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Millman Team Real Estate

$1,949,999
0.14 Acre Lot

, San Diego, California 92116

  • Residential Income Property Type
  • 1950 Year Built
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.

Basic Details
Residential Income
For Sale
260003809SD
$1,949,999
1950
0.14 Acre
Active
Features
: Central Air, Wall/Window Unit(s)
$0
Address Map
CA
San Diego
San Diego
Kensington
92116
Terrace Dr
4671 73
W118° 52' 35.3''
N32° 45' 47.3''
CrossStreet: Adams Ave
92116 - Normal Heights
R-3:RESTRI
Additional Information
$0
$0
$0
$0
$0
: Multi/Split
3
2026-02-17
N/K
Broker/Agent Information
Key Realty Group Inc.
Eric Meeler
Listing Information
SAND-685544
SAND-993712
Cash, Conventional, VA Loan
Active
2026-06-12T17:30:10Z
CRMLS
2026-02-18T16:00:00Z
Agent info
Ray Millman
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