4502 40Th StSan Diego, CA 92116

This exceptional 5,040-square-foot executive office building in San Diego's desirable Normal Heights neighborhood presents a compelling investment opportunity. The property boasts six units, currently 100% occupied, generating consistent rental income. Four units offer two bedrooms and two bathrooms, while two units feature one bedroom and one bathroom. All units have undergone recent renovations, completed as recently as 2024, featuring upgraded kitchens with new countertops, modern tiled walk-in showers, stylish vinyl plank flooring, updated light fixtures, ceiling fans, and new appliances. Large windows throughout create bright and inviting living spaces. Additional income is generated from an on-site laundry room, and the building also includes convenient owner's storage. Seven off-street parking spaces are available for tenants and guests. The building benefits from a newly installed torch-down roof (May 2024) with a 10-year warranty, and significant capital improvements have been made, including upgraded sewer lines and replacement windows. The property sits on a 0.11-acre lot and is ideally located near a pedestrian bridge to Kensington, a short walk to Adams Avenue, and a convenient distance to Downtown Kensington. A $1,000,000 loan with Chase Bank (3.76% interest, maturing February 2029) is assumable. The building's strong occupancy history and current tenant quality ensure a stable and profitable investment. The asking price is $3,100,000. The 30-year loan matures February 1, 2052.