
San Diego, California 92102
This Value-Add Residential Income Triplex is a High-Potential Investment Opportunity listed at $1,150,000, representing a stable entry point aligned with its $1,141,073 Fair Market Value. The property carries a Condition Rating of 5, featuring an unfinished 3BR/2BA front house that allows for significant forced appreciation upon completion. With two turnkey rear units, City Lights Views, and a Shared Courtyard near San Diego Unified Schools, this asset is positioned for high rental demand. This project is an ideal acquisition for Cash Buyers or Renovation-Focused Investors.
Property is extensive renovation needed.
While the two rear units of this triplex appear to be in good, updated condition with modern kitchens and flooring, the primary front house is currently unfinished and in a shell-like state. The interior of the front unit lacks flooring, finished electrical fixtures, and completed bathrooms, requiring substantial rehabilitation and construction to be made habitable. This significant deferred completion limits financing options and necessitates a major investment.
This triplex configuration, featuring a 3BR/2BA front house and two 2BR/1BA rear units, offers a total of seven bedrooms to maximize rental income in a high-demand San Diego market.
Situated near downtown San Diego and major freeways, the property provides excellent accessibility to shopping and restaurants, ensuring strong long-term tenant appeal and low vacancy rates.
The unfinished status of the front house allows an investor to customize finishes and build immediate equity, while the large shared courtyard and alley access provide rare urban amenities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6969, other record lot size in square feet = 7103.
The front 3BR/2BA unit is currently unfinished, requiring the buyer to commit substantial time, capital, and management to complete the project before it can generate full income.
Due to the incomplete state of the primary structure, the property likely requires a cash buyer or specialized renovation loan, significantly narrowing the pool of eligible purchasers.
3 units on one lot in a central location near freeways, shopping, downtown, and restaurants. The front house is a 3BR/2BA and is unfinished, giving the next owner a great start to complete the project. The two rear units are stacked, each offering 2BR/1BA. Each unit has its own private outdoor space, plus a large shared courtyard with fruit trees in the center. Alley access allows for possible parking. Great opportunity for an investor or cash buyer looking for value and potential.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 67% |
| Baths | 4.0 | 2.0 | 67% |
| Square foot | 2,600 | 1,440 | 67% |
| Lot Size | 6,969.6 | 6,969.6 | 50% |
| Price | $1.15M | $890.0K | 67% |
| Price per sq ft | $442 | $569 | 33% |
| Built year | 2000 | 1957 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 236 | 33% |
Apr 16, 2026
$1,150,000
Initial Listing