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Stacey Alysson Melman

73 Terrace Dr
San Diego, CA, 92116
$1,949,999
Beds
0 Baths
0 SqFt
0.14 Acres
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MLS #260003809SD image #0
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 Bohème, 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.
AGENT: Eric Meeler
LISTING BROKERAGE: Key Realty Group Inc.
73 Terrace Dr
San Diego, CA

Property Details

Price:
$1,949,999
MLS #:
260003809SD
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
Kensington
Neighborhood:
92116normalheights
Listed Date:
Feb 17, 2026
Lot Size:
6,210 sqft / 0.14 acres (approx)
Year Built:
1950
92116 – Normal Heights92116normalheightsKensington
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CA, WW
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Financial

Net Operating Income
$78,200

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