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$1,570,000
4 Beds 3 Baths NDP2602771 MLS ACTIVE Status
Set on a 5,249 SF lot in one of San Diego's most sought-after urban neighborhoods, this well-maintained, fully leased, independently metered triplex delivers compelling income from day one. The front home and all units are clean and charming. Floor plans used in lieu of photography to respect tenant privacy. Multi-family inventory in University Heights is critically constrained and properties like this rarely come to market. New roof in 2024. Newer water heater. Main House 1,334 SF | 3BD/2BA | Bonus office/flex space, enclosed sunroom, in-unit laundry, full kitchen, large porch, and unique finishes throughout. Unit A 529 SF | 1BD/1BA | Full kitchen, quality appliances, laminate flooring, light and bright Unit B 546 SF | 1BD/1BA | Full kitchen, quality appliances, laminate flooring, charming and well cared for Pro forma rents have potential reach $9,400/month, $112,800 annually representing $2,210/month in projected upside as leases roll to market. Estimated pro forma cap rate: 4.36%. On-site laundry, 615 SF storage, 4 parking spaces, 3 are covered carport spaces with storage and alley access. University Heights delivers walkable Park Boulevard living independent restaurants, craft breweries, coffee shops, and live music steps away. Old Trolley Barn Park nearby. Kensington, Normal Heights, Hillcrest, and North Park all within easy reach. Balboa Park moments away. Downtown 1525 min via CA-163/I-8. SAN Airport is under 5 miles away. Strong rental demand supported by proximity to SDSU, USD, downtown employment, and the medical corridor. Whether you're an investor or a buye Set on a 5,249 SF lot in one of San Diego's most sought-after urban neighborhoods, this well-maintained, fully leased, independently metered triplex delivers compelling income from day one. The front home and all units are clean and charming. Floor plans used in lieu of photography to respect tenant privacy. Multi-family inventory in University Heights is critically constrained and properties like this rarely come to market. New roof in 2024. Newer water heater. Main House 1,334 SF | 3BD/2BA | Bonus office/flex space, enclosed sunroom, in-unit laundry, full kitchen, large porch, and unique finishes throughout. Unit A 529 SF | 1BD/1BA | Full kitchen, quality appliances, laminate flooring, light and bright Unit B 546 SF | 1BD/1BA | Full kitchen, quality appliances, laminate flooring, charming and well cared for Pro forma rents have potential reach $9,400/month, $112,800 annually representing $2,210/month in projected upside as leases roll to market. Estimated pro forma cap rate: 4.36%. On-site laundry, 615 SF storage, 4 parking spaces, 3 are covered carport spaces with storage and alley access. University Heights delivers walkable Park Boulevard living independent restaurants, craft breweries, coffee shops, and live music steps away. Old Trolley Barn Park nearby. Kensington, Normal Heights, Hillcrest, and North Park all within easy reach. Balboa Park moments away. Downtown 1525 min via CA-163/I-8. SAN Airport is under 5 miles away. Strong rental demand supported by proximity to SDSU, USD, downtown employment, and the medical corridor. Whether you're an investor or a buyer ready to house-hack your way into San Diego 4581 Georgia Street is the phenomenal opportunity you have been searching for.

4581 Georgia St, Normal Heights

$2,459,000
5 Beds 4 Baths NDP2602637 MLS ACTIVE Status
This 5-bedroom, 4-bathroom single-family home at 4811 E Alder Dr offers 3,222 sq ft of beautifully renovated living space on a private 0.57-acre canyon view lot in Kensington, San Diego, CA 92116 with no HOA, an attached 2-car garage, driveway parking for four total vehicles, and one of the most adaptable and income-flexible floor plans available in this zip code at this price tier. Originally built in 1943 and extensively renovated throughout, the home delivers the timeless architectural character that defines Kensington while meeting every demand of modern California living from open-concept main-level entertaining to a fully self-sufficient lower-level income-producing ADU-style suite with a private exterior entrance. Step inside the grand foyer and you are immediately welcomed by beamed ceilings, rich hardwood floors, and a wood-burning fireplace anchoring a sun-drenched living room measuring 25 by 16 feet the kind of gracious entry that sets this Kensington, San Diego home apart from anything in the 92116 market at a comparable price. The renovated chef's kitchen features a professional 6-burner gas range, premium stainless appliances, a breakfast bar, and an open layout connecting directly to a formal dining room designed equally for quiet weeknight dinners and large-scale entertaining. Three bedrooms occupy the main level, including an oversized primary suite measuring 375 square feet with a private en-suite bathroom a rare footprint in this neighborhood. Step outside from the main living areas and you will find a resort-caliber backyard anchored by a gas-heated This 5-bedroom, 4-bathroom single-family home at 4811 E Alder Dr offers 3,222 sq ft of beautifully renovated living space on a private 0.57-acre canyon view lot in Kensington, San Diego, CA 92116 with no HOA, an attached 2-car garage, driveway parking for four total vehicles, and one of the most adaptable and income-flexible floor plans available in this zip code at this price tier. Originally built in 1943 and extensively renovated throughout, the home delivers the timeless architectural character that defines Kensington while meeting every demand of modern California living from open-concept main-level entertaining to a fully self-sufficient lower-level income-producing ADU-style suite with a private exterior entrance. Step inside the grand foyer and you are immediately welcomed by beamed ceilings, rich hardwood floors, and a wood-burning fireplace anchoring a sun-drenched living room measuring 25 by 16 feet the kind of gracious entry that sets this Kensington, San Diego home apart from anything in the 92116 market at a comparable price. The renovated chef's kitchen features a professional 6-burner gas range, premium stainless appliances, a breakfast bar, and an open layout connecting directly to a formal dining room designed equally for quiet weeknight dinners and large-scale entertaining. Three bedrooms occupy the main level, including an oversized primary suite measuring 375 square feet with a private en-suite bathroom a rare footprint in this neighborhood. Step outside from the main living areas and you will find a resort-caliber backyard anchored by a gas-heated in-ground pool, multiple outdoor gathering areas shaded by mature trees, and sweeping canyon views that carry across the tree line the kind of San Diego indoor-outdoor living that buyers from Los Angeles, the Bay Area, and Seattle consistently name as the single feature that finalizes their relocation decision. The fully fenced 0.57-acre lot provides rare privacy: no neighboring structure is visible from the pool deck or canyon-view terrace, making this backyard a genuinely private retreat within one of San Diego's most walkable and culturally vibrant urban neighborhoods. The lower level delivers versatility in every direction a spacious family entertainment room, a wine room with custom racking, and a sunlit bonus sunroom equally suited as a home gym, art studio, yoga space, or private office for the remote-working buyer relocating from a higher-cost metro. Most significantly, the lower level houses a fully private income-producing ADU-style suite with its own spacious bedroom, full bathroom, kitchenette, and dedicated separate exterior entrance a self-sufficient unit ready to generate rental income to offset carrying costs, host extended family with complete privacy, or operate as a short-term rental in the heart of 92116. For buyers relocating to San Diego from Los Angeles, the Bay Area, Seattle, or major East Coast metros, 4811 E Alder Dr represents a combination genuinely difficult to replicate at this price point: a renovated 1943 character home with full modern upgrades, no HOA, estate-scale lot, ADU income flexibility, canyon views, a heated pool, a wine room, and immediate walkable access to the independent restaurants, wine bars, and coffee culture of Adams Avenue the commercial corridor that has made Kensington one of San Diego's most consistently in-demand zip codes. The property is zoned for Franklin Elementary School, Lewis Middle School, and Patrick Henry High School all within San Diego Unified School District and within 0.6 miles of the front door. Private showings available by appointment. Visit https://thewrightgroupsd.com/properties/4811-e-alder-drive-san-diego-ca-92116-ndp2602637 for the full video tour, Matterport 3D walkthrough, and architectural floor plans.

4811 E Alder Dr, Normal Heights

$2,899,000
12 Beds 6 Baths 260006144 MLS ACTIVE Status
All 2 Bed / 1 Bath Units! Prime North Park location featuring an attractive and highly desirable unit mix. The property offers a strong value-add opportunity with select interior upgrades already completed and additional upside through continued renovations and rent growth. Ownership has completed significant exterior and system improvements including refreshed landscaping, new exterior paint and lighting, updated windows, sewer line improvements, refinished deck surfaces, and upgraded handrails. The courtyard has been enhanced with a decorative water feature, electrical subpanels have been replaced, and the property includes a serviceable roof and off-street parking—further enhancing tenant appeal and long-term functionality.

4518-24 Kansas St, Normal Heights

$2,899,000
8 Beds 4 Baths 260006143 MLS ACTIVE Status Np BLDG.
All 2 Bed / 1 Bath Units! Prime North Park location featuring an attractive and highly desirable unit mix. The property offers a strong value-add opportunity with select interior upgrades already completed and additional upside through continued renovations and rent growth. Ownership has completed significant exterior and system improvements including refreshed landscaping, new exterior paint and lighting, updated windows, sewer line improvements, refinished deck surfaces, and upgraded handrails. The courtyard has been enhanced with a decorative water feature, electrical subpanels have been replaced, and the property includes a serviceable roof and off-street parking—further enhancing tenant appeal and long-term functionality.

4518-24 Kansas St, Normal Heights

$4,495,000
NDP2601764 MLS ACTIVE Status
The Von Bluecher Group at Lee and Associates is proud to present 2611 Adams Avenue, San Diego Multifamily Investment Property, a fully rebuilt 2025 mixed use apartment building investment located in the heart of North Park along the highly desirable Adams Corridor. This San Diego multifamily and mixed use investment offers diversified income from a stabilized restaurant lease and 10 fully furnished luxury boutique suites, delivering strong in place cash flow in one of the most walkable and supply constrained neighborhoods in San Diego. The property sits on a 7,009 square foot lot with approximately 3,360 square feet of total building area and includes five on site parking spaces. The building was rebuilt from the ground up in 2025 with modern construction, open floor plans, and high end interior and exterior finishes. Multifamily and Mixed Use Investment Highlights The residential component includes 10 fully furnished luxury boutique suites totaling approximately 2,330 square feet. Six units are approximately 285 square feet and four units are approximately 155 square feet. Each suite features a private bathroom, wet bar amenities, and modern finishes, making the property ideal for short term rental, corporate housing, extended stay, or traditional multifamily configurations. The luxury suites are projected to generate approximately $26,215 per month at an 80 percent average occupancy rate, reflecting strong demand for furnished housing in North Park and the Adams Corridor. The commercial component includes a 1,030 square foot tap room with a full bar, walk in refrigerator, The Von Bluecher Group at Lee and Associates is proud to present 2611 Adams Avenue, San Diego Multifamily Investment Property, a fully rebuilt 2025 mixed use apartment building investment located in the heart of North Park along the highly desirable Adams Corridor. This San Diego multifamily and mixed use investment offers diversified income from a stabilized restaurant lease and 10 fully furnished luxury boutique suites, delivering strong in place cash flow in one of the most walkable and supply constrained neighborhoods in San Diego. The property sits on a 7,009 square foot lot with approximately 3,360 square feet of total building area and includes five on site parking spaces. The building was rebuilt from the ground up in 2025 with modern construction, open floor plans, and high end interior and exterior finishes. Multifamily and Mixed Use Investment Highlights The residential component includes 10 fully furnished luxury boutique suites totaling approximately 2,330 square feet. Six units are approximately 285 square feet and four units are approximately 155 square feet. Each suite features a private bathroom, wet bar amenities, and modern finishes, making the property ideal for short term rental, corporate housing, extended stay, or traditional multifamily configurations. The luxury suites are projected to generate approximately $26,215 per month at an 80 percent average occupancy rate, reflecting strong demand for furnished housing in North Park and the Adams Corridor. The commercial component includes a 1,030 square foot tap room with a full bar, walk in refrigerator, storage areas, and indoor dining space. The combined square footage of the tap room and outdoor patio totals approximately 3,500 square feet, creating a vibrant indoor outdoor hospitality environment. The restaurant space is leased at $15,000 per month NNN and is anchored by Una Mas on Adams and Gold Soul Craft Coffee, generating consistent activity and neighborhood traffic. Investment Profile Approximately $41,215 per month in combined income 6.36 percent cap rate 9.09 GRM Ground up rebuild completed in 2025 Potential AB1482 exemption associated with newer construction *Some income and expense metrics are projected and/or estimated, buyer to verify and conduct their own due diligence. This North Park apartment building investment benefits from strong neighborhood demand, steady foot traffic, and proximity to restaurants, breweries, retail, and parks. Adams Avenue continues to attract private capital and 1031 exchange buyers seeking stabilized San Diego multifamily and mixed use investment opportunities. Multiple financing options may be available, including traditional bank financing, SBA financing, hard money, and potential seller financing for qualified buyers. For additional information, financials, or a confidential property valuation for your own San Diego multifamily investment, please contact The Von Bluecher Group at Lee and Associates.

2611 Adams Ave, Normal Heights

$1,949,999
6 Beds 4 Baths 260003809 MLS ACTIVE Status
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.

4671-73 Terrace Dr, Normal Heights

$1,175,000
3 Beds 2 Baths 260003400 MLS ACTIVE Status
Classic Normal Heights charm meets modern comfort. This light-filled 3BR/2BA sits steps from cafes, parks, and the University Heights/Normal Heights corridor. An inviting front porch opens to a spacious living/dining combo with updated windows and recessed lighting. The remodeled kitchen features stone countertops, stainless appliances, and ample storage. Three comfortable bedrooms, two refreshed baths, a family room, additional bonus room, and a laundry room to maximize everyday convenience. Outdoors, enjoy a private, low-maintenance yard for alfresco dining and pets. 3 car private off-street parking, and excellent walkability. Live the urban San Diego lifestyle minutes to Adams Ave, breweries, and the beach highways. Note: ADU conversion possibilities, Offered at $1,175.000 Buyer to verify all before close; broker/agent does not guarantee.

3430 Monroe Ave, Normal Heights

$763,000
1 Baths 250046375 MLS ACTIVE Status Rendezvous Condos BLDG.
Own Your Space: Boutique Commercial Retail Condo in North Park’s Newest Development. Newly constructed and rarely available, this ground-level commercial retail condominium offers approximately 763 square feet in the heart of San Diego’s Metro North Park. Zoned for live/work flexibility, the unit is ideal for entrepreneurs, creatives, and professionals seeking a vibrant, walkable business location. Select units within the Rendezvous Condominium Community are contiguous and may be combined to create larger spaces—up to an estimated 1,442 ESF, while each unit includes two secure, gated parking spaces. Located just blocks from the 805 freeway with easy access via Adams Avenue, El Cajon Boulevard, and University Avenue, the property offers seamless connectivity and proximity to public transit. Expansive storefront windows face lively 30th Street, maximizing visibility and foot traffic. Rendezvous is a curated collection of 35 newly built homes and townhomes, offering a built-in audience and neighborhood synergy. This is a purchase opportunity, not a lease—an exceptional chance to own commercial retail space in one of San Diego’s most dynamic lifestyle districts.

4473 30th St, Normal Heights

$679,000
1 Baths 250046373 MLS ACTIVE Status Rendezvous Condos BLDG.
New Construction Commercial Retail Condominiums – Rare Opportunity in San Diego’s Premier Urban District for sale. Introducing three newly built commercial retail condominium units for sale, ranging from approximately 679 to 1,233 square feet. These rare ground-level spaces are located within the exclusive Rendezvous Condominium Community—an ensemble of 35 newly constructed homes and townhomes—providing built-in visibility and an immediate residential customer base. Each unit qualifies for live/work consideration, and select units are contiguous, allowing for a combined footprint of approximately 1,442 esf. One featured unit offers 679 esf, with an adjacent 763-esf unit available. All commercial spaces include two dedicated parking spaces in a secure, gated garage. Ideally positioned just blocks from the 805 freeway and near Adams Avenue, El Cajon Boulevard, and University Avenue, the location offers excellent commuter access and proximity to public transit. Expansive storefront windows face vibrant 30th Street, maximizing exposure and foot traffic. Rendezvous presents a rare opportunity to own new construction commercial retail space in one of San Diego’s most dynamic lifestyle corridors. This is a purchase opportunity, not a lease—secure long-term value and community presence today.

4473 30th St, Normal Heights

$1,223,000
1 Baths 250046372 MLS ACTIVE Status Rendezvous Condos BLDG.
Modern Retail Commercial Space for sale – 1,233 ESF New Construction in Metro North Park! Now available: a newly built, ground-level commercial retail condominium offering approximately 1,233 square feet of prime space in the heart of San Diego’s Metro North Park. Ideal for businesses seeking a high-visibility storefront in a thriving urban corridor, the unit is zoned to accommodate live/work configurations, providing exceptional flexibility for entrepreneurs, creatives, and professionals. Two secure, gated parking spaces are included for added convenience. Located within the Rendezvous Condominium Community—an exclusive collection of 35 newly constructed homes and townhomes—this space benefits from a built-in residential customer base and strong neighborhood synergy. Just blocks from the 805 freeway with easy access via Adams Avenue, El Cajon Boulevard, and University Avenue, the property also offers close proximity to public transit. Expansive storefront windows face vibrant 30th Street, maximizing exposure and foot traffic. This is a purchase opportunity, not a lease—an exceptional chance to own new construction commercial retail space in one of San Diego’s most dynamic lifestyle districts.

4473 30th St, Normal Heights

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