705 W Pennsylvania Ave , San Diego, CA 92103
$1,997,000
Est. Payment: $10,893.03/mo
8 Bed
4 Bath
0.12 Acres
Status: Active | Days on site: 4
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SAND-60142 - SAND-606790
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House Description

Download the attached 15 page OM for additional information about this property! This attractive fourplex consisting of ample-sized two-bedroom units. The attractive property benefits from well executed building updates while still retaining desirable Mid-Century elements. The location at the southwest corner of Eagle Street and West Pennsylvania Avenue is tucked within an enclave primarily consisting of single-family homes. This quiet location is well north of the Lindbergh Field flight past and just south of the Mission Hills neighborhood retail district. The long-time owners have installed an updated main electrical panel, mini-split air conditioning units, dual-pane windows and recently completed full exterior painting. The classic kitchens include original Mid-Century two-tone tile counters. Other Mid-Century features include hardwood floors. This is a rare opportunity for an investor to acquire a building in a high caliber Mission Hills location. See Supplement regarding investment upside INVESTMENT UPSIDE: The long-time owner has operated the property with a primary emphasis on minimizing resident turnover. This presents an opportunity for a new owner to enhance rental revenues over time with or without additional capital improvements. The rental upside is approximately 22%. This includes renting the two-car garage that has been used by the owners for storage. Because the current owners have completed capital replacement work over time, a buyer need not feel pressure to undertake major property renovations. These will be optional based on the buyer’s requirements and investment plans. A buyer who is so inclined can upgrade unit interiors as units turn-over. Updating the kitchens and baths will significantly re-position the units up-market. This can be accomplished in an appropriate period style to avoid detracting from the Mid-Century ambiance. Installing in-unit laundry equipment might prove to be an economically viable option. While the ample-size floor plans are very livable as-is, a more adventurous investor might elect to enhance the perceived size of the units by partially opening the partition wall between the kitchens and living area.

Highlights

Listed by Robert Vallera , 858-458-3337 Vallera Investment Properties , 858-458-3337. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.12

Year Built

1949

County

San Diego

Area

92103 - Mission Hills

Neighborhood

Mission Hills

Listing ID

260023522SD

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:8
  • ▪ Bathrooms:4
Appliances:Gas Water Heater
Air Cond:Heat Pump
Fireplaces:

Exterior Features

Lot:No Land Lease
Lot Dimensions:50 x 104
Garage Capacity:0
Roof:Composition
Others:
  • ▪ Additional:2+ Total Units
Principal Interest
$10,893
Taxes
$1,273

Home Price

$1,997,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$399,400
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,893.03

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,893.03 $1,273.09 $0.00 $12,166.12
Yearly $130,716.37 $15,277.05 $0.00 $145,993.42
Total $3,921,491.06 $458,311.50 $0.00 $4,379,802.56

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Market insight data is pulled from the same city as the listing being viewed (San Diego, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-04T21:12:45.000Z

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