Property summary
This exceptional investment opportunity presents a brand-new, 2024-constructed, two-building triplex located in San Diego's desirable City Heights neighborhood. The property comprises three separately metered one-bedroom, one-bathroom units, each boasting in-unit laundry, HVAC systems, and private patios. The units are individually addressed as 4309, 4311, and 4313 Dwight Street, offering convenient management and potential for individual leasing. A converted garage provides a detached accessory dwelling unit (ADU) with its own address, adding to the property's rental income potential. All utilities are separately metered for efficient management. Two units are currently rented at $1,900 per month, providing immediate cash flow and an attractive opportunity for an owner-occupant. Situated in a Tier 3 Complete Communities area with a 6.5 FAR, this property benefits from a density bonus incentive program, enhancing its long-term value and offering significant future development potential. The 1,626 square foot property sits on a 3,551 square foot lot (APN: 476-022-01-00) and is zoned CUPD-CU-3-6. City Heights offers a vibrant blend of residential and commercial amenities, including convenient access to public transportation, parks, and local businesses, making this an ideal investment for both seasoned investors and those seeking a high-return property in a thriving urban setting. The asking price is $1,375,000.
Property profile
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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