4225 Central Avenue, San Diego, CA 92105

Situated on an approximately 6,248-square-foot lot, 4225–4231 Central Avenue is a stabilized, cottage-style multifamily property in central San Diego. The property generates $9,294 in current monthly gross income and provides five off-street parking spaces. Four of the five operating units have been fully or partially improved, with updated kitchens, flooring, appliances, bathrooms, exterior paint, fencing and landscaping. Additional upside exists through future renovation of the remaining original-condition cottage and potential rent growth. Conveniently located near Kensington, Teralta Park, neighborhood restaurants, Downtown San Diego, I-805 and SR-15. The property consists of four permitted dwelling units currently configured and operated as five rental units. The permitted 3-bedroom/2-bath main house has been divided without permits into a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit. The remaining permitted units consist of two detached 1-bedroom/1-bath cottages and one detached studio cottage. Listing agents Taylor Kettlewell and Christopher Roberson hold an ownership interest in the property. Property is offered in its present as-is condition. Buyer to independently verify permits, unit configuration, square footage, zoning, income, expenses, condition and development potential.