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$1,795,000
7 Beds ⋅ 3 Baths ⋅ 260023064 MLS
Value-add opportunity in󠃳󠂠󠂀󠂠󠃢󠂁󠂢󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃍󠂏 the heart of South Park: two detached single-family homes (4BD/2BA + 3BD/1BA) on one 6,406 SF RM-2-5 lot at 1747-1749 Fern St. Both homes carry active, increasingly scarce City of San Diego STR permits and operate as income-producing Airbnbs, delivering immediate cash flow from day one. Enjoy on-street plus rear-lot parking, tree-lined Craftsman charm, and a walk score to South Park's boutique shops, coffee houses, and acclaimed restaurant row along Fern & Grape St, minutes to Balboa Park, North Park, and Golden Hill. Unapproved ADU plans included for further upside. Offered at $1,795,000, a rare chance to own two turnkey income properties in this high barrier-to-entry submarket.

1747-1749 Fern St, Golden Hill

$2,199,000
5 Beds ⋅ 4 Baths ⋅ 260016994 MLS ⋅ 2911-15 Kalmia BLDG.
Nestled on a desirable street in the heart of South Park with second-story views of Downtown San Diego. Just minutes from Balboa Park and the world famous San Diego Zoo, 2911-15 Kalmia St offers a rare combination of timeless charm, thoughtful modern updates, and exceptional versatility. The main residence features 4 bed, 2.5 bath, and approximately 2,300 sqft of beautifully designed living space. Tastefully remodeled while preserving its original character, the home showcases energy efficient windows, central heating and air conditioning, and a solar system with 41 panels that power both homes plus an EV charger, delivering year round comfort and impressive energy savings. Period details, warm architectural touches, and a charming gazebo covered patio create inviting spaces for everyday living and entertaining. Privately situated on the property is a recently remodeled detached 1 bed, 1 bath guest house of approximately 520 sqft, providing the perfect space for extended family, overnight guests, a private home office, or independent living. With alley access and a generous 6,966 sqft lot, the property offers flexibility for a variety of lifestyles while still presenting future income or ownership possibilities. Located just moments from South Park's beloved cafes, restaurants, boutiques, and neighborhood parks offering golf, tennis, swimming, and baseball, this is a rare opportunity to own a beautifully maintained home that blends historic character with modern efficiency in one of San Diego's most soughtafter communities.

2911-15 Kalmia St, North Park

$1,795,000
3 Beds ⋅ 3 Baths ⋅ 260013283 MLS ⋅ Na BLDG.
Exceptional South Park Triplex with Income Upside and Development Potential. Rare opportunity to acquire a beautifully maintained three-unit income property in one of San Diego's most desirable urban neighborhoods. Located in the heart of South Park, just blocks from Balboa Park, this unique property offers a compelling combination of current cash flow, future rental upside, development potential, and the charm that makes South Park one of San Diego's most sought-after communities. The property consists of three well-maintained 1-bedroom residential units in a tranquil garden-like setting. Mature landscaping, abundant greenery, and private outdoor living spaces create an environment that feels more like a collection of individual homes than a traditional income property. Each residence enjoys its own private patio area, providing tenants with valuable outdoor space and enhanced privacy.The units have been meticulously maintained, each with in-unit washer/dryers, dishwashers, tankless hot water heaters, and separately metered utilities paid directly by the tenants (owner currently pays water service only). The property currently generates approximately $103,000 in annual gross rental income, with estimated market rents supporting potential gross income of approximately $112,000 annually, offering investors potential upside opportunities. Notably adding to the property's appeal is a 400 sf detached two-car garage with ADU potential (currently not included for tenants’ use) with City-approved architectural plans for future use as an office/workspace. South Park continues to be one of San Diego's most vibrant and enduring neighborhoods, known for its walkability, historic character, independent restaurants, neighborhood cafes, local boutiques, and proximity to Balboa Park, downtown San Diego, and major employment centers. Properties offering this combination of location, condition, income stability, and future upside are increasingly rare. Whether seeking a long-term investment, a value-add opportunity, or a property with potential for future owner-user flexibility, this exceptional South Park triplex offers a unique opportunity in one of San Diego's premier rental markets.

1936-40 Dale St, Golden Hill

$1,473,000
5 Beds ⋅ 3 Baths ⋅ 2600319 MLS
Located in one of San Diego’s most sought after neighborhoods, this corner lot home offers 1,884 square feet of elevated living with strong investment upside. Golden Hill and South Park are known for tree lined streets, boutique shops, local dining, and close proximity to Balboa Park, Little Italy, and downtown, with easy freeway access. Sun filled interiors feature an updated kitchen with quartz countertops and premium appliances, new flooring, and fresh interior paint. The primary suite captures beautiful views, while a downstairs bedroom provides added flexibility. A newer roof installed in 2022 and multiple upgrades offer confidence and comfort. Spacious yard, ample parking, R4 zoning, and a proven Airbnb setup create immediate income with long term potential. Just minutes to beaches and downtown, this property blends style, flexibility, and enduring value.

2804 C St, Golden Hill

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