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545 Radio

San Diego, CA 92114
  • $850,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: SB26085310
UPDATED: 54 min ago
$850,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Listing Agent(s): Anthony (Tony) Rogondino of Vista Sotheby’s International Realty (310-349-3000)


Description

Exceptional value-add opportunity featuring two homes on one lot with significant upside potential. This versatile property is ideal for investors seeking multiple income streams and future development opportunities. The front residence is a 3-bedroom, 1.5-bath home that was fully renovated in 2020, offering modern finishes and strong rental appeal. The rear unit is a well-maintained 2-bedroom, 1-bath home with washer and dryer hookups and a spacious private backyard, enhancing tenant desirability. Situated on a uniquely configured “L”-shaped lot, the property provides ample space for expansion, with additional land at the rear presenting potential for ADU development or other value-add projects (buyer to verify all possibilities and conduct their own due diligence). With its flexible layout, existing improvements, and development potential, this asset offers a compelling opportunity to increase cash flow, maximize land use, and drive long-term appreciation. Ideal for experienced investors looking to unlock additional value.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-18T13:33:57.157. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
www.bobkellyteam.com/homes/175763327
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545 Radio San Diego, CA 92114

  • Price: $850,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 54 min ago
  • ID#: SB26085310
0
Beds
0
Baths
0
½ Baths
0.44
Acres
1955
Built
Neighborhood:
Encanto
County:
San Diego
Area:
92114 - Encanto
Property Description
Exceptional value-add opportunity featuring two homes on one lot with significant upside potential. This versatile property is ideal for investors seeking multiple income streams and future development opportunities. The front residence is a 3-bedroom, 1.5-bath home that was fully renovated in 2020, offering modern finishes and strong rental appeal. The rear unit is a well-maintained 2-bedroom, 1-bath home with washer and dryer hookups and a spacious private backyard, enhancing tenant desirability. Situated on a uniquely configured “L”-shaped lot, the property provides ample space for expansion, with additional land at the rear presenting potential for ADU development or other value-add projects (buyer to verify all possibilities and conduct their own due diligence). With its flexible layout, existing improvements, and development potential, this asset offers a compelling opportunity to increase cash flow, maximize land use, and drive long-term appreciation. Ideal for experienced investors looking to unlock additional value.
Exterior Features

Carport Spaces 2 Carport YN Yes Entry Level 1 Entry Location front Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 2 Parking Features Driveway Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.18 Common Interest None Community Features Foothills Garage YN No Gross Income 57480 Gross Scheduled Income 57480 Insurance Expense 1065 Land Lease YN No Laundry Features Washer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 43991 New Construction YN No New Taxes Expense 10200 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 11765 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 4110 Trash Expense 0 Vacancy Allowance Rate 3 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-18T13:33:57.157. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
 
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The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties
2355 Northside Drive, Suite 180
San Diego CA, 92108
Listing Agent(s): Anthony (Tony) Rogondino of Vista Sotheby’s International Realty (310-349-3000)