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2848-52 Morningside St

San Diego, CA 92139
  • $1,395,000
  • STATUS: ACTIVE
  • ON SITE: 27 Days
  • ID#: 240028708
UPDATED: 54 min ago
$1,395,000
  • 6
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,361
    SQFT
  • $591
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1975
County:

School Ratings & Info

Description

Variance granted 2-4 Units. MONEY MAKER! Unicorn Alert! 3 units in one building. RARE and valuable investment opportunity! Updated main home is 1,104 sft 3/2 single level with gorgeous canyon views and panoramic sunsets over the Pacific & downtown from your large covered deck that runs the length of the house. 2023 newly built and legally permitted ADUs feature a 2BR ADU 758 sft & 1BR JADU 499 sft. Soundproofed and built for comfort, these two ADUs were taken down to the studs and well built. The west facing JADU also offers beautiful canyon views and gorgeous sunsets. The location is quiet and convenient. Hidden in a serene corner high on a mesa just north of Bonita, it’s only a 4 minute drive to Westfield Plaza Bonita, faster to I-805 and 54, and a quick drive to downtown. Significant rental income can help pay your mortgage! Move into a unit to qualify for a low-down payment mortgage OR approx. $7840/month renting all 3 units. This amazing investment opportunity offers 3 easily rented, units with separate: addresses, front doors, outdoor space, washers/dryers and electrical meters. Main home & JADU have terrific tenants until June at $3,070 and $2,125. 2BR ADU last rented for $2,645. Must see to appreciate the view and neighborhood.

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San Diego MLS logo 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. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/158955627
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2848-52 Morningside St San Diego, CA 92139

  • Price: $1,395,000
  • Status: ACTIVE
  • On Site: 27 Days
  • Updated: 54 min ago
  • ID#: 240028708
6
Beds
4
Baths
0
½ Baths
N/A
Acres
2,361
SQFT
$591
$/SQFT
1975
Built
Neighborhood:
South Paradise Hills
County:
San Diego
Area:
Paradise Hills (92139)
Property Description
Variance granted 2-4 Units. MONEY MAKER! Unicorn Alert! 3 units in one building. RARE and valuable investment opportunity! Updated main home is 1,104 sft 3/2 single level with gorgeous canyon views and panoramic sunsets over the Pacific & downtown from your large covered deck that runs the length of the house. 2023 newly built and legally permitted ADUs feature a 2BR ADU 758 sft & 1BR JADU 499 sft. Soundproofed and built for comfort, these two ADUs were taken down to the studs and well built. The west facing JADU also offers beautiful canyon views and gorgeous sunsets. The location is quiet and convenient. Hidden in a serene corner high on a mesa just north of Bonita, it’s only a 4 minute drive to Westfield Plaza Bonita, faster to I-805 and 54, and a quick drive to downtown. Significant rental income can help pay your mortgage! Move into a unit to qualify for a low-down payment mortgage OR approx. $7840/month renting all 3 units. This amazing investment opportunity offers 3 easily rented, units with separate: addresses, front doors, outdoor space, washers/dryers and electrical meters. Main home & JADU have terrific tenants until June at $3,070 and $2,125. 2BR ADU last rented for $2,645. Must see to appreciate the view and neighborhood.
Exterior Features

Exterior Stucco Fencing Partial Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 3

Interior Features

Cooling Other/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 1 Units With Dishwashers 0 Units With Dryers 3 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3

Property Features

Actual Cap Rate 0.0 Age Restrictions N/K Annual Expense Actual 0 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community PARADISE HILLS Complex Park none Cross Streets Rolling Hills Dr Gross Rent Multiplier Actual 0.0 Gross Scheduled Income Actual 0 Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Pets Yes Sales Restrictions N/K Security N/K Short Sale No Tenant Pays WaterCable TVElectricity Terms CashConventionalFHAVA Unit Number For Unit1 2852 Unit Number For Unit2 2848 Unit Number For Unit3 2850 Unit1 Deposit 3070 Unit1 Occupied Tenant Unit1 Projected Rent 3300.0 Unit1 Rent Actual 3070.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 2645.0 Unit2 Rent Actual 0.0 Unit3 Deposit 2125 Unit3 Occupied Tenant Unit3 Projected Rent 2125 Unit3 Rent Actual 2125.0

San Diego MLS logo Listing provided courtesy of Julie Adams of Real Broker: 619-481-0200. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Red Tree Realty
4138 Napier St.
San Diego CA, 92110