Triplex with Detached
For Sale
$998,500
Pending
1967-1969 Harrison, San Diego, CA 92113
Residential Income, San Diego, CA
Property Size2,350 SF
Lot Size0.17 Acres
Days on Market97
Property Features for 1967-1969 Harrison
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 6, Bathroom 2, Bathroom 1, Bedroom 7, Bedroom 2
Pets allowed
Yes
Subdivision
LOGAN HEIGHTS
Standard status
Pending
APN
538-130-21-00
Size
2,350 SF
Lot size
0.17 Acres
Building Details
Year built
1917
Floors in Building
1
Number of units
3
Roof type
Composition
Listing Agency:
Coldwell Banker West · Coldwell Banker Real Estate
(619) 325-4100
Listed By:
Cristina Neighbor · License #01373282
(619) 241-5630
Added: Jun 23
Changed: Sep 13
Last Checked: Sep 27 at 4:06AM
MLS# 260015224
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 triplex includes a 3BR/1BA house and two detached 2BR/1BA cottages, providing three separate residential units within a 2,350-square-foot property. The improvements were built in 1917 and sit on a 7,512-square-foot lot with composition roofing.
The property is in San Diego near Downtown San Diego, the Gaslamp Quarter, Petco Park, and the Coronado Bridge. Trolley service, Chicano Park, shopping, dining, entertainment, and major Navy installations are also identified nearby. The configuration supports rental-income use or occupancy of one residence alongside the other units.
The property is in San Diego near Downtown San Diego, the Gaslamp Quarter, Petco Park, and the Coronado Bridge. Trolley service, Chicano Park, shopping, dining, entertainment, and major Navy installations are also identified nearby. The configuration supports rental-income use or occupancy of one residence alongside the other units.
Key Highlights
- Three‑unit configuration with one 3BR/1BA house and two detached 2BR/1BA cottages
- 2,350 square feet of property improvements on a 7,512‑square‑foot lot
- Built in 1917
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,097
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$841,940
$841.9K
Cap Rate 7%
$601,386
$601.4K
Cap Rate 9%
$467,744
$467.7K
Market Conditions
NOI Build-Up for 2,350 SF
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.
Gross rent
$63.5K $27.00/SF
− Vacancy
−$3.3K −$1.41/SF
EGI
$60.1K $25.59/SF
− OpEx
−$18.0K −$7.68/SF
NOI
$42.1K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$841,940
Cap Rate 7%
$601,386
Cap Rate 9%
$467,744
Alternative Uses
Best Use
Multifamily LT 5
$601.4K
$526.2K – $701.6K
NOI $42,097 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$554.9K
$485.5K – $647.4K
NOI $38,841 @ 7.0% cap · market cap 3.89%
Theoretical Best
Specialty Retail
$928.2K
$812.2K – $1.08M
NOI $64,973 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 92113, CA
50,457
Population
14,443
Households
3.5
Avg Household Size
32
Median Age
11%
College-Educated
69%
High-School Grad
4.5 sq mi
ZIP Area
11,213
Density / Sq Mi
$59,177
Median Household Income
$31,099
Median Earnings
$1,608
Median Rent
$559,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences combine historic character with flexible rental or owner-occupant use.
Where is this triplex located?
The property is located at 1967-1969 Harrison San Diego, CA.
What is the asking price?
The asking price for this property is $998,500.
What are key features of this property?
This property features: Three‑unit configuration with one 3BR/1BA house and two detached 2BR/1BA cottages; 2,350 square feet of property improvements on a 7,512‑square‑foot lot; Built in 1917
