4847 53 Mansfield Street,San Diego, CA 92116
San Diego, CA 92116
Description
Turn-key and beautifully upgraded, this exceptional 4-unit investment opportunity in North Normal Heights offers the perfect blend of strong income, lifestyle flexibility, and long-term upside. Currently producing $129,900 per year in gross income, the property consists of four separate detached homes a rare configuration that provides privacy, desirability, and premium tenant appeal. The front residence is a spacious 3-bedroom, 2-bath, approximately 1,200 SF home featuring in-unit laundry, off-street parking, and its own private yard, creating an ideal owner-occupant opportunity. Live comfortably in the front home while collecting approximately $80,760 annually from the three additional units, making this a compelling house-hack or portfolio addition. Each home is individually metered for gas and electric and offers dedicated off-street parking, while the rear three residences enjoy access to a thoughtfully landscaped shared backyard space. Extensive capital improvements provide peace of mind, including a new sewer line, updated plumbing, new foundations, and new roofs across all four units, with two of the homes completed as new construction in 2022. Situated in one of Metro San Diego’s most sought-after neighborhoods, the property offers unbeatable proximity to the vibrant shops, restaurants, coffee houses, and nightlife along Adams Avenue, as well as easy access to major freeways and surrounding communities. This is a rare opportunity to own a low-maintenance, high-performing asset in the heart of Normal Heights with both lifestyle and investment appeal.
Details
| MLS # | 260015596SD |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 63 |
| Listing Provided By | Keller Williams La Jolla | Patrick Mercer |
Features
| Story(s) | 1 |
|---|---|
| Units | 4 |
| Building(s) | 4 |
| Acreage | 0.14 |
Interior
| Cooling | Central Air, Zoned |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92116 |
| Area | 92116 Normal Heights |
| Community Name | Normal Heights |
| Listing VS Median (in Normal Heights) | |
Price: $1,895,000 low | high Med: $897,000 On site: 63 low | high Med: 59.5 | |
Market Activity 92116
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92116 |
| Area | 92116 Normal Heights |
| Community Name | Normal Heights |
| Listing VS Median (in Normal Heights) | |
Price: $1,895,000 low | high Med: $897,000 On site: 63 low | high Med: 59.5 | |