4146-4150 Monroe Ave 4 Unit Apartment Building $2,395,000 ($598,750/Unit) 4.60% Cap Rate San Diego, CA 92116

Kensington Park: Craftsman 4-Plex – A Premier Investment & Lifestyle Opportunity
Discover an exceptional, Craftsman 4-plex located in Kensington Park. This isn't just a property; it's upgraded, income-generating asset strategically positioned in one of the area's most vibrant and sought-after neighborhoods, strong rental demand and consistent returns for investors, or a unique opportunity for owner-occupants to significantly offset living expenses.

Why This Opportunity Stands Out
This property's prime location is a key differentiator. Situated in the heart of Kensington Park, it's just blocks from the thriving Adams Avenue and Kensington business districts. Tenants (and owner-occupants!) benefit from immediate access to a dynamic community with popular cafes, independent shops, and entertainment. This prime area drives sustained high demand and allows for premium rental rates, maximizing your cash flow.

The 4-plex offers a unit mix, perfect for both investors and owner-occupants. It features a spacious 3-bedroom, 2-bathroom one story- front residence boasting highly desirable features like a private deck/yard, in-unit washer/dryer, and mini-split AC/heat in every room. This unit is a major draw for high-quality tenants or the ideal primary residence for an owner-occupant. Additionally, there's one 2-bedroom, 2-bathroom apartment also equipped with modern mini-split AC/heat, and two 1-bedroom, 1-bathroom units with practical amenities. This diversified income stream ensures broad market appeal and excellent rental income to significantly offset your mortgage.

This property has undergone many upgrades over the years. Investors can enjoy immediate income, while owner-occupants can move in with peace of mind. Key updates include dual-pane windows throughout for energy efficiency and noise reduction, leading to lower utility costs and increased comfort. You'll also find stylish wood flooring and tile, offering durability and ease of maintenance. A crucial advantage in this urban setting is the off-street parking with two spaces for the front house and one for each additional unit, which significantly enhances tenant satisfaction and retention, and offers great convenience for the owner. For laundry, there's a private laundry in the front house and a well-maintained common laundry room for the other units.

The combination of an unbeatable location, diversified unit types, and modern amenities ensures strong rental demand and consistent occupancy. This property is poised to deliver robust cash flow and significant long-term appreciation in a rapidly growing and desirable community. The blend of original charm (Year Built 1912/1951) with modern system updates indicates a solid, well-maintained structure ready for immediate returns.

This exceptional 4-plex in Kensington Park represents a rare opportunity for both astute investors seeking a secure, high-performing asset with immediate income potential, and owner-occupants looking to offset living expenses while enjoying a vibrant, connected lifestyle.