4135-37 Chamoune Ave, San Diego, CA 92105 For Sale

Prime 5-Unit Investment Opportunity | Central San Diego Well-located 5-unit multifamily property in the heart of San Diego, offering a compelling blend of strong in-place income and immediate upside. The front structure is a detached 2BR/1BA single-family residence, while the rear building consists of a four-unit 1BR/1BA fourplex, providing a diverse unit mix attractive to a wide tenant base. The property totals 3,351 SF on a 6,248 SF lot and includes 6 surface parking spaces—a valuable amenity in this highly walkable, high-demand neighborhood. Ownership has maintained the asset well, with under-market rents across all units, allowing for near-term rent growth without major capital investment. Ideal for a 1031 exchange, portfolio expansion, or an owner-user seeking to live in one unit while generating income from the others. Excellent location, strong tenant demand, and clear value-add potential make this a standout multifamily opportunity.