3966 Teak Street, San Diego, CA 92113

About this commercial property

5 CASH FLOWING UNITS IN SAN DIEGO! 5.83% and 11.74 GRM on CURRENT INCOME. Potential Creative Financing (inquire w/ listing agent). Excellent low maintenance property in a strong rental market! Front 2br/1bt cottage lives like a SFR w/ no shared walls, laundry, and outdoor space. Back building has 4 1bd/1bt units and front detached cottage 2bd/1bt. Roof has recently been replaced and all units have A/C and tankless water heaters. The property has recently upgraded units, low expenses due to updated systems (back roof, tankless water heaters), low maintenance landscaping, and detached 2br cottage provides an excellent opportunity for a buyer to live in front and rent out back or have solid rental property with sound fundamentals.

Listing description from the April 2025 sale, as reported to CRMLS.

Sale history

$1,500,000

Sold April 2025 · listed $1,490,000, on market March 2025 · MLS #250020376SD · Source: CRMLS

Listing Agent: Jordan Concepcion · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: Ruben Aceves · CA-RES

$1,500,000

Sold April 2025 · listed $1,490,000, on market March 2025 · MLS #250020377SD · Source: CRMLS

Listing Agent: Jordan Concepcion · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: Ruben Aceves · CA-RES

$1,015,000

Sold October 2021 · listed $1,069,000, orig. $1,099,000, on market June 2021 · MLS #210018070 · Source: CRMLS

Listing Agent: Terry Moore · Listing Office: Apartment Consultants, Inc. · Contact: 619-299-3000 · Bought with: Terry Moore · Apartment Consultants, Inc.

$339,500

Sold January 2013 · listed $350,000, on market August 2012 · MLS #120043338 · Source: CRMLS

Listing Agent: Marlene Watson · Listing Office: Allison James Estates & Homes · Contact: 866-463-5780 · Bought with: Farid Khayamian · Bita Hamidi, Broker

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