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Incredible investment opportunity with strong cash flow in this fully rented four-unit property generating $10,000 per month in gross rental income. Each unit has been tastefully renovated inside, offering updated interiors that appeal to quality tenants—who are all current on rent. The property also includes two garage structures that are not currently utilized by tenants, presenting a clear opportunity to increase income by renting out the garages or converting them into two additional units through ADU development. This property offers a 6.86% cap rate and an 11.67 GRM, providing solid day-one returns with upside potential through additional value-add strategies.
Property Type(s):
Residential Income
| Last Updated | 5/28/2025 | Tract | San Diego |
|---|---|---|---|
| Year Built | 1964 | Community | East San Diego |
| County | San Diego |
Additional Details
| AIR | See Remarks, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | East San Diego |
| HOA DUES | 0 |
| LOT | 0.29 acre(s) |
| LOT DIMENSIONS | 12558 |
| STORIES | 2 |
| SUBDIVISION | San Diego |
| ZONING | RM-2-5 |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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