4811 Castle AvenueSan Diego, CA 92105

Multi-Family · 1,514 Sq. ft. | 0.14 Acres
$780,000 Active

4811 Castle Avenue Overview

Time on Site:
11 hours
Visits:
0

Rare dual-unit income property in the heart of City Heights — priced to move in a market with virtually no two-unit inventory. Two detached units currently generating $3,850 per month and that's the opportunity. At $1,925 per unit, both units are running significantly below of $2,695, leaving nearly $1,700 per month in unrealized income sitting on the table. For the right investor, that gap is the deal. Or Live in one and rent out the Other Unit! On 2 separate SDGE gas and electric meters and 1 water meter. Features a large backyard with 2 sheds. With two long-term tenants in place, the cash flow is stable from day one. The path to market rents runs through lease turnover, strategic renovation, or both and the property supports it. A detached oversized one-car garage offers genuine ADU conversion potential, adding a possible third income stream on top of the upside already built into the existing units. City Heights puts your tenants at the center of everything just minutes from SDSU, downtown San Diego, City College, and some of the county's largest healthcare and government employers. Easy access to the 8, 15, and 805 makes the entire county commutable from a surprisingly quiet, residential pocket of the city. Two-unit properties in this submarket rarely surface. When they do at this price point and with this much room to run — serious investors move fast.

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4811 Castle Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,514
  • Price/Sq.ft. $515
  • Lot 0.14 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

Income/Expenses

  • Other Expense: 150.0
  • Gross Income: 46200.0
  • Gross Scheduled Income: 46200.0
  • Insurance Expense: 150.0
  • Net Operating Income: 35328.0
  • Operating Expense: 10872.0
  • Trash Expense: 40.0
  • Water Sewer Expense: 40.0

Building Information

  • New Construction: No
  • Year Built: 2013

Location/Region

  • County Or Parish: San Diego
  • MLS Area Major: 92105 - East San Diego
  • Postal City: SAN DIEGO

Community/Development

  • Community Features: Street Lights,Suburban

Rent/Lease Information

  • Land Lease: No
  • Tenant Pays: Exterior Maintenance

General Information

  • Listing Terms: Cash,Conventional,Fannie Mae,VA Loan
  • Parcel Number: 4717820700
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: Rs1-7

Interior

Parking Information

  • Garage Spaces: 1.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 1514.0
  • Building Area Units: Square Feet

General Information

  • Appliances: Gas Cooking,Refrigerator,Water Heater
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: 1
  • Fireplace: No
  • Heating: No
  • Laundry Features: Gas Dryer Hookup
  • Levels: One
  • Spa: No
  • Stories: 1
  • Stories Total: 1
  • Window Features: Double Pane Windows

Exterior

Parking Information

  • Open Parking Spaces: 2.0
  • Parking Features: Door-Single,Driveway,Garage
  • Parking Total: 3.0

Lot Information

  • Lot Dimensions Source: Public Records
  • Lot Features: Front Yard,Value In Land
  • Lot Size Acres: 0.1431
  • Lot Size Area: 6233.0
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 6233.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Waterfront/View

  • View: No

Building Exterior/Construction

  • Property Attached: No
  • Roof: Shingle

General Information

  • Fencing: Chain Link
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Pool Features: None
  • Pool Private: No
  • Sewer: Public Sewer
  • Utilities: Electricity Connected

4811 Castle Avenue Neighborhood

Community

92105 (San Diego) Demographics

33
Median Age
13,645
Population Density (per sq. mile)
25%
College Educated
$48,072
Estimated Median Income
7,106
Estimated Total Home Owners
16,024
Estimated Total Renters
31% / 69%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4811 Castle Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4811 Castle Avenue Market Data

Based on the last 30 days in this zip code

$694,870
Average List Price
$610
Average Price per Square Foot
9
Properties Sold
68
Average Days on Market
81
Properties for Sale
Calculations provided by Reliance Network

4811 Castle Avenue History

Date Event Value Agent
6/29/2026Source: CRMLS Added to Database
June 29, 2026
Listing provided courtesy of AK Real EstateAngela Kim- MLS# PTP2604921MLS ProviderContact Information: [email protected] - 858-663-1372
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