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$ 1,549,000
Est. payment | /mo
7,792 Sqft Lot
$ 1,549,000
Est. payment | /mo
7,792 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision East San Diego
MLS Listing ID 250023914SD
HOA Y/N No
Year Built 1940
Lot Size 7,792 Sqft
Property Description
Unlock the full potential of this ideally located triplex in one of San Diego's most promising growth corridors. Situated on a nearly 8,000 SF lot with alley access, this income-generating property offers immediate cash flow and serious upside. Currently configured as a charming 1940s Spanish-style front home plus two rear units, the property generates $7,530/month in rental income. The front 3BD/2BA home leased at $3,590/month through 9/2025, with two updated 1BD/1BA units leased through 10/2025. Each unit features updated kitchens and baths, modern vinyl flooring, private fenced patios, and in-unit laundry. But the true value lies in what's next. The owner has completed architectural plans and surveys for a 950 SF 4th unit—a 2BD/1BA with an attached 2-car garage and 3 additional carport spaces off the alley. Plans are ready to submit for permits, and new zoning may allow for up to 6 units total. Whether you're looking to build out now or hold for future development, this is a rare opportunity to expand your portfolio in a high-demand rental area just minutes from SDSU, transit lines, and major redevelopment zones. Newer white reflective roofs (2018), updated interiors, and flexible layout also make this a great owner-occupant option—live in the front, build and cash-flow the back. Don't miss this chance to invest in long-term appreciation, passive income, and scalable development potential in a location poised for explosive growth. Unit Living Space divided approximately as follows per appraisal 2023 Main Home 6934 - 1002sf Middle (Smaller) Casita - 454sf Rear Casita (On Alley) - 550sf
Location
State CA
County San Diego
Area 92115 - San Diego
Building/Complex Name NA
Interior
Heating Electric, Natural Gas, Zoned
Cooling Heat Pump, Zoned
Fireplace No
Appliance Gas Water Heater
Exterior
Pool None
View Y/N Yes
View None
Private Pool No
Building
Lot Description Drip Irrigation/Bubblers, Sprinkler System
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4681612300
Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA
Listing Terms Cash, Conventional, Cal Vet Loan, FHA
Listed by Mike Acker • Hunter & Maddox Intl. Inc.
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Skip Barbour
Broker Associate | Lic# 795532