Loads of character and investment potential in this well-maintained 8-unit apartment building located in the desirable Teralta Heights neighborhood of central San Diego! The centerpiece of the property is a spacious Townhouse-Style 3BR unit with a private balcony, direct access from an attached 1-car garage into the first-floor bedroom, and two additional bedrooms upstairs--perfect for an owner's unit or premium rental. The remaining seven 1BR/1BA units are situated on both the first and second levels, offering a mix of layouts and finishes. Several units have been updated with luxury vinyl plank and carpet flooring, granite kitchen countertops, and modern appliances including dishwashers, refrigerators, and range/ovens. Every unit has newer windows throughout, adding to efficiency and appeal. Parking is abundant and includes two 1-car garages, four covered carport spaces in the rear, and 5-8 uncovered spaces in the front. The property is securely gated for resident peace of mind. Excellent upside potential for investors to remodel units, enhance curb appeal, and/or increase rents for greater cash flow. Outstanding location near Teralta Park, local shops, and an exciting variety of restaurants and nightlife--all within walking distance. Convenient access to major freeways and the San Diego Trolley makes commuting a breeze, while the vibrant surrounding community adds to long-term rental demand. A rare opportunity to own a character-rich multi-unit property in a high-demand rental market!