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4671 Terrace DrSan Diego, CA 92116

For Sale

$1,949,999

Smart Buyer Rebate $19,500

Prime Kensington San Diego investment property generating $8,800+ per month with all three units fully occupied by reliable, on-time tenants. This turnkey multi-unit income property in 92116 features a beautifully renovated 4 bedroom, 2 bathroom single-family home in front and a 1 bedroom, 1 bathroom (each) duplex at the rear that all cash flow - ideal for investors seeking strong cash flow or buyers looking to live in one unit and offset the mortgage with rental income. Achieve an estimated 5.5% cap rate with individually metered units, tenants paying utilities, and exceptionally low owner expenses. The property offers rare off-street parking for 8+ vehicles plus a 2-car garage, private patios for each unit. Located in the heart of Kensington, one of San Diego’s most desirable neighborhoods, just steps from Adams Avenue, residents enjoy walkable access to Kensington Cafe, Bleu Bohème, Clem’s Bottle House, boutiques, wine bars, and the historic Ken Cinema. Known for its Spanish Revival architecture, tree-lined streets, and strong rental demand, Kensington properties rarely hit the market. This is a rare opportunity to own a cash-flowing triplex in Kensington San Diego with value-add potential, strong in-place income, and prime location appeal.

Listed by Eric Meeler

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License #02086276

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Key Realty Group Inc.

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336-583-6235

Last updated February 19, 2026

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Source: CRMLS #260003809SD

Listing Facts

  • TypeMulti-family
  • NeighborhoodKensington
  • Days on Prevu27

Amenities

  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

02/17/2026
Listed by Key Realty Group Inc.
$1,949,999

Property Details for 4671 Terrace Dr

Exterior

Construction

  • Number Of Units Total: 3
  • Year Built: 1950

Measurements

  • Lot Size Acres: 0.14
  • Lot Size Area: 6,210
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6,210
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.5

Taxes

  • Parcel Number: 4406533100

Other

Location

  • Subdivision Name: Kensington

Utilities

Equipment

  • Cooling: Central Air, Wall/Window Unit(s)
  • Has Cooling: Yes
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 4671 Terrace Dr.

How does 4671 Terrace Dr compare to other multi-family homes in Kensington?

This multi-family home is listed 4% above the average price for multi-family homes in Kensington and has been on the market for 30 less days than the typical home in this area.

4671 Terrace Dr is a -bedroom multi-family home for sale in San Diego CA 92116. Listed on Prevu for 27 days at $1,949,999. This residence is located in Kensington. The median listing price for multi-family homes in this area is $2,099,999. Additional amenities include air conditioning and parking. Browse more 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.