3964 Manzanita Drive offers a solid triplex investment opportunity in a centrally located San Diego neighborhood. This property features separate entrances and functional layouts, making it well suited for consistent rental income or an owner-occupant strategy with supplemental cash flow. Each unit includes comfortable living spaces, practical kitchens, and well-proportioned bedrooms, providing broad tenant appeal. Off-street parking and shared outdoor space add everyday convenience and enhance rentability. With proximity to shopping, dining, schools, and major commuter routes, the property benefits from strong rental demand in the surrounding area. An attractive option for investors seeking stable income with long-term upside, or for buyers looking to offset housing costs through rental revenue. PAID SOLAR PANEL AND COIN OPERATED LAUNDRY.
For sale
Price cut: $50K (5/28)
$1,449,950
3964 Manzanita Dr, San Diego, CA 92105
8beds
--sqft
Multi Family
Built in 1960
-- sqft lot
$1,450,000 Zestimate®
$--/sqft
$-- HOA
What's special
Functional layoutsPaid solar panelSeparate entrancesPractical kitchensShared outdoor spaceComfortable living spacesOff-street parking
- 215 days |
- 114 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Roxanne Govari DRE #01319244 619-778-0577,
Pemberley Realty Inc.
Source: SDMLS,MLS#: 2601210
Originating MLS: SDMLS
Originating MLS: SDMLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Wall/Gravity
Cooling
- Other/Remarks
Interior area
- Total structure area: 3,000
Video & virtual tour
Property
Features
- Levels: 2 Story
- Fencing: Other/Remarks
Lot
- Size: 7,385 Square Feet
Details
- Parcel number: 4546202100
- Special conditions: Other/Remarks
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other/Remarks
- Roof: Other/Remarks
Condition
- Year built: 1960
Community & HOA
Community
- Security: Other/Remarks
- Subdivision: CITY HEIGHTS
Location
- Region: San Diego
Financial & listing details
- Tax assessed value: $398,848
- Annual tax amount: $5,551
- Date on market: 1/16/2026
- Listing terms: Cash,Conventional,FHA,VA
- Tenant pays: Other/Remarks
Estimated market value
$1,450,000
$1.38M - $1.52M
$2,565/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Price change | $1,449,950-3.3% |
Source:  SDMLS #2601210 Report a problem | ||
| 1/16/2026 | Listed for sale | $1,499,950 |
Source: SDMLS #2601210 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/2/2020 | Listing removed | $1,695 |
Source: Owner Report a problem | ||
| 2/6/2020 | Listed for rent | $1,695 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,551 +14.7% | $398,848 +2% |
| 2024 | $4,838 +2.3% | $391,029 +2% |
| 2023 | $4,731 +2.7% | $383,363 +2% |
| 2022 | $4,605 +0.7% | $375,847 +2% |
| 2021 | $4,574 +1.2% | $368,478 +1% |
| 2020 | $4,519 +2.6% | $364,700 +2% |
| 2019 | $4,405 +6.1% | $357,550 +2% |
| 2018 | $4,150 +2.4% | $350,541 +2% |
| 2017 | $4,052 +1.6% | $343,669 +2% |
| 2016 | $3,986 +1.5% | $336,932 +1.5% |
| 2015 | $3,928 +1.6% | $331,872 +2% |
| 2014 | $3,867 | $325,372 +0.5% |
| 2013 | -- | $323,903 +2% |
| 2012 | -- | $317,553 +2% |
| 2011 | -- | $311,327 +0.8% |
| 2010 | -- | $309,001 -0.2% |
| 2009 | -- | $309,736 +2% |
| 2008 | -- | $303,663 +2% |
| 2007 | -- | $297,710 +2% |
| 2006 | -- | $291,873 +2% |
| 2005 | -- | $286,151 +2% |
| 2004 | -- | $280,541 +1.9% |
| 2003 | -- | $275,400 +2% |
| 2002 | -- | $270,000 +162.3% |
| 2001 | -- | $102,950 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Azalea-Hollywood Park
Nearby schools
GreatSchools rating
- 8/10Rowan Elementary SchoolGrades: K-5Distance: 0.7 mi
- 2/10Clark Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Hoover High SchoolGrades: 9-12Distance: 1.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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