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Turnkey Multi-Unit Investment in High-Demand University Heights / Hillcrest Adjacent Community Rarely available and fully reimagined, this turnkey 1920s multi-unit property offers the ultimate hands-off addition to your investment portfolio. Situated in one of San Diego's most desirable and high-demand rental markets, this triplex has been completely rebuilt from the ground up, blending historic charm with modern luxury. Boasting a brand-new foundation, a new roof, and premium modern upgrades throughout, this fully leased property delivers immediate, stabilized cash flow with zero deferred maintenance. Property Highlights "¢ The Location: Nestled on the border of University Heights and Hillcrest. Walkable to vibrant dining, cafes, nightlife, and boutique shopping, while offering quick access to major highways and downtown. "¢ The Infrastructure: Almost completely rebuilt. Features a brand-new foundation, new roof, individual tankless water heaters for every unit, and modern energy-efficient upgrades. "¢ The Income: Fully leased to quality tenants. Your portfolio is ready for this seamless, revenue-generating asset from day one. Investor Advantages "¢ Zero CapEx Needed: With a new foundation, roof, plumbing, and mechanical systems, enjoy years of low-maintenance ownership. "¢ Premium Tenant Amenities: In-unit laundry and individual tankless water heaters maximize tenant retention and command top-market rents. "¢ Stabilized Asset: Skip the lease-up phase. Collect rental income immediately upon close of escrow.
Property Type(s):
Residential Income
| Last Updated | 11/1/2026 | Tract | University Heights |
|---|---|---|---|
| Year Built | 1920 | Community | 92103 - Mission Hills |
| County | San Diego |
Additional Details
| AIR | Zoned |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Tankless Water Heater |
| AREA | 92103 - Mission Hills |
| HEAT | Electric, See Remarks, Zoned |
| LOT | 7018 sq ft |
| LOT DIMENSIONS | 7016 |
| STORIES | 3+ |
| SUBDIVISION | University Heights |
| VIEW | Yes |
Location
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Listed with Keller Williams SanDiego Metro
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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