641 43 Morrison Street, San Diego, California 92102, San Diego, 92102 - bed, bath
641 43 Morrison Street
San Diego, California 92102
Property Price
SUMMARY
Analysis of 641 43 Morrison Street, San Diego, California 92102 is currently available with a list price of $1,095,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
This triplex presents a mixed bag of conditions. The newly built studio ADU (2024) is in excellent, modern condition with contemporary finishes in the kitchen and bathroom. However, the two original units, built in 1946, are significantly older. One unit appears to have received some updates, such as laminate flooring and fresh paint, but its kitchen features dated wood cabinets, mosaic tile backsplash, and white appliances, while the bathroom has dated tile work and a damaged tub panel, placing it in 'Fair' condition. The other original unit is in 'Poor' condition, characterized by very dated tile flooring, an old kitchen with missing cabinet components, a very outdated bathroom, and visible wall stains/wear. While the property benefits from recent functional upgrades like new water heaters in all units and a new roof on the middle unit, the overall interior quality of the older units, particularly the one in poor condition, brings the property's average condition to 'Fair'. Significant interior renovations would be required for the older units to match the quality of the new ADU and meet modern tenant expectations.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
As a triplex with a newly built, fully permitted ADU (2024), the property offers significant rental income potential and flexible occupancy arrangements.
- Recent Capital Improvements
Key upgrades include a new ADU (2024), new water heaters in all units, and a new roof on the middle unit, reducing immediate maintenance concerns.
- Strategic San Diego Location
Situated in Mount Hope, the property boasts excellent access to shops, major freeways, Balboa Park, downtown San Diego, and employment centers, ensuring steady renter interest.
CONSRISKS & DEFICIENCIES
- Age of Original Structures
Built in 1946, the original units may have older systems or require more extensive renovations beyond the mentioned upgrades to meet modern tenant expectations.
- Uncovered Parking Only
While plentiful, all 5 parking spaces are uncovered, which may be less desirable than covered parking options for some tenants.
- Unspecified Interior Condition of Older Units
The description highlights specific upgrades but does not detail the overall interior condition or recent renovations of the original 3-bed and 2-bed units, suggesting potential for dated aesthetics or future renovation needs.
About 641 43 Morrison Street
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. **Fully permitted ADU was built in 2024. All units have new water heaters. Middle unit has new roof.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1946
- Lot Size
- 6,098.4 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| 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 | 43 | 190 | 33% |
Pricing History
Listed for Sale
Jan 23, 2026
$1,095,000
Initial Listing