4469 Altadena Avenue

San Diego, CA 92115

$1,460,000
Price
5
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to 4469-4475 Altadena Ave, a newly constructed four-unit development in Talmadge! Designed for savvy investors, 1031 exchange buyers, or homeowners looking to live in one unit while renting the others, this is your opportunity to step into immediate passive income. The property consists of three independent structures totaling four units, with three units currently occupied at fair market rents. Each unit offers a 1-bedroom, 1-bath layout ranging from 433 square feet up to 584 square feet...Welcome to 4469-4475 Altadena Ave, a newly constructed four-unit development in Talmadge! Designed for savvy investors, 1031 exchange buyers, or homeowners looking to live in one unit while renting the others, this is your opportunity to step into immediate passive income. The property consists of three independent structures totaling four units, with three units currently occupied at fair market rents. Each unit offers a 1-bedroom, 1-bath layout ranging from 433 square feet up to 584 square feet for the largest unit. The original home built in 1939 has been remodeled to reflect the same new condition of the newly constructed 3 additional units. Each unit is equipped with modern conveniences and energy-efficient features to maximize comfort and appeal. Enjoy newly installed kitchens and bathrooms, luxury vinyl flooring, mini-split heating and air systems, and tankless water heaters. The units also include stainless steel appliances, including refrigerators, and in-unit washers and dryers, ensuring a seamless living experience. Solar on the 3 new units offers monthly savings! There is a common area fenced-in patio in front and 3 off-street parking spaces, providing convenience for tenants. Situated near SDSU, major hospitals, shopping centers, as well as San Diegos iconic beaches, this property is ideally located to attract a wide range of tenantsfrom military professionals and students to those seeking vibrant urban living. Whether you're looking for a turnkey rental property or a strategic long-term investment, this is the perfect opportunity to grow your portfolio.

Listing Agents

  1. Scott Ryan

    Scott Ryan

    Listing Agent

    Compass

    DRE #01398461

    scottryan@compass.com

    P: (858)-349-8272

  2. Evan Smith

    Evan Smith

    Alternative Listing Agent

    Compass

    DRE #01986812

    evan.smith@compass.com

    P: (858)-869-5227

Property Details for 4469 Altadena Avenue

Cross Streets
Monroe Ave
Source Living Area
Plans
Area
San Diego (City) (SD)
Lot Size Area
3745
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
472-011-05-00
LISTING UPDATED: 01/28/2025 11:09 AM

Property Details for 4469 Altadena Avenue

StatusActive
MLS #250000471SD
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.09 AC / 3,745 SF
CountySan Diego County

Building Information for 4469 Altadena Avenue

Stories1Residences-Year Built2024Building Size-Lot Size0.09 AC / 3,745 SF

Property Information for 4469 Altadena Avenue

Community / Development
Community / Development
  • Complex Name: N/A
  • Number Of Units: 4
  • Pets Allowed: Yes
  • Builders Tract Name: San Diego State
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: No
  • Security Features: None
  • Water: Meter on Property, Other
  • Sewer: Sewer Connected
  • Water Heater Features: Tankless
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $64,085.00
  • Gross Scheduled Income: $76,680
  • Cap Rate: 4.10%
  • Gross Rent Multiplier: $19.00
  • Other Income1: $.00
  • Total Annual Expense: 12595
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.09
  • Lot Location: Alley Access
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Wall/Window
  • Heating Type: Natural Gas, Wall
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, FHA
  • Tenant Pays: Electricity, Gas/Propane
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,210.00
  • Unit Actual Rent: $2,210.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $1,970.00
  • Unit Actual Rent: $1,970.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,210.00
  • Unit Actual Rent: $2,210.00
  • Like Units: 1

Property History for 4469 Altadena Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4469 Altadena Avenue

Taxable ValueLand$543,562Additions$148,938Total$692,500
Tax Record2024$8,567 ($714 / month)
Home Facts
Beds1Total Finished SqFt584 SqFtAbove Grade Finished SqFt584 SqFtLot Size3,754 SqFtStyleSingle Family ResidenceYear Built1939ZoningR-4:MULTIPLECountySAN DIEGOAPN472-011-05-00

Schools near 4469 Altadena Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Fay Elementary School
PublicK to 5

Mann Middle School
Public6 to 8

Crawford High School
Public9 to 12

City Heights Preparatory Charter
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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4469 Altadena Avenue is a multi-family home for sale in San Diego, CA 92115. This property was listed for sale on January 7, 2025 by Compass, it's currently listed at $1,460,000. It has been on the market for a total of 57 days and was last sold on September 22, 2023. This listing's school district is San Diego Unified School District. Nearby schools include Fay Elementary School, Mann Middle School and Crawford High School. 4469 Altadena Avenue is a 5-bed, 4-bath, multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Scott Ryan, DRE #01398461; Compass, Evan Smith, DRE #01986812

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