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348 & 350 27th Street, San Diego, California 92102, San Diego, 92102 - 4 bed, 5 bath

348 home-pic-0
ACTIVE$1,635,000
348 & 350 27th Street, San Diego, California 92102
4Beds
5Baths
2,283Sqft
3,498Lot

Price Vs. Estimate

The estimated value ($1,541,120.205) is $93,879.795 (5%) lower than the list price ($1,635,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Modern Design: Built in 2022 with custom design and sleek modern finishes, offering a contemporary living experience with minimal immediate maintenance.
Top Cons:
Pricing Above Market Estimate: The current list price is 8% higher than the property's estimated value, which may require strong justification or lead to buyer resistance during negotiations.

Compared to the nearby listings

Price:$1.64M vs avg $800.0K (+$835,000)96%
Size:2,283 sqft vs avg 1,268 sqft94%
Price/sqft:$716 vs avg $72349%

More Insights

Built in 2022 (3 years old).
Condition: This property was newly constructed in 2022, making it virtually brand new. The images confirm a modern aesthetic with sleek finishes throughout. The kitchen features contemporary white cabinetry, dark countertops, a stylish vertical subway tile backsplash, and stainless steel appliances, all appearing in pristine condition. Bathrooms boast modern vanities, marble-look tiled showers with glass enclosures, and updated fixtures. Flooring is a consistent light-toned LVP/laminate, and lighting is recessed, contributing to a fresh, move-in ready feel with no signs of wear or deferred maintenance. This aligns perfectly with the 'Excellent' criteria for a newly built property with current quality standards.
Year Built
2022
Close
-
List price
$1.64M
Original List price
$1.68M
Price/Sqft
$716
HOA
-
Days on market
-
Sold On
-
MLS number
WS25169951
Home ConditionExcellent
Features
Excellent View: Bay, Bridge(s), City Lights, Neighborhood, Peek-A-Boo
Patio
ViewBay,Bridge(s),City Lights,Neighborhood,Peek-A-Boo

About this home

Welcome to this stunning newly constructed (2022) custom-designed triplex, ideally situated in the heart of San Diego’s historic Grant Hill neighborhood. This modern residence offers breathtaking views of the Coronado Bridge and San Diego Bay, along with an exceptional blend of luxury, comfort, and income potential. The main unit (#348) features 2 spacious bedrooms, 2.5 bathrooms, approximately 1,172 sq ft of living space, an open-concept floor plan with sleek modern finishes, a private backyard patio, and its own dedicated solar system. Perfect for owner-occupancy or premium rental. The second and third units (both addressed as #350) offer fantastic rental income potential. Unit 2, located on the ground level, includes 1 bedroom and 1 bathroom across approximately 527 sq ft. Unit 3, located on the upper level, features 1 bedroom and 1 bathroom with approximately 584 sq ft. Both units share a separate solar system and are currently being operated as successful Airbnb rentals, producing an impressive $55,713 in net income in 2024. This versatile triplex is perfect for multi-generational living or as a long-term investment property. Enjoy the convenience of being just minutes from Downtown San Diego, major freeways (I-5, I-15, and CA-94), shopping centers, popular restaurants, and beautiful local parks. Don't miss this incredible opportunity to own a nearly new, income-generating property in one of San Diego's most vibrant and up-and-coming neighborhoods. This is a must-see!

Condition Rating
Excellent
This property was newly constructed in 2022, making it virtually brand new. The images confirm a modern aesthetic with sleek finishes throughout. The kitchen features contemporary white cabinetry, dark countertops, a stylish vertical subway tile backsplash, and stainless steel appliances, all appearing in pristine condition. Bathrooms boast modern vanities, marble-look tiled showers with glass enclosures, and updated fixtures. Flooring is a consistent light-toned LVP/laminate, and lighting is recessed, contributing to a fresh, move-in ready feel with no signs of wear or deferred maintenance. This aligns perfectly with the 'Excellent' criteria for a newly built property with current quality standards.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2022 with custom design and sleek modern finishes, offering a contemporary living experience with minimal immediate maintenance.
Significant Income Potential: Two units are successfully operated as Airbnb rentals, generating an impressive $55,713 in net income in 2024, providing immediate cash flow or mortgage offset.
Prime Location & Panoramic Views: Ideally situated in San Diego’s historic Grant Hill neighborhood, minutes from Downtown, with breathtaking views of the Coronado Bridge and San Diego Bay.
Versatile Multi-Unit Configuration: This triplex offers flexible usage for owner-occupancy with rental income, multi-generational living, or as a robust long-term investment property.
Energy Efficiency: Equipped with two dedicated solar systems (one for the main unit, one for the others), significantly reducing utility costs and enhancing long-term value.

Cons

Pricing Above Market Estimate: The current list price is 8% higher than the property's estimated value, which may require strong justification or lead to buyer resistance during negotiations.
Modest Lot Size for Triplex: With a lot size of 3,498 sq ft for a triplex, there may be limitations on shared or private outdoor space, potentially impacting tenant appeal or future expansion possibilities.
Airbnb Management Demands: While profitable, the reliance on Airbnb for income requires active management and carries inherent risks of occupancy fluctuations and potential regulatory changes compared to traditional long-term leases.

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