4941 Gary St., San Diego, California 92115, San Diego, 92115 - 8 bed, 4 bath
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San Diego, California 92115
This Stabilized Multi-Unit Investment Asset is listed at $1,650,000, positioned right at its $1,650,000 Fair Market Value. Generating a robust $12,250 monthly rental income with leases secured through June 2026, the property offers immediate, predictable cash flow in the high-demand College Area. Maintaining a Good Condition Rating, the 8-bedroom layout includes a renovated main house and a modern ADU with a private entrance and dedicated patio. Proximity to Hearst Elementary School (10/10) ensures long-term desirability. This turnkey acquisition is ideal for Buy-and-Hold Investors or 1031 Exchange Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4941 Gary St. Subject | $1,650,000* List Price | 8 | 4 | 2,770 | $596 | - |
A 4917 Rockford Dr Sold | $1,750,000 | 8 | 4 | 2,442 | $717 | 0.4 mi |
B 6459 Richard St. Sold | $1,330,000 | 7 | 3 | 1,895 | $702 | 0.3 mi |
C 4928 30 64th St Active | $1,475,000 List Price | 8 | 3 | 2,076 | $711 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property, built in 1955, features two distinct units. The main house (4941 Gary) has been extensively renovated with updated kitchens (dark wood cabinets, granite countertops, stainless steel appliances) and bathrooms (travertine-style tiling, modern vanities), recessed lighting, and good quality flooring (tile and laminate). While the style of these renovations might be 5-15 years old, they are well-maintained and move-in ready. The ADU (6485 Montezuma) appears to be a much more recent construction or renovation, boasting a very modern aesthetic with white shaker cabinets, light countertops, subway tile backsplash, black stainless steel appliances, and contemporary bathrooms with walk-in showers. The ADU's condition is excellent, elevating the overall property quality. Considering both units, the property is move-in ready with no immediate renovations required, fitting the 'Good' category, with the ADU pushing it towards the higher end of this score.
Elementary School: Hearst Elementary School (10/10).
The property generates a substantial total rent of $12,250 per month, providing a strong and stabilized cash flow, making it an attractive investment opportunity.
Both the main house and the ADU are leased until June 2026, ensuring immediate and consistent revenue for the buyer without the immediate need for tenant placement.
Built in 1955, the property is nearly 70 years old. Without explicit mention of recent major renovations or system updates, there's a higher likelihood of needing future investments in plumbing, electrical, roofing, or other structural components.
The current list price of $1.725M represents a substantial increase from its $650,000 sale price in 2019, which may warrant a thorough review of recent comparable sales and the property's current condition to justify the valuation.
The property description emphasizes rental income and ADU features but lacks details regarding the interior condition, finishes, or any recent upgrades to either the main house or the ADU, potentially indicating dated aesthetics or systems.
College Area stabilized cash flow! 4941 Gary (main house) leased to June 2026 $6800/mo. 6485 Montezuma (ADU) leased to June 2026 $5450/mo total rent: $12,250/mo. Professional property management specializing in College Area in place if desired. Main house is single level and spacious 4bed/2Bath 1570sqft. ADU has a completely separate entrance from Montezuma with private driveway and parking. Each unit has its own dedicated yard space.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-6 • 0.8 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,770 | 1,777 |
| Lot Size | - | 6,600 |
| Price | $1.65M | $1.24M |
| Price per sq ft | $596 | $743 |
| Built year | 1955 | 1972 |
| HOA | $0 | $200 |
| Days on market | 192 | 39 |
Apr 26, 2026
$1,650,000
$1,725,000
-4% Price Drop
Initial Listing
Jan 11, 2026
$1,725,000
Initial Listing
Jun 12, 2019
$650,000
Public Record