6
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Listed by Joe Gold • Coldwell Banker Realty
$1,095,000
Est. payment /mo
Active
641 43 Morrison ST San Diego, CA 92102
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNDP2507400
Year Built 1946
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Income-producing triplex in Mount Hope offers strong rental performance and flexible tenant arrangements ideal for investors seeking both immediate cash flow and long-term appreciation. Tis fully occupied property features a 3-bed/1-bath, a 2-bed/1-bath, and a fully permitted studio ADU. Current yielding a CAP rate of 5.6% based on the asking price with opportunity for growth. This solid return is further supported by the property's central location, just minutes from freeways, downtown, and Balboa Park, adding tenant appeal and long-term growth potential. Off-street parking for six vehicles enhances resident convenience, while the lot's R-2 zoning and configuration support varied use strategies. Whether you're a seasoned investor or an owner-occupant looking to offset living costs, it combines stability, upside, and location in one package. **Fully permitted ADU was built in 2024. All units have new water heaters.
Location
State CA
County San Diego
Area 92102 - San Diego
Rooms
Kitchen Hood Over Range, Oven Range - Gas, Refrigerator, Oven - Electric
Exterior
Garage Spaces 6.0
Pool None
Building
Water Hot Water
Others
Tax ID 5460720700
Special Listing Condition Not Applicable
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