6459 Richard St., San Diego, California 92115, San Diego, 92115 - 7 bed, 3 bath
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San Diego, California 92115
This Turnkey Multi-Unit Investment Asset is listed at $1,450,000, representing a premium income opportunity in the SDSU corridor. While positioned above the $1,316,636 Fair Market Value, the property’s Exceptional Cash Flow of $9,820 per month justifies the acquisition price. The property features a Recently Renovated 4br/2ba main house and a 3br/1ba ADU, earning a Condition Rating of 2 with modern upgrades and a private Patio. Located within the San Diego Unified School District, this asset offers Stable Long-Term Leases through 2027, making it ideal for Buy-and-Hold Investors or Portfolio Diversifiers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6459 Richard St. Subject | $1,450,000* List Price | 7 | 3 | 1,895 | $694 | - |
A 4917 Rockford Dr Sold | $1,750,000 | 8 | 4 | 2,442 | $717 | 0.6 mi |
B 4928 30 64th St Active | $1,475,000 List Price | 8 | 3 | 2,076 | $711 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1952, the property has been recently and extensively fully renovated, as stated in the description and confirmed by the images. Both units feature modern LVP flooring, fresh paint, recessed lighting, and updated fixtures. The kitchens are new with white shaker cabinets, modern countertops (including a waterfall island in the main unit), black subway tile backsplashes, and new stainless steel appliances. The ADU also shows a modern mini-split AC system. All visible components appear new or virtually new, meeting current quality standards.
The property generates a substantial total monthly rent of $9820 from two units, making it a highly attractive investment for cash flow-focused buyers.
Comprising a main house (4br/2ba) and an attached ADU (3br/1ba), this property offers diversified rental income streams and increased rental potential.
Both units are secured with long-term leases until July 2027 (main house) and July 2026 (ADU), ensuring immediate and consistent income for an extended period.
Built in 1952, the property's underlying infrastructure, despite recent renovations, may still be original in some areas, potentially leading to future maintenance or upgrade costs for major systems.
With long-term leases firmly in place until 2026 and 2027, a buyer seeking immediate owner-occupancy would face significant delays or complex lease termination negotiations.
Its proximity to SDSU suggests a primary tenant base of students, which can entail specific management considerations, potentially higher turnover rates, and increased wear and tear compared to other rental demographics.
Cash flow property by SDSU. Main house (6459) 4br/2ba 1315 sqft and leased for $6100 to 7/16/2027 Attached, ADU (6457) 3br/1ba 568 sqft leased for $3820 to 7/28/2026 and then from 8/7/26 to 7/102027 $2950/mo. Both units are recently fully renovated.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 96% |
| Baths | 3.0 | 2.0 | 79% |
| Square foot | 1,895 | 1,296 | 83% |
| Lot Size | - | 6,099.2 | 24% |
| Price | $1.45M | $949.5K | 88% |
| Price per sq ft | $765 | $736 | 60% |
| Built year | 1952 | 1951 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 71 | 160 | 19% |
Feb 10, 2026
$1,450,000
Initial Listing