Joe McLaughlin / Broker Associate

My Office Listings

4205 Mason St.
Metro San Diego 92110

$1,995,000
Residential Income beds: 5 baths: 4.0 0 sq. ft. built: 1938

Main Photo: Residential Income for sale : 5 bedrooms : 4205 Mason St. in San Diego
Photo 1: Residential Income for sale : 5 bedrooms : 4205 Mason St. in San Diego
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Status:
Active
Prop. Type:
Residential Income
MLS® Num:
260009998
Bedrooms:
5
Bathrooms:
4
Year Built:
1938
A RARE Old Town investment and lifestyle opportunity across from Presidio Park. Ideally located in the heart of historic Old Town--One of San Diego's most visited destinations--this unique multiunit property offer exceptional flexibility for investors, owner-users, or those seeking a prime, short-term rental opportunity. Positioned directly across from Presidio Park with the San Diego Mission and walking trails, the property benefits from constant tourism, walkability, and unmatched local charm. Old Town consistently attracts more visitors than any other destination in San Diego, making this a highly desirable location for furnished or vacation rentals. The property features two units, newly built in 2024, with existing year-long leases (until Jan. 2027), providing immediate income. The upstairs home is a 3 bedroom, 2 full bath with lovely views and beautiful, clean finishes throughout. The downstairs unit is a 2 bedroom/2 bath and lovely kitchen. This unit was the 2 car garage converted into a comfortable and good-looking living space. There is a full fenced in yard with 2 gates on either side of the home. There is one outdoor patio space downstairs and an outdoor deck with great views for the top unit. This is the most convenient location in town and there is nothing you can't do from this well-thought-out compound in the heart of Old Town.
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
1
County Or Parish:
San Diego
Market Area:
Metro
Neighborhood Code:
Old Town
Name of Complex/Subdivision:
OLD TOWN
Building Name:
N/A
Total Building Area:
2,354 sq. ft.
Total Floor Area:
0 sq. ft.
Total Bedrooms:
5
Bathrooms:
4
Full Bathrooms:
4
Half Bathrooms:
0
Stories:
Split Level
Year Built:
1938
Age (in years):
88 year(s)
Short Sale:
false
Home Owner Fees:
$0
Home Owner Fees Include:
N/K
Mello Roos Fee:
$0
Other Fees:
$0
Other Fee Type:
N/K
Monthly Total Fees:
$0
Terms:
Cash, Conventional, VA
Cap Rate.:
2.26
Gross scheduled income:
85140.0
Other income actual:
0
Operating expense:
40000.0
Gross Rent Multiplier:
20.0
Number of Units:
2
Number of Units with Cooling:
2
Tenant pays:
Water, Cable TV, Electricity
Projected Rent for Unit 1:
$4,300
Projected Rent for Unit 2:
$2,795
Taylor Street to Juan Street, left on Mason.
Site Influences:
Corner Lot, Easement Access, Irregular Lot
View:
Bay, City, Evening Lights, Parklike
Complex Features:
BBQ, Biking/Hiking Trails
Special Listing Conditions:
N/K
Age Restrictions:
N/K
Miscellaneous:
Other/Remarks
Exposure Front:
Other/Remarks
Construction Material:
Stucco
Lot Size:
0 sq. ft.
Parcel Number:
442-661-02-00
Heating:
Forced Air Unit
Heating fuel:
Natural Gas
Cooling:
Central Forced Air
Utilities:
Sewer Connected
Spa Features:
N/K
Roof:
Composition
Security:
N/K
Irrigation:
N/K
Zoning:
R-3
Fencing:
Full, Gate
Possession Details:
Other/Remarks
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Data was last updated May 9, 2026 at 03:10 PM (UTC)
Area Statistics
Listings on market:
22
Avg list price:
$2,097,500
Min list price:
$1,045,000
Max list price:
$6,300,000
Avg days on market:
53
Min days on market:
9
Max days on market:
743
Avg price per sq.ft.:
$503
These statistics are generated based on the current listing's property type and located in Metro. Average values are derived using median calculations. This data is not produced by the MLS® system.
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 Multiple Listing Service, Inc. 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 © 2026 San Diego Multiple Listing Service, Inc.