641 43 Morrison Street, San Diego, CA 92102

Local realty services provided by:ERA North Orange County Real Estate
641 43 Morrison Street,San Diego, CA 92102
$1,095,000
Virtual Tour
  • - Beds
  • - Baths
  • 2,006 sq. ft.
  • Multi-family
  • Active
Listed by: joe gold
Office: coldwell banker realty
MLS#:NDP2507400
Source:CRMLS

Price summary

  • Price:$1,095,000
  • Price per sq. ft.:$545.86

About this home

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.

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Home facts

  • Year built:1946
  • Listing ID #:NDP2507400
  • Added:111 day(s) ago
  • Updated:November 15, 2025 at 11:44 AM

Rooms and interior

  • Living area:2,006 sq. ft.

Structure and exterior

  • Year built:1946
  • Building area:2,006 sq. ft.
  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$1,095,000
  • Price per sq. ft.:$545.86
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