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$655,000
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Property Description
Rare dual-unit income property in the heart of City Heights - priced to move in a market with virtually no two-unit inventory. Two detached units currently generating $3,850 per month and that's the opportunity. At $1,925 per unit, both units are running significantly below of $2,695, leaving nearly $1,700 per month in unrealized income sitting on the table. For the right investor, that gap is the deal. Or Live in one and rent out the Other Unit! On 2 separate SDGE gas and electric meters and 1 water meter. Features a large backyard with 2 sheds. With two long-term tenants in place, the cash flow is stable from day one. The path to market rents runs through lease turnover, strategic renovation, or both and the property supports it. A detached oversized one-car garage offers genuine ADU conversion potential, adding a possible third income stream on top of the upside already built into the existing units. City Heights puts your tenants at the center of everything just minutes from SDSU, downtown San Diego, City College, and some of the county's largest healthcare and government employers. Easy access to the 8, 15, and 805 makes the entire county commutable from a surprisingly quiet, residential pocket of the city. Two-unit properties in this submarket rarely surface. When they do at this price point and with this much room to run - serious investors move fast.
Full Property Details
Full Property Details for 4811 Castle Ave
General
- Sold For: $655,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PTP2604921
- Added to Site: 102 day(s) ago
Interior
- Appliances: Gas Cooking, Water Heater, Refrigerator
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 1
- Parking Features: Garage, Garage (Single Door), Driveway
- Parking: Garage, Garage (Single Door), Driveway
Location
- Area: 92105 - East San Diego
- County: San Diego
- Development Name: 92105 - East San Diego
- Driving Directions: university ave to Euclid or from the south via 94 frwy
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer
- # Water Meters: 1
- # Gas Meters: 2
- # Electric Meters: 2
Structural Information
- Roof: Shingle
- Windows: Double-Pane Windows
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 1,514
- Year Built: 2013
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.1431
- Lot Size Source: Public Records
- Zoning: Rs1-7
- Lot Description: Front Yard, Value In Land
Financial Considerations
- Price Per Sq. Ft.: $515.19
- Price Per Unit: 390000
Listed and Sold by AK Real Estate, Angela Kim
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Schools
Schools serving 4811 Castle Ave
School District:San Diego City Unified School District
| Name | Grades | Distance |
|---|---|---|
Rosa Parks Elementary School, San Diego, CA 4510 Landis Street, San Diego, CA 92105 | K-5 | 0.3 mi |
Clark Middle School 4388 Thorn Street, San Diego, CA 92105 | 6-8 | 0.5 mi |
Hoover High School 4474 El Cajon Boulevard, San Diego, CA 92115 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4811 Castle Ave
Date
Details
Price
Change
Source
9/23/2026
Sold
$655,000
-16.03%
MLS
6/29/2026
Listed
$780,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4811 Castle Avenue, San Diego, CA 92105 (MLS# PTP2604921) is a Multi-Family property that was sold at $655,000 on September 23, 2026. Want to learn more about 4811 Castle Avenue? Do you have questions about finding other Multi-Family real estate for sale in South San Diego? You can browse all South San Diego real estate or contact a Coldwell Banker agent to request more information.

