Property Description

7% cap rate! Turnkey triplex in San Diego’s Golden Hill neighborhood, offering updated interiors, rental income, and long-term potential in an urban infill setting. The property features two 3-bedroom residences—1019 and 1017½—and one 2-bedroom residence at 1017. Since the current owner’s purchase, each unit has been upgraded with an in-unit washer and dryer and mini-split systems. The kitchens retain a fresh, modern appearance, complementing the move-in-ready interiors. Current gross scheduled rents total $8,950 per month, or $107,400 annualized, reflecting the recent rent adjustment for unit 1019. The three-unit configuration offers flexibility for an investor seeking an income property or a future owner-occupant looking to live in one residence and rent the others, subject to existing leases and occupancy availability. Located within an Opportunity Zone, the approximately 7,065-square-foot parcel also invites exploration of future development possibilities. Enjoy income today while evaluating the property’s long-term potential. Buyer to verify Opportunity Zone designation, zoning, development feasibility, and applicable approvals.

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Property Details