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Residential Income for sale : 6 bedrooms : 3560-64 Sydney Place in San Diego

3560-64 Sydney Place San Diego

Main Photo: Residential Income for sale : 6 bedrooms : 3560-64 Sydney Place in San Diegobanner
$1,995,000
Prop. Type:
Residential Income
MLS® Num:
260011934
Status:
Active
Bedrooms:
6
Bathrooms:
3
Year Built:
1999
Set on a breathtaking canyon rim in the heart of Normal Heights, this exceptional 3-unit property offers a rare opportunity to own a versatile income-producing compound with incredible views, privacy, and strong rental performance. Surrounded by the natural beauty of the canyon, the property creates a peaceful setting that feels worlds away while still being just moments from all of the restaurants, coffee shops, bars, and boutiques along Adams Avenue. Whether you are looking for a long-term investment, an owner-occupant opportunity, or a multi-generational living setup, this property delivers flexibility and value in one of San Diego’s most sought-after urban neighborhoods. The front single family home is filled with charm and character while embracing the stunning canyon scenery from the main living spaces and outdoor areas. Next to the main home are two newer construction units, each offering 2 bedrooms and 1 bathroom with thoughtfully designed floorplans, modern finishes, abundant natural light, and private living spaces that make them extremely attractive for tenants or guests. The newer units provide a more contemporary feel while complementing the overall character and setting of the property. When fully occupied, the property generated an impressive $124,560 per year in gross rental income, creating an outstanding opportunity for someone looking to offset their mortgage or build long-term wealth through real estate. Live in the single family home while renting out the two rear units for substantial supplemental income or make this your next trophy asset.
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
2
County Or Parish:
San Diego
Market Area:
Metro Uptown
Neighborhood Code:
Normal Heights
Name of Complex/Subdivision:
NORMAL HEIGHTS
Building Name:
NA
Total Building Area:
Switch units of measure2,326 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
6
Bathrooms:
3
Full Bathrooms:
3
Half Bathrooms:
0
Stories:
2 Story
Total Stories:
2
Year Built:
1999
Age (in years):
Switch units of measure27 year(s)
Short Sale:
false
Mello Roos Fee:
$0
Other Fees:
$0
Monthly Total Fees:
$0
Terms:
Cash, Conventional, FHA, VA
Cap Rate.:
4.25
Gross scheduled income:
124560.0
Other income actual:
0
Operating expense:
37368.0
Gross Rent Multiplier:
16.0
Number of Units:
3
Number of Units with Cooling:
3
Tenant pays:
Electricity, Gas/Propane
Unit Number for Unit 1:
3560
Unit Number for Unit 2:
3562
Unit Number for Unit 3:
3564
Projected Rent for Unit 1:
$3,000
Projected Rent for Unit 2:
$4,750
Projected Rent for Unit 3:
$3,100
View:
Mountains/Hills, Valley/Canyon
Special Listing Conditions:
N/K
Age Restrictions:
N/K
Construction Material:
Stucco
Lot Size:
Switch units of measure0.52 acre(s)
Parcel Number:
440-131-06-00
Cooling:
Central Forced Air, Wall/Window
Roof:
Composition
Security:
N/K
Zoning:
R-1:SINGLE
Fencing:
Partial
Listed by Keller Williams La Jolla
Data was last updated May 28, 2026 at 01:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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