Save to Favorites

Print

Share

Share via

Twitter

Facebook

Email

Email a Friend

Your Email

Friend's Email

Note

Are You Human? 1 + 1 =

PRICE $1,380,000 BEDS 1 BATHS 1 HOME SIZE n/a LOT SIZE 6,173 sqft Request More Info Schedule a Showing

4037 Winona Ave presents a compelling low-barrier to entry opportunity to acquire a 1980s-constructed multifamily asset in Central San Diego, one of the regions most demanded rental markets. At an attractive $1,380,000 purchase price, investors can acquire six income-producing units at a significantly lower price-per-unit basis than comparable 34 unit properties, without a proportional increase in acquisition cost. The property consists of six (6) identical 510 SF one-bedroom/one-bathroom units, each featuring efficient layouts and walk-in closets. Capital improvements have been completed selectively across the unit mix, creating a clear value-add runway. One unit was fully renovated in 2021 with shaker cabinetry, hard-surface countertops, LVP flooring, updated appliances, and a refinished bathroom. Three additional units received interior refreshes between 20232025, including new vinyl flooring, refinished cabinetry, and updated hardware. The remaining two units retain original finishes and exhibit heavy wear, presenting upside through renovation and rent repositioning. The water heater was replaced in 2024. Exterior facia, window trim, and all iron gating, railings, and security windows were painted in 2025. Constructed in 1982, the property sits on a 6,173 SF full-size lot and benefits from full ABS sewer lines, a single flat roof, and an all-concrete lot, resulting in a low-maintenance operating profile designed to minimize expenses and maximize long-term cash flow. Utility configuration includes seven gas meters, seven electric meters, and one water meter. The property also offers 11 off-street parking spaces, including six secured spaces in a gated rear lot, a notable amenity for tenants in this submarket. Residents enjoy proximity to many of San Diegos major employment and lifestyle centers, all within a 515 minute drive, including Downtown San Diego, North Park, Mission Valley, Fashion Valley, SDSU, USD, Naval Base San Diego, and Scripps Medical Center. The property offers excellent freeway connectivity via I-15, I-805, I-8, and SR-94, supporting strong tenant demand and long-term rental stability

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation ©2025 San Diego MLS®, Inc.

Properties on this website was last updated as recently as 12/31/25 10:14 AM PST.

This IDX solution is (c) Diverse Solutions 2025.