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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 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 youre 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.

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641 43 Morrison Street

San Diego, California, 92102, United States

2,006 Sqft
$1,095,000
Listing ID #1903550
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 1903550
Ref ID : b7cfc509-eb6a-43d3-92a3-0475d9ed4ee0
Price : $1,095,000
Square Footage : 2,006 Sqft
Lot Area : 6,098.40 Sqft
MLS : NDP2507400
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