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Triplex with Off-Street Parking
For Sale
$1,949,999

4671 73 Terrace Dr, San Diego, CA 92116

Turnkey triplex with three fully occupied units, private patios, and ample off-street parking near Adams Avenue.

Property SizeContact for details
Days on Market89

Property Features for 4671 73 Terrace Dr

General Information

Standard status Active
Property subtype Investment
Occupancy 100%

Financials

Cap Rate 5.5%
Business Included Yes

Additional Details

Multifamily Units 3

Building Details

Year Built 1950
Units 3
Tenancy Multi
Listing Agency:
Listed By: Eric Meeler
Source: Elliman
Added: Jun 3 Changed: Aug 13 Last Checked: Aug 29 at 1:19PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eric Meeler

Investment Insights

Based on property information with market context.

This triplex includes a renovated single-family home in front plus two separate rear duplex units. The front unit is described as a 4-bedroom, 2-bath home, and each rear duplex unit is described as a 1-bedroom, 1-bath layout. The property provides private patios for each unit and includes a 2-car garage alongside off-street parking for 8+ vehicles.

Per the listing, all three units are fully occupied by on-time tenants, and the property is set up with individually metered units where tenants pay utilities. It is located in Kensington (San Diego, CA 92116) and is described as being just steps from Adams Avenue, with walkable access to local restaurants, boutiques, and the Ken Cinema.

For tenants, this configuration offers separate unit living within one property, with outdoor patio space for each unit. For buyers or investors, the turnkey nature of three occupied units and utility setup may support straightforward management, while the parking and garage offer practical day-to-day value in a multi-unit setting.

Key Highlights

  • Turnkey Kensington triplex with 3 fully occupied units generating $8,800+ per month
  • Front single‑family home: 4 bed, 2 bath; rear duplexes: two 1 bed, 1 bath units
  • Off‑street parking for 8+ vehicles plus a 2‑car garage

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage HVAC Service Building Supply Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,297
Businesses Nearby

Demographics for 92116, CA

31,523
Population
17,827
Households
1.8
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
9,271
Density / Sq Mi
$95,775
Median Household Income
$63,420
Median Earnings
$1,903
Median Rent
$898,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Turnkey triplex with three fully occupied units, private patios, and ample off-street parking near Adams Avenue.
Where is this triplex located?
The property is located at 4671 73 Terrace Dr San Diego, CA.
What is the asking price?
The asking price for this property is $1,949,999.
What are key features of this property?
This property features: Turnkey Kensington triplex with 3 fully occupied units generating $8,800+ per month; Front single‑family home: 4 bed, 2 bath; rear duplexes: two 1 bed, 1 bath units; Off‑street parking for 8+ vehicles plus a 2‑car garage
More about this property
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