Prime value-add + development opportunity in highly desirable Talmadge. This 6,600 SF RM-1-1 zoned lot currently features three units: a front duplex with two 1bd/1ba units, plus a detached 2bd/1ba house in the rear. Seller has fully approved permits in hand to demolish the rear house and construct 9 new units, while retaining and renovating the existing duplex—bringing the total to 11 rentable units. New ownership can begin renovations and lease-up immediately. Projected pro forma cap rate of 7.5%. Located in a low-density, high-demand rental market with limited multifamily supply. Excellent access to I-8 and I-15 puts you minutes from Downtown, Mission Valley, Kensington, and the College Area. Rare opportunity to develop in one of San Diego’s most stable, appreciating infill neighborhoods.null
For sale
$1,395,000
4560-64 Winona Ave, San Diego, CA 92115
4beds
3baths
--sqft
Est.:
Multi Family
Built in 1940
-- sqft lot
$1,409,200 Zestimate®
$--/sqft
$-- HOA
What's special
Front duplex
- 117 days
- on Zillow |
- 415 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: July 08, 2025 at 09:00am
Listed by:
Miles S Slater DRE #02151498 425-405-8892,
Nara Advisors, Inc.,
Jason J Lee DRE #02068011 858-343-4655,
Nara Advisors, Inc.
Source: SDMLS,MLS#: 250024234
Originating MLS: San Diego Association of REALTOR

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Cooling
- Other/Remarks
Interior area
- Total structure area: 1,687
Video & virtual tour
Property
Features
- Levels: 1 Story
- Fencing: Other/Remarks
Details
- Parcel number: 4656410700
- Zoning: RM-1-1
- Zoning description: RM-1-1
- Special conditions: Other/Remarks
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other/Remarks
- Roof: Other/Remarks
Condition
- Year built: 1940
Community & HOA
Community
- Security: Other/Remarks
- Subdivision: Talmadge (TALM)
Location
- Region: San Diego
Financial & listing details
- Tax assessed value: $579,478
- Annual tax amount: $7,389
- Date on market: 4/11/2025
- Listing terms: Other/Remarks
- Tenant pays: Other/Remarks
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