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.
Property Details
Price:
$1,095,000
MLS #:
NDP2507400
Status:
Active
Baths:
0
Address:
641 Morrison Street
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
92102sandiego
City:
San Diego
Listed Date:
Jul 27, 2025
State:
CA
ZIP:
92102
Lot Size:
6,098 sqft / 0.14 acres (approx)
Year Built:
1946
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Schools
Interior
Accessibility Features
Ramp – Main Level
Appliances
Electric Oven, Gas Range, Range Hood, Refrigerator, Water Heater
Exterior
Community Features
Sidewalks, Storm Drains
Garage Spaces
0.00
Lot Features
Rectangular Lot
Parking Spots
6.00
Pool Features
None
Stories Total
1
Financial
Association Fee
0.00
Map
Community
- Address641 Morrison Street San Diego CA
- Area92102 – San Diego
- CitySan Diego
- CountySan Diego
- Zip Code92102
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641 Morrison Street
San Diego, CA
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