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 propertys 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 lots 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.
- Swimming Pool:
- N/K
- Country:
- US
- State:
- CA
- County:
- SD
- City:
- San Diego
- Zipcode:
- 92102
- Street:
- Morrison Street
- Street Number:
- 641
- Longitude:
- W118° 53' 40.8''
- Latitude:
- N32° 42' 44.5''
- Directions:
- Off 805 exit West on Market St. Right on Morrison.
- Office Name:
- Coldwell Banker Realty
- Agent Name:
- Joe Gold
- Number Of Units Total:
- 3
- Stories Total:
- 1
- List Agent Mls Id:
- CRP-109136
- List Office Mls Id:
- CRP-11871
- Listing Term:
- Cash,Conventional,FHA,VA
- Mls Status:
- ACTIVE
- Modification Timestamp:
- 2025-07-29T10:17:21Z
- Originating System Name:
- CRP
Residential Income
641 Morrison Street, San Diego, CA 92102
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- NDP2507400
- Price :
- $1,095,000
- Bedrooms :
- 5
- Bathrooms :
- 3
- Status :
- Active
- Property Sub Type :
- Res Income 2-4 Units
