Triplex with Three Two-Bed
For Sale
$999,999
3260-64 Steel St, San Diego, CA 92136
MULTI_FAMILY - San Diego, CA
Property Size2,208 SF
Lot Size0.16 Acres
Price / SF$452.90
Days on Market291
Property Features for 3260-64 Steel St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 2
Subdivision
Logan Heights
High school district
San Diego Unified
Standard status
Active
Size
2,208 SF
Lot size
0.16 Acres
Utilities
Water source
Public
Building Details
Year built
1956
Floors in Building
1
Flooring type
Hardwood, Tile
Listing Agency:
eXp of Greater Los Angeles, Inc
(760) 576-2335
Listed By:
Jim Bottrell
(760) 576-2335
Added: Nov 11, 2025
Changed: Aug 4
Last Checked: Aug 29 at 5:06PM
MLS# 11604966
Copyright © 2026 My State 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.
Welcome to 3260-64 Steel St, an income-producing triplex on a quiet corner lot in San Diego. The property offers three residential units, each laid out as two bedrooms and one bathroom, with practical, functional living spaces designed for everyday use. Interior finishes include hardwood and tile flooring, supported by public water service. The building was constructed in 1956 and is complemented by low-maintenance grounds intended to help control operating costs.
Residents benefit from dedicated off-street parking and an on-site setup that supports convenient day-to-day living. The surrounding area is described as a residential neighborhood with convenient access to dining, shopping, transit, and major freeways, helping support long-term tenant demand.
The property totals 2,208 square feet on a 0.1612-acre lot and is offered with no HOA.
Residents benefit from dedicated off-street parking and an on-site setup that supports convenient day-to-day living. The surrounding area is described as a residential neighborhood with convenient access to dining, shopping, transit, and major freeways, helping support long-term tenant demand.
The property totals 2,208 square feet on a 0.1612-acre lot and is offered with no HOA.
Key Highlights
- Three two‑bedroom, one‑bath units in a triplex setup
- 0.1612‑acre lot with quiet corner positioning in a residential area
- 2,208 SF total building size
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
$39,553
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
3.96%
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%
$791,060
$791.1K
Cap Rate 7%
$565,043
$565.0K
Cap Rate 9%
$439,478
$439.5K
Market Conditions
NOI Build-Up for 2,208 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
$59.6K $27.00/SF
− Vacancy
−$3.1K −$1.41/SF
EGI
$56.5K $25.59/SF
− OpEx
−$17.0K −$7.68/SF
NOI
$39.6K $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%
$791,060
Cap Rate 7%
$565,043
Cap Rate 9%
$439,478
Alternative Uses
Best Use
Multifamily LT 5
$565.0K
$494.4K – $659.2K
NOI $39,553 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$521.3K
$456.2K – $608.2K
NOI $36,494 @ 7.0% cap · market cap 3.65%
Theoretical Best
Specialty Retail
$872.1K
$763.1K – $1.02M
NOI $61,047 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
Explore this area
Business Placement
Demographics for 92136, CA
7,014
Population
27
Households
259.8
Avg Household Size
25
Median Age
29%
College-Educated
100%
High-School Grad
1.0 sq mi
ZIP Area
7,014
Density / Sq Mi
$30,946
Median Earnings
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex on a quiet corner lot with dedicated off-street parking and three two-bedroom, one-bath units, no HOA.
Where is this triplex located?
The property is located at 3260-64 Steel St San Diego, CA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Three two‑bedroom, one‑bath units in a triplex setup; 0.1612‑acre lot with quiet corner positioning in a residential area; 2,208 SF total building size
