$1,384,990
$115K PRICE DROP

Estimated payment $9,034/month

Total Views 7,858
5 Beds
4 Baths
2,508 Sq Ft
$552 Price per Sq Ft

Highlights

  • Private Yard
  • Laundry Room
  • No Heating
  • No HOA
  • Turnkey
  • 1-Story Property

About This Home

Here’s your chance to own a rare, income-producing triplex in a designated Opportunity Zone—offering potential tax benefits in one of San Diego’s most desirable and fast-evolving neighborhoods near the North Park/South Park border. Surrounded by walkable amenities and located in an area seeing significant growth and revitalization, this property is ideal for investors, house hackers, or those seeking multi-generational flexibility. The front home is a charming 3 bed / 1.5 bath craftsman, complete with a private gated yard, rose garden, and fruit trees (mulberry, pomegranate, apple, apricot, grapes, dragon fruit). It's a well-established Airbnb with repeat guests, generating strong income. The second unit is a 2 bed / 1 bath with a private entrance and outdoor space, perfect for long-term rental or extended family. The detached studio is fully remodeled with new systems, full bath, kitchenette, and mini-split—ideal as a short-term rental, guest suite, or home office. Recent upgrades include new roofs, main sewer line, two new permitted electric meters, separate laundry room with two washers/dryers, and leased solar, providing significant utility savings. A spa/hot tub with solar is included, helping drive a 30% boost in Airbnb income. The property is zoned R-3 with excellent rear access to three private parking spaces—a rare and valuable feature in this location. Whether you’re looking to live in one unit and rent the others, run a turn-key short-term rental portfolio, or hold for long-term appreciation, this property offers unmatched flexibility and upside. Located in an up-and-coming neighborhood seeing ongoing development and investment, this is a rare opportunity to secure a versatile asset in the heart of San Diego. Seller is open to concessions with the right offer—don’t miss this chance to add a standout property to your portfolio!

Listing Agent

Joseph Vahedi

eXp Realty of Southern CA Brokerage Email: joe@porchlightsocal.com License #02062354 Listed on: 04/24/2025

eXp Realty of Southern CA

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2016

Lot Details

  • 6,614 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Garden
  • Back and Front Yard

Home Design

  • Turnkey

Interior Spaces

  • 2,508 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot 08241
  • Tax Tract Number 1007
  • Assessor Parcel Number 4475820700

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,134
  • Insurance Expense $700
  • Maintenance Expense $150
  • Other Expense $1,531
  • Water Sewer Expense $1,980
  • Operating Expense $4,361
  • Gross Income $100,000
  • Net Operating Income $74,351

Property Details

Home Type

Multi-Family

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.50
  • Price Per Unit: 461663
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1980.00
  • Zoning: R-3:Restricted Multiple
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 4475820700
  • Year Built: 2016
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 552.23

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Yard
  • Lot Size: 6,614
  • Lot Size Sq Ft: 6614.00
  • Lot Size Acres: 0.1518

Multi Family

  • Electric Expense: 1134.00
  • Gross Income: 100000.00
  • Gross Scheduled Income: 100000.00
  • Insurance Expense: 700.00
  • Lot Size Area: 6614.0000 Square Feet
  • Maintenance Expense: 150.00
  • Net Operating Income: 74351.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Dishwasher: 1
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 5496.00
  • Other Expense: 1531.00
  • Other Expense Description: solar
  • Rent Control: No
  • Total Expenses: 4361.00

Tax Info

  • Tax Lot: 08241
  • Tax Tract Number: 001007

Map

Range of Values:

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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
07/25/2025 07/25/25 Price Changed $1,384,990 -3.1% $552 / Sq Ft
06/04/2025 06/04/25 Price Changed $1,429,990 -1.4% $570 / Sq Ft
05/23/2025 05/23/25 Price Changed $1,449,990 -3.3% $578 / Sq Ft
04/24/2025 04/24/25 For Sale $1,499,990 -- $598 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2503737

California Regional Multiple Listing Service (CRMLS)