639 43 Morrison Street, San Diego, California 92102, San Diego, 92102 - 6 bed, 3 bath
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San Diego, California 92102
This Value-Add Residential Income Triplex represents a High-Potential Investment Opportunity listed at $1,095,000, which aligns with its $1,095,000 Fair Market Value. The asset features a Newly Built Studio ADU in excellent condition, while the two original 1946 units carry a Condition Rating of 4, providing a clear path for forced appreciation through targeted renovations. With 5 Off-Street Parking Spaces and a central location within the San Diego Unified district, the property is positioned for consistent rental demand. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hacking asset.
Property is moderate renovation needed.
The property, built in 1946, is a triplex with varying conditions across its units. The newly built studio ADU is in excellent, modern condition with new kitchen, bathroom, and flooring. However, one of the main units features a dated but functional kitchen with light wood cabinets, older white appliances, and granite-like counters, along with a bathroom showing wear and dated tiles. The other main unit is in poor condition, with a very outdated kitchen (old white cabinets, basic counters, older appliances), a basic and dated bathroom, and visible wall stains in a bedroom. While the ADU is a significant asset, the overall condition is pulled down by the two older units, one of which requires substantial rehabilitation and the other minor updates, preventing the property from being classified as 'Good' overall.
The property is a triplex with three separate units (3-bed, 2-bed, and a studio ADU), offering diverse rental income streams and flexibility for investors or owner-occupants.
Includes a newly built studio ADU, enhancing rental potential, property value, and providing modern living space.
Suitable for owner-occupants, investors, or those seeking additional living space, broadening its market appeal.
Built in 1946, the main units may require significant updates, maintenance, or capital expenditure to modernize systems and finishes.
While the ADU is new, the description does not specify recent renovations or modernizations for the two main units, suggesting they might be dated.
The property explicitly states 'view: None,' which could be a drawback for some prospective buyers or renters in a desirable San Diego location where views are often sought after.
Triplex located in San Diego’s Mount Hope neighborhood, offering flexibility for a variety of occupancy or rental arrangements. The property includes three separate units: a spacious 3-bed/1-bath, a 2-bed/1-bath, and a newly built studio ADU. The site features 5 uncovered off-street parking spaces that provide added convenience for occupants. The location offers access to nearby shops, local markets, major freeways, Balboa Park, downtown San Diego, and regional employment centers. The central setting supports steady interest from prospective renters. This property may be suitable for owner-occupants, investors, or those seeking additional living space. Buyers are advised to verify all measurements, income potential, zoning, and use possibilities with appropriate professionals and local agencies.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 67% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 2,006 | 1,440 | 67% |
| Lot Size | 6,098.4 | 6,098.4 | 50% |
| Price | $1.09M | $890.0K | 67% |
| Price per sq ft | $546 | $569 | 33% |
| Built year | 1946 | 1946 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 89 | 236 | 33% |
Jan 23, 2026
$1,095,000
Initial Listing