Home entrance at night with a wooden gate, illuminated steps, and palm trees.
White stucco home with arched entry, red steps, and potted succulents in the courtyard.
Living room with two sofas, a fireplace, and sliding glass doors overlooking greenery.
Kitchen with white cabinetry, a large stone island, two bar stools, and stainless steel appliances.
Bathroom with a textured-tile walk-in shower, built-in bench, and white vanity.
White multi-unit building with an upper balcony, dark gate, and 4671-73 Terrace Drive address plaque.
Courtyard patio with outdoor dining set, white stucco walls, garage door, and exterior staircase.
Outdoor patio with a dining table and four chairs beside a garage and wooden gate.
White multi-story property beside a concrete driveway, with a tall wooden gate and keypad.
Renovated kitchen with white cabinets, stainless appliances, veined stone counters, and an island gas cooktop.
Renovated kitchen with a veined stone island, gas cooktop, stainless appliances, and wood-look flooring.
Renovated kitchen with white cabinetry, marble-look counters, stainless appliances, and a large black sink.
Kitchen with white cabinets, veined countertops, and stainless steel appliances.
Kitchen with white cabinets, stainless steel appliances, veined stone counters, and a large island with gas cooktop.
Vacant kitchen with a stainless gas range, veined white counters, white cabinets, and sunlit windows.
Open kitchen with a veined white island, gas range, and wood-look floors.
Vacant kitchen with white cabinetry, stainless steel appliances, marble-look peninsula, and wood flooring.
Vacant kitchen with a large marble-look island, stainless steel appliances and wood-look flooring.
Vacant kitchen with a large island, white cabinets, stainless-steel refrigerator, and wooden ceiling fan.
Bright kitchen with marble-look counters, gas cooktop, wood-look flooring, ceiling fan, and entry door.
Vacant kitchen with a marble-patterned island, white cabinets, stainless steel appliances, and wood-look flooring.
Empty room with light wood floors, a wood-blade ceiling fan, curtained window, and portable air conditioner.
Empty bedroom with wood flooring, mirrored closet doors, and a stacked washer and dryer through the doorway.
Unfurnished bedroom with wood-look flooring, a wooden ceiling fan, mirrored closet, and portable air conditioner.
Vacant bedroom with wood flooring, a ceiling fan, mirrored closet doors, and a portable air conditioner.
Vacant entry room with light wood floors, a decorative glass front door, and sunlight streaming through window blinds.
Bathroom with a glass-enclosed tub, wave-pattern tile, veined vanity countertop, and illuminated mirror.
Bathroom vanity with a veined white countertop, rectangular sink, paneled cabinets, and large mirror.
Bathroom with a glass-enclosed tub, white textured tile, brass-toned fixtures, and a small window.
Laundry room with stacked washer and dryer, built-in cabinets, and a bathroom visible through the doorway.
Laundry room with stacked washer and dryer, built-in vanity, and bathroom doorway.
White stucco building beside a concrete access driveway, with windows and parked cars beyond.
Two-story white stucco building with a broad driveway and dark gates.
White stucco multi-unit building with a gated entrance and paved parking area.
Paved alley between buildings with parked cars and overhead utility wires.
Outdoor patio with a dining set between white stucco walls and beside a garage door.
Paved patio with a black dining table and chairs beside a white garage door.
Floor plan showing four bedrooms, a living/dining room, kitchen, bathroom and laundry, and labeled room dimensions.
VIEW PHOTOS
Listed by Key Realty Group Inc., Eric M Meeler, Listing Contact: 336-583-6235 
$1,949,999

4671-73 Terrace Dr

6 Beds 4 Baths 2,750 Sq.Ft. 6,098.4 Sq.Ft.

Description

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 Boheme, 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.

Share Property

Location

4671-73 Terrace Dr, San Diego, CA 92116

Status

For Sale
Eric Meeler

Eric Meeler

TITLE

Co-Founder | Team Lead

LICENSE

02086276

Property Amenities

Interior
Total Bedrooms: 6
Full Bathrooms: 4
Area & Lot
Total area 2,750 Sq.Ft.
Lot Area 6,098.4 Sq.Ft.
Living area 2,750 Sq.Ft.
MLS® ID 260003809
Year Built 1950
Type Multi-Family
Status For Sale
Exterior
Air conditioning Central Forced Air, Wall/Window
Security Features N/K
Roof Other/Remarks
Finance
Sales Price $1,949,999
White stucco home with arched entry, red steps, and potted succulents in the courtyard.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 4671-73 Terrace Dr, San Diego, CA 92116. We are reviewing your request and will be in touch shortly!

Mortgage Calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

All estimates are provided for informational purposes only. Actual amounts may vary.
$0,000 Your Payment 20 15 65
$0,000 Your Payment

San Diego

Work With Us

We are here 24/7 to assist you with your home buying and selling needs from start to finish.