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Well-maintained and stabilized 4 Unit property located in the highly desirable Morena neighborhood of San Diego. The building is currently occupied by solid, long-term tenants and provides reliable in-place income from day one. The units have been partially renovated and present a clear value-add opportunity through selective renovations, including kitchens, bathrooms, finishes, windows, and other cosmetic upgrades to further increase rents and overall return. The roof is in good condition. Each unit is assigned one on-site parking space in an area where parking is a premium. The location is a major strength"”centrally positioned with easy access to University of San Diego, Tecolote Canyon, multiple Golf Courses, Mission Bay, Pacific Beach, SeaWorld, and Fashion Valley Mall, along with nearby freeway access to I-5 and I-8. This proximity to employment centers, recreation, shopping, and transit drives consistent rental demand. An excellent opportunity for investors seeking stable cash flow today with upside potential tomorrow in one of San Diego's most supply-constrained rental markets.
Property Type(s):
Residential Income
| Last Updated | 3/6/2026 | Tract | San Diego |
|---|---|---|---|
| Year Built | 1960 | Community | 92110 - Old Town Sd |
| County | San Diego |
Price History
| Prior to Jan 9, '26 | $1,895,000 |
|---|---|
| Jan 9, '26 - Jan 23, '26 | $1,845,000 |
| Jan 23, '26 - Feb 16, '26 | $1,795,000 |
| Feb 16, '26 - Feb 20, '26 | $1,745,000 |
| Feb 20, '26 - Mar 6, '26 | $1,695,000 |
| Mar 6, '26 - Today | $1,645,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Water Heater |
| AREA | 92110 - Old Town Sd |
| HEAT | Natural Gas |
| LOT | 4156 sq ft |
| LOT DIMENSIONS | 4154 |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| SUBDIVISION | San Diego |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
Location
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Listed with Christen Jensen, Broker
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.
This IDX solution is (c) Diverse Solutions 2026.
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