$1,395,000
$105K PRICE DROP

Estimated payment $8,981/month

Total Views 4,288
3 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Partially Fenced Property
  • Garfield Elementary Rated A-
  • 1-Story Property

About This Home

Turnkey Triplex in Prime University Heights! This beautifully maintained 3-unit property offers immediate cash flow with units rented but room for rental increase for upside potential. The property includes a charming 2BR/1BA front house and two additional units (1BR/1BA and Studio/1BA). Originally built in 1932, this triplex retains its vintage charm while boasting modern upgrades including stainless steel appliances, granite counters, updated flooring, and fresh paint. Major capital improvements—roof, dual-pane windows, and stucco—completed within the last 8 years—reduce future maintenance costs. The detached garage offers extra storage and the driveway offers exclusive parking, although non metered street parking is available as well. Curb appeal shines with mature palm trees, and the unbeatable location in University Heights with a walk score of 92! Balboa Park, freeways, shopping, dining and more in this up and coming urban area of San Diego!

Listing Agent

Sasha Rumpel

Real Broker License #01935249 Listed on: 07/12/2025

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 5,249 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Clay Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 4460311000

Community Details

Overview

  • 3 Buildings
  • 3 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $57,555

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Madison
  • Neighborhood: University Heights
  • LP / Sq Ft: 21.39
  • Stories: 1 Story
  • Total Stories: 1
  • Year Built: 1932
  • 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: Stucco
  • Fencing: Partial
  • Roof: Tile/Clay

Utilities

  • Sewer/Septic: Sewer Connected

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: UNIVERSITY HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 4460311000
  • Estimated Lot Sq Ft: 5249

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 57555
  • Annual Expense Actual: 19185
  • Annual Expense Projected: 11511
  • Gross Rent Multiplier Actual: 17.0
  • Gross Sched Income Actual: 76740
  • Number Of Buildings: 3
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 1

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
08/20/2025 08/20/25 Price Changed $1,395,000 -7.0% --
07/12/2025 07/12/25 For Sale $1,500,000 -- --
Source: San Diego MLS

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Source: San Diego MLS

MLS Number: 250033282

San Diego MLS