3528 Mission, San Diego, California 92109, San Diego, 92109 - 0 bed, 0 bath
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San Diego, California 92109
This triplex presents a High-Potential Investment Opportunity with a List Price of $2,250,000—positioned well above the $1,816,813 Fair Market Value. While the property requires significant capital expenditure due to its Condition Rating of 5, it offers a rare, active short-term rental license in a prime coastal location. The Triplex configuration and development potential provide a clear path for value-add strategies. This asset is best suited for Buy-and-Hold Investors or Real Estate Developers capable of navigating complex 1031 exchange requirements.
Property is extensive renovation needed.
Built in 1948 (76 years old) and sold in 'as-is' condition, the property features dated 'old world charm' like knotty wood paneling and only minor upgrades. The listing emphasizes 'development potential,' suggesting the structure is nearing the end of its functional life and requires a significant rehab or total redevelopment.
Situated just two parcels from the sand in the heart of Mission Beach, this property offers exceptional proximity to the ocean and high demand for coastal living.
The property comes with a rare and highly coveted short-term rental license, providing immediate high-yield revenue potential in a premier vacation destination.
With its 'old world charm' and triplex configuration, the property presents a significant opportunity for redevelopment or a value-add renovation to maximize market value.
The 1948 structure is being sold in 'as-is' condition, suggesting that significant capital expenditures may be required for modernization and repairs.
The requirement for a 1031 exchange and the presence of existing tenants with 'do not disturb' instructions may complicate the acquisition process and timeline.
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 2 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,749 | 1,683 | 50% |
| Lot Size | 2,479 | 3,981 | 50% |
| Price | $2.25M | $1.73M | 75% |
| Price per sq ft | $1.3K | $1.0K | 75% |
| Built year | 1948 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 132 | 25% |
Jun 1, 2026
$2,250,000
Initial Listing
May 18, 2004
$885,000
Public Record