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4205 Mason St.San Diego, CA 92110

For Sale

$1,995,000

Smart Buyer Rebate $19,950

A RARE Old Town investment and lifestyle opportunity across from Presidio Park. Ideally located in the heart of historic Old Town--One of San Diego's most visited destinations--this unique multiunit property offer exceptional flexibility for investors, owner-users, or those seeking a prime, short-term rental opportunity. Positioned directly across from Presidio Park with the San Diego Mission and walking trails, the property benefits from constant tourism, walkability, and unmatched local charm. Old Town consistently attracts more visitors than any other destination in San Diego, making this a highly desirable location for furnished or vacation rentals. The property features two units, newly built in 2024, with existing year-long leases (until Jan. 2027), providing immediate income. The upstairs home is a 3 bedroom, 2 full bath with lovely views and beautiful, clean finishes throughout. The downstairs unit is a 2 bedroom/2 bath and lovely kitchen. This unit was the 2 car garage converted into a comfortable and good-looking living space. There is a full fenced in yard with 2 gates on either side of the home. There is one outdoor patio space downstairs and an outdoor deck with great views for the top unit. This is the most convenient location in town and there is nothing you can't do from this well-thought-out compound in the heart of Old Town.

Listed by Lauren Gable

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License #01314235

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Compass

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619-778-4050

Listed by Natalia O'Toole

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License #02248599

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Compass

Last updated May 19, 2026

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Source: CRMLS #260009998SD

Listing Facts

  • TypeMulti-family
  • NeighborhoodMason
  • Days on Prevu50

Amenities

  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

04/27/2026
Listed by Compass
$1,995,000

Property Details for 4205 Mason St.

Exterior

Construction

  • Number Of Units Total: 2
  • Roof: Composition
  • Year Built: 1938

Features

  • View: Bay

Measurements

  • Lot Size Source: Assessor

Financial

Residential Income

  • Cap Rate: 2.26

Taxes

  • Parcel Number: 4426610200

Interior

Features

  • Spa: Yes

Other

Location

  • Subdivision Name: Old Town

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 4205 Mason St..

4205 Mason St. is a -bedroom multi-family home for sale in San Diego CA 92110. Listed on Prevu for 50 days at $1,995,000. This residence is located in San Diego. The median listing price for multi-family homes in this area is $2,295,000. The home offers air conditioning and parking. View other multi-family home listings in San Diego.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.