Description

Kensington Park: 1912 Craftsman +3 Unit 1951 Apartment- Total 7 Bedrooms and 6 Baths among all units on property– 3Bed/2ba | 2bed/2ba | and 2 of 1bed/1bath unit mix. A Premier Investment Opportunity...Discover the convenience of Kensington Park and this outstanding investment opportunity. This isn't just a property; it's a substantially updated, income-generating asset strategically positioned in one of the area's most vibrant and sought-after neighborhoods. Providing strong rental demand and consistent returns for investors, or a unique opportunity for owner-occupants to significantly offset living expenses while enjoying a beautiful residence and the cash flow of your own investment property. Why This Opportunity Stands Out This property's prime location is a key differentiator. Situated in Kensington Park, offering proximity to the thriving Adams Avenue and Kensington business districts. This neighborhood benefits from immediate access to a dynamic community lined with popular cafes, independent shops, and entertainment. These features support sustained high demand and premium rental rates, maximizing your cash flow, while offering an incredibly vibrant neighborhood right outside your door. The compelling unit mix is suitable for both investors and owner-occupants. It features a spacious 3-bedroom, 2-bathroom 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 financially qualified 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 substantial upgrades making it well-cared for and well-maintained. Investors can enjoy immediate income generation without the burden of major upfront capital expenditures, 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 this highly desirable location, diversified unit types, and modern amenities supports 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 (Tax Rolls YB 2000) indicates a solid, well-maintained property ready for immediate investment returns. This exceptional Kensington Park investment 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 and convenient San Diego location.