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$2,395,000
5 Days On Site

4146 Monroe Avenue
San Diego, CA92116

For Sale|Multi Family|Active
6
Beds
5
Total Baths
County:
San Diego
Listed by Penny Nathan of Ascent Real Estate 6199857369

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619 778 5198
4146 Monroe Avenue4146 Monroe Avenue4146 Monroe Avenue4146 Monroe Avenue
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Kensington Park: 1912 Craftsman +3 Unit 1951 Apartment 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.

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Listing Snapshot
Price 
$2,395,000
Days On Site 
5 Days
Bedrooms 
6
Inside Area (SqFt) 
N/A
Total Baths 
5
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1539 Acres
Year Built 
N/A
MLS® Number 
NDP2507445
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 minutes agoListing updated with changes from the MLS®
3 days agoPrice changed to $2,395,000
5 days agoListing first seen on site
General Features
Number Of Stories 
2
Property Sub Type 
Multi Family
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Community Features
Community Features 
CurbsSidewalks
Financing Terms Available 
CashConventionalFHAVA Loan
Listed by Penny Nathan of Ascent Real Estate 6199857369



This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2025 San Diego MLS®.

Last checked 2025

Neighborhood & Commute
Source: Walkscore
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