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4469-75 Altadena Avenue

San Diego, CA 92115
  • $1,460,000
  • STATUS: ACTIVE
  • ON SITE: 4 Days
  • ID#: 250000471
New On Site 4 Days Ago
UPDATED: 38 min ago
$1,460,000
  • 5
    BEDS
  • 0.09
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 1,945
    SQFT
  • $751
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2024
County:

School Ratings & Info

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 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 Diego’s iconic beaches, this property is ideally located to attract a wide range of tenants—from 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.

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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/159253972
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4469-75 Altadena Avenue San Diego, CA 92115

  • Price: $1,460,000
  • Status: ACTIVE
  • On Site: 4 Days
  • Updated: 38 min ago
  • ID#: 250000471
5
Beds
4
Baths
0
½ Baths
0.09
Acres
1,945
SQFT
$751
$/SQFT
2024
Built
Neighborhood:
San Diego State
County:
San Diego
Area:
San Diego (92115)
Property 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 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 Diego’s iconic beaches, this property is ideally located to attract a wide range of tenants—from 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.
Exterior Features

Exterior Wood/Stucco Fencing Partial Irrigation N/K Parking Garage Desc Unit1 Assigned Parking Garage Desc Unit2 Assigned Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 Assigned Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Uncovered Parking Non Garage Desc Unit3 None Known Parking Non Garage Desc Unit4 Uncovered Pool N/K Roof Composition Site Alley Access Spa N/K Topography Level Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 0 Units With Patios 0

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 4 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4 Water Heater Type Tankless

Property Features

Actual Cap Rate 4.1 Age Restrictions N/K Annual Expense Actual 12595 Association ID San Diego Association of REALTORS (SDAR) Buildings 3 Cfd Mello Roos Fee 0.0 Community TALMADGE Complex Park N/A Cross Streets Monroe Ave Gross Rent Multiplier Actual 19.0 Gross Rent Multiplier Project 14.0 Gross Scheduled Income Actual 76680 Gross Scheduled Income Project 102600 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Pets Yes Possession Close of Escrow Projected Cap Rate 5.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventionalFHA Unit Number For Unit1 4475 Unit Number For Unit2 4473 Unit Number For Unit3 4471 Unit Number4 4469 Unit1 Deposit 2050 Unit1 Occupied Tenant Unit1 Rent Actual 2210.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 2200.0 Unit2 Rent Actual 0.0 Unit3 Deposit 1875 Unit3 Occupied Tenant Unit3 Rent Actual 1970.0 Unit4 Deposit 2050 Unit4 Occupied Tenant Unit4 Rent Actual 2210.0 Water Meter on PropertyOther/Remarks

San Diego MLS logo Listing provided courtesy of Scott Ryan of Compass: 858-349-8272. 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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4138 Napier St.
San Diego CA, 92110