CA > San Diego
San Diego, CA 92102,641 43 Morrison ST
San Diego, CA 92102,641 43 Morrison ST
San Diego, CA 92102,641 43 Morrison ST
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Lorenzo Vasquez

Lorenzo Vasquez

+1(559) 667-7612
$1,095,000
Est. payment /mo
6,098 Sqft Lot
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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2507400

HOA Y/N No

Year Built 1946

Lot Size 6,098 Sqft

Property Sub-Type Triplex

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

Zoning R-2:MINOR MULTIPLE

Interior

Fireplace No

Appliance Electric Oven, Gas Range, Refrigerator, Range Hood, Water Heater

Laundry See Remarks

Exterior

Pool None

Community Features Storm Drain(s), Sidewalks

View Y/N No

Accessibility Accessible Approach with Ramp

Total Parking Spaces 6

Private Pool No

Building

Lot Description Rectangular Lot

Story 1

New Construction No

Others

Senior Community No

Tax ID 5460720700

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2507400

Lease Land No

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CRMLS – RECore
Listed by Joe Gold Coldwell Banker Realty joe@joegoldhomes.com

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agent

Lorenzo Vasquez

+1(559) 667-7612

Agent | License ID: 02072805

Agent License ID: 02072805

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