$1,995,000
PENDING

Estimated payment $12,624/month

Total Views 5,472
7 Beds
5 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

This fully renovated triplex at 1725-35 Edgemont St in San Diego’s desirable South Park neighborhood offers an exceptional investment opportunity with strong rental income potential and an assumable VA loan at 3.875%. The property includes three units: a detached 3BD/1.5BA rented for $4,150/month to great tenants, a 2BD/2BA currently occupied by the owner, and a 2BD/1BA operating as a successful Airbnb, generating $60K/year (after Airbnb fees and transient occupancy taxes). Recent updates include new appliances, electrical panels, a complete rewire for the 2bd units, AC/heat in all units, separate washers/dryers, dual-pane windows, a new large Tuffshed, turf and hardwood fencing for the front yard, and fresh exterior paint. With an asking price of $1,995,000 and a remaining VA loan balance of $1.676M, this property is perfect for an owner-occupier looking to live in one unit and rent the others, or for investors seeking a steady income stream. South Park is a vibrant, central area of San Diego, known for its charming atmosphere, local shops, and easy access to all the city has to offer. OM attached

Listing Agent

Jason Lee

Nara Advisors, Inc. License #02068011 Listed on: 03/25/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1933

Home Design

  • Composition Roof

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Assessor Parcel Number 539-306-05-00

Community Details

Overview

  • Association fees include exterior (landscaping)
  • 2 Buildings
  • 3 Units
  • South Park Community

Building Details

  • Net Operating Income $62,903

Property Details

Home Type

Multi-Family

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Elm St
  • Neighborhood: South Park
  • LP / Sq Ft: 23.75
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 1933
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Wall/Window
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: South Park
  • Home Owner Association Fee Includes: Exterior (Landscaping)

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 539-306-05-00

Rental Info

  • Tenant Pays: Sewer, Trash, Water, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 62903
  • Annual Expense Actual: 41408
  • Gross Rent Multiplier Actual: 18.0
  • Gross Rent Multiplier Projected: 15.0
  • Gross Sched Income Actual: 109800
  • Gross Sched Income Projected: 132000
  • Number Of Buildings: 2
  • Number Of Furnished Units: 3
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 Pending -- -- --
06/09/2025 06/09/25 For Sale $1,995,000 0.0% --
04/18/2025 04/18/25 Pending -- -- --
04/15/2025 04/15/25 For Sale $1,995,000 0.0% --
04/03/2025 04/03/25 Pending -- -- --
03/25/2025 03/25/25 For Sale $1,995,000 -- --
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250022434

San Diego MLS