Three-Unit Income
1134-1138 Atwater San Diego, CA 92154
For Sale
Contact for pricing
Three fully upgraded residences on one lot, including a converted garage studio and a brand-new two-story ADU with solar.
Property Size3,332 SF
Price / SF$479.86
Days on Market125
Property Features for 1134-1138 Atwater
General Information
- Standard status
- Active
- Size
- 3,332 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1958
Listing Agency:
Compass
Listed By:
Carlos Pastrana · License #01773220
Source:
Crexi
Added: Mar 24
Changed: Jul 23
Last Checked: Jul 25 at 9:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This property features three income-producing residences on a single lot, presented as a fully transformed multi-unit home. The main residence has been renovated from top to bottom with modern finishes. In addition, a converted garage studio provides an extra, self-contained living space.
A brand-new two-story ADU anchors the site and includes its own solar system, designed for long-term, low-maintenance operation. The offering is located at 1134–1138 Atwater, San Diego, CA 92154.
A brand-new two-story ADU anchors the site and includes its own solar system, designed for long-term, low-maintenance operation. The offering is located at 1134–1138 Atwater, San Diego, CA 92154.
Key Highlights
- 3 fully upgraded income‑producing residences on one lot
- Converted garage studio provides additional independent living or work space
- Brand‑new two‑story ADU built with its own solar system
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 | $102.0k | $30.60 |
| − Vacancy | −$5.3k | −$1.59 |
| EGI | $96.7k | $29.01 |
| − OpEx | −$29.0k | −$8.70 |
| NOI | $67.7k | $20.31 |
3,332 SF · lease $30.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$966.6K
$845.8K – $1.13M
NOI $67,660 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$897.2K
$785.1K – $1.05M
NOI $62,807 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,487 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three fully upgraded residences on one lot, including a converted garage studio and a brand-new two-story ADU with solar.
Where is this triplex located?
The property is located at 1134-1138 Atwater San Diego, CA.
What is the asking price?
The asking price for this property is $1,598,888.
What are key features of this property?
This property features: 3 fully upgraded income‑producing residences on one lot; Converted garage studio provides additional independent living or work space; Brand‑new two‑story ADU built with its own solar system
