Renovated 3-Unit Property in Prime Kensington Location! Incredible investment opportunity in the highly sought-after Kensington neighborhood of San Diego! This renovated 3-unit property sits just off Adams Avenue, offering unparalleled walkability to top-rated restaurants, boutique shopping, and scenic parks. The front home is a spacious 4-bed, 2-bath single-family residence, move-in ready. Featuring high-end finishes such as turpentine stone, luxury vinyl flooring, and custom soft-close cabinetry, this home blends modern design with timeless charm. The back duplex consists of two 1-bed, 1-bath units, currently rented at $2,600 and $2,200 per month on month-to-month leases—perfect for immediate rental income or future value-add potential. The property is zoned R3, offering the ability to convert the garage into an ADU for additional rental income. Recent upgrades include a brand-new $16,000 AC system and a $26,615.71 sewer pump replacement, ensuring peace of mind for the next owner. Don't miss out on this rare Kensington gem—whether you're an investor looking for strong rental income or a homeowner seeking an income-producing property, this one checks all the boxes!
For sale
$2,099,999
4671-73 Terrace Dr, San Diego, CA 92116
6beds
--sqft
Est.:
Multi Family
Built in 1950
-- sqft lot
$2,114,000 Zestimate®
$--/sqft
$-- HOA
What's special
Timeless charmModern designHigh-end finishes
- 192 days
- on Zillow |
- 391 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: August 13, 2025 at 04:42am
Listed by:
Eric M Meeler DRE #02086276 336-583-6235,
Real Broker
Source: SDMLS,MLS#: 250018206
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: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air Unit
Cooling
- Central Forced Air
Interior area
- Total structure area: 2,530
Video & virtual tour
Property
Features
- Levels: 2 Story
- Fencing: Full
Lot
- Size: 6,098.4 Square Feet
Details
- Parcel number: 4406533100
- Zoning: R-3:RESTRI
- Zoning description: R-3:RESTRI
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Tile/Clay
Condition
- Year built: 1950
Community & HOA
Community
- Security: N/K
- Subdivision: KENSINGTON
Location
- Region: San Diego
Financial & listing details
- Tax assessed value: $814,326
- Annual tax amount: $10,042
- Date on market: 2/5/2025
- Listing terms: Cash,Conventional,FHA,VA
- Tenant pays: Electricity, Gas/Propane, Sewer, Trash, Water
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