
Stucco
Levels:
Other/Remarks
Number Of Units Total:
3
On Market Date:
2026-02-19
Listing Information
List Agent Mls Id:
685544
List Office Mls Id:
993712
Listing Term:
Cash,Conventional,VA
Mls Status:
ACTIVE
Modification Timestamp:
2026-02-19T19:00:58Z
Originating System Name:
SDMLS
Special Listing Conditions:
N/K

Residential Income

4671-73 Terrace Dr, San Diego, CA 92116

6 Bedrooms
4 Bathrooms
$1,949,999
Listing ID #260003809
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
260003809
Price :
$1,949,999
Bedrooms :
6
Bathrooms :
4
Year Built :
1950
Status :
Active
Full Bathrooms :
4
Property Sub Type :
Res Income 2-4 Units
Roof:
Other/Remarks
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