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Stacey Alysson Melman

52 Cleveland Street
San Diego, CA, 92103
$2,900,000
Beds
0 Baths
0 SqFt
0.15 Acres
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MLS #260015306SD image #0
Prime investment opportunity! High-quality, turn-key 4-plex perfectly situated on the desirable Hillcrest side of University Heights. You walk to the best Hillcrest has to offer, steps to the Pride/Normal Street Promenade! This exceptional property is a true investment jewel, featuring a luxury triplex constructed new in 2020 alongside a completely and beautifully rehabilitated classic Craftsman bungalow.The entire property is lushly and professionally landscaped, offering fantastic curb appeal. The 3 modern triplex units are bright, sunny, and spacious, each boasting a thoughtful 2-bedroom, 2.5-bathroom floor plan. These units feature high-end designer kitchens and baths, central forced air conditioning, and full-sized in-unit laundry for maximum tenant comfort. For ultimate convenience and security, an automatic gate accessible via the alley opens to a large, secure parking area providing access to 3 two-car garages. Each triplex unit enjoys a private interior entrance directly from its garage. In total, the property features 7 off-street parking spaces—an incredibly valuable asset in this high-demand, growing neighborhood. The charming detached front Craftsman house is a character-rich 2-bedroom, 2-bathroom home that includes one dedicated parking space. Financial information is 2025 actual income and expenses. Additional income includes a consistent utility water and trash pass-through program. Unit 1 will be readily available for showings for the next two weeks only. Don’t miss out on this pristine, low-maintenance asset in one of San Diego’s best rental markets!
AGENT: Jim Scott
LISTING BROKERAGE: Scott & Quinn Real Estate
52 Cleveland Street
San Diego, CA

Property Details

Price:
$2,900,000
MLS #:
260015306SD
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
University Heights
Neighborhood:
92103missionhills
Listed Date:
Jun 24, 2026
Lot Size:
6,395 sqft / 0.15 acres (approx)
Year Built:
2020
92103 – Mission Hills92103missionhillsUniversity Heights
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Cooling
CA
Heating
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Levels
C

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PTL
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CMP

Financial

Net Operating Income
$121,302

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