3528 Mission, San Diego, California 92109, San Diego, 92109 - 0 bed, 0 bath
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San Diego, California 92109
This triplex represents a High-Potential Investment Opportunity with a List Price of $2,195,000—positioned well above the $1,797,563 Fair Market Value by 22%. While the property requires significant capital for modernization due to its Condition Rating of 5, it offers a rare, high-yield Short-Term Rental License in a prime coastal location. Featuring a 2.5-car garage and private patio, this asset is a strategic acquisition for Buy-and-Hold Investors or Developers seeking to leverage the significant development potential near Mission Beach.
Property is extensive renovation needed.
Built in 1948, this 78-year-old triplex retains mostly original features including knotty pine paneling and dated finishes. While the listing mentions 'some upgrades' and a newer bathroom vanity is visible, the 'AS IS' condition, rusted exterior fixtures, and explicit mention of 'development potential' indicate the structure requires a significant rehab to meet modern standards.
Situated just two parcels from the sand in the heart of Mission Beach, this property offers an elite location with immediate access to the ocean and high desirability for tenants and vacationers.
This triplex includes a rare and hard-to-obtain short-term rental license, providing a significant competitive advantage and immediate high-yield income potential in a premier San Diego vacation market.
Featuring a 2.5-car garage plus additional parking across the street, the property addresses the most critical pain point in Mission Beach, significantly enhancing its market value and tenant appeal.
Built in 1948 and sold in 'as-is' condition, the property likely requires substantial capital investment for modernization and repairs to address its 'old world' state.
The requirement for a 1031 exchange and the disclosure of the listing broker's ownership interest may complicate negotiations and extend the closing timeline for potential buyers.
Location, Location, Location in Famous Mission Beach. Only Two (2) parcels from the soft sandy beach with gentle ocean breeze. Absentee owners will sell this triplex with old world charm, knotty wood paneling and hard wood floors. All beach amenities are close by. Upstairs contains 2 BD and 1 BTH. Down are 2 units with 1 BED and 1BTH and a court yard. Includes a 2.5 Garage space, plus common laundry area. Additional parking across the street. Some upgrades have been made. Property is being sold in “AS IS” condition. Currently leased to a Tenant with hard to come-by short term rental license (i.e. Airbnb). Has development potential. Seller requires an exchange at no cost to Buyer. Do not disturb Tenant. Call for additional information. One of the owners is a licensed agent. Listing Broker has an interest in the property.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades K-5 • 2.1 mi
Grades 6-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 1,749 | 1,962 |
| Lot Size | 2,479 | 7,200.5 |
| Price | $2.19M | $984.4K |
| Price per sq ft | $1.3K | $614 |
| Built year | 1948 | 1979 |
| HOA | $0 | $374 |
| Days on market | 51 | 43 |
Jun 6, 2026
$2,195,000
$2,250,000
-2% Price Drop
Initial Listing
Jun 1, 2026
$2,250,000
Initial Listing
May 18, 2004
$885,000
Public Record