2805 State Street, San Diego, California 92103, San Diego, 92103 - 4 bed, 3 bath
2805 State Street
San Diego, California 92103
Property Price
SUMMARY
Analysis of 2805 State Street, San Diego, California 92103 is currently available with a list price of $1,625,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 1929, this triplex has undergone significant recent updates, including newer flooring, updated lighting, refreshed interiors, a newer roof, and newer siding, making it move-in ready. The main living areas feature well-maintained hardwood floors. While the kitchens are functional with basic appliances and refreshed cabinets, and one bathroom retains a dated but clean aesthetic (green pedestal sink, mosaic tile), these elements do not require immediate renovation. The property blends modern comfort with its original charm, and major systems appear to be in good working order or recently replaced, aligning with the 'Good' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Triplex
This versatile triplex offers the unique opportunity for an owner-occupier to live in one unit while generating rental income from the other two, providing significant financial flexibility.
- Prime Mission Hills Location
Nestled in one of San Diego's most desirable neighborhoods, the property is moments from local cafés, dining, boutique shopping, and Balboa Park, offering an exceptional urban lifestyle.
- Exceptional Development Potential
Located within a Complete Communities zone (FAR 6.5), the property holds incredible potential for future expansion or redevelopment, adding significant long-term value.
CONSRISKS & DEFICIENCIES
- Age-Related System Concerns
Built in 1929, while cosmetically updated, the property may still have older core systems (e.g., plumbing, electrical beyond lighting, HVAC) that could require future investment or upgrades not detailed in the description.
- Increased Management & Maintenance Burden
As a multi-unit triplex, the property inherently demands more active management and potentially higher ongoing maintenance costs and responsibilities compared to a single-family residence.
- Potential for Limited Private Outdoor Space
The description highlights parking and views but does not detail significant private outdoor living areas for each unit, which can be a drawback for some tenants or the owner-occupier in a multi-unit urban setting.
About 2805 State Street
Discover the perfect blend of character, flexibility, and modern comfort in this beautifully refreshed Mission Hills triplex. Ideal for an owner-occupier, this versatile property offers the opportunity to live in one unit and generate rental income from the others—all in one of San Diego’s most desirable neighborhoods. The property includes a 2-bedroom, 1-bath main home, a 1-bedroom, 1-bath second unit, and a studio third unit, each with its own private entrance. Thoughtfully maintained and recently updated, the property features newer flooring, updated lighting, refreshed interiors, a newer roof, and newer siding—showcasing pride of ownership while preserving its original Mission Hills charm. Enjoy ample parking with a 2-car garage plus generous driveway space, a true rarity in this area. Located within a Complete Communities zone (FAR 6.5), this home also offers incredible potential for expansion or redevelopment down the line. Nestled in the heart of Mission Hills, you’ll be moments from neighborhood cafés, local dining, boutique shopping, and Balboa Park—offering the best of San Diego’s urban lifestyle with a welcoming community feel.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1929
- Lot Size
- 5,917 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Washington Elementary School
Grades K-5 • 0.7 mi
Florence Elementary School
Grades K-5 • 1.1 mi
Birney Elementary School
Grades K-5 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | - | 67% |
| Baths | 3.0 | - | 67% |
| Square foot | 1,910 | 1,910 | 50% |
| Lot Size | 5,917 | 5,000 | 67% |
| Price | $1.62M | $1.62M | 50% |
| Price per sq ft | $851 | $844 | 67% |
| Built year | 1929 | 1929 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 131 | 212 | 33% |
Pricing History
Listed for Sale
Oct 27, 2025
$1,625,000
Initial Listing