Corner-Lot Residential Income
1815 Mission Cliff Dr San Diego, CA 92116
1815 Mission Cliff Dr, San Diego, CA, 92116
$1,685,000
Pending
For Sale
$1,685,000
Pending
MULTI_FAMILY - San Diego, CA
Property Size2,860 SF
Lot Size0.13 Acres
Days on Market99
Property Features for 1815 Mission Cliff Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2:MINOR
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5
- Exterior features
- Corner Lot, Public Street
- Fireplace
- 1
- Standard status
- Pending
- APN
- 438-113-14-00
- Size
- 2,860 SF
- Lot size
- 0.13 Acres
Utilities
- Heating system
- Fireplace(s), Gravity
- Cooling system
- Heat Pump
Building Details
- Year built
- 1946
- Floors in Building
- 1
- Number of units
- 3
- Roof type
- Composition
Listing Agency
The Castro Group
(619) 282-4663
4711 Vista Street, San Diego, CA
Listed by
Marty Castro · License #01335276
(619) 820-4663
Added: Apr 11 Checked: Jul 18 at 3:06 am
MLS# 260008607
Listing URL
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This corner-lot residential income triplex includes three well-appointed units: two spacious 2-bedroom, 1-bath units and a separate 700-square-foot 1-bedroom ADU with a built-in Murphy bed. Each unit is supported by off-street parking and its own designated outdoor space. Recent major improvements include the roof, electrical, plumbing, and foundation, designed to reduce near-term capital needs for an operator or owner.
Set in the Historic Landmark District of Old Trolley Barn Park, the property benefits from a park-adjacent setting described as peaceful and private. The park is about a two-minute stroll away, and the area supports a neighborhood lifestyle with walkable access to restaurants, bars, and shopping, along with a quick bike ride to Hillcrest.
The unit mix offers flexibility for a range of tenant profiles, from 2-bedroom households to a smaller 1-bedroom option with the ADU’s built-in Murphy bed for added functionality. The ADU is also described as having the potential to be split off from the duplex and sold as a separate parcel with a survey, providing additional optionality for future planning. Zoning is R-2:MINOR, and the property includes a total of three rental units.
Set in the Historic Landmark District of Old Trolley Barn Park, the property benefits from a park-adjacent setting described as peaceful and private. The park is about a two-minute stroll away, and the area supports a neighborhood lifestyle with walkable access to restaurants, bars, and shopping, along with a quick bike ride to Hillcrest.
The unit mix offers flexibility for a range of tenant profiles, from 2-bedroom households to a smaller 1-bedroom option with the ADU’s built-in Murphy bed for added functionality. The ADU is also described as having the potential to be split off from the duplex and sold as a separate parcel with a survey, providing additional optionality for future planning. Zoning is R-2:MINOR, and the property includes a total of three rental units.
Key Highlights
- Three‑unit property on a corner lot in the Historic Landmark District of Old Trolley Barn Park
- Includes two 2‑bed, 1‑bath units (approx. 1,080 SF each) plus a 700 SF 1‑bedroom ADU
- Each unit has off‑street parking and its own designated outdoor space
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.2k | $27.00 |
| − Vacancy | −$4.0k | −$1.41 |
| EGI | $73.2k | $25.59 |
| − OpEx | −$22.0k | −$7.68 |
| NOI | $51.2k | $17.91 |
2,860 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$731.9K
$640.4K – $853.9K
NOI $51,232 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$675.3K
$590.9K – $787.8K
NOI $47,270 @ 7.0% cap · market cap 2.81%
Theoretical Best
Specialty Retail
$1.13M
$988.4K – $1.32M
NOI $79,073 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three rental units with off-street parking and private outdoor space, plus significant roof, electrical, plumbing, and foundation improvements.
Where is this triplex located?
The property is located at 1815 Mission Cliff Dr San Diego, CA.
What is the asking price?
The asking price for this property is $1,685,000.
What are key features of this property?
This property features: Three‑unit property on a corner lot in the Historic Landmark District of Old Trolley Barn Park; Includes two 2‑bed, 1‑bath units (approx. 1,080 SF each) plus a 700 SF 1‑bedroom ADU; Each unit has off‑street parking and its own designated outdoor space
