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.
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
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
4811 Castle Avenue Market Data
Based on the last 30 days in this zip code
4811 Castle Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/29/2026Source: CRMLS | June 29, 2026 |
Contact Information: [email protected] - 858-663-1372