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    641 Morrison St San Diego, CA 92102

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    For Sale
    $1,095,000

    Income-producing triplex with ADU, strong rental performance, and central location.

    Lot size:
    0.14 Acres

    Property Features for 641 Morrison St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1946

    Source: Coldwell Banker Realty Agent Joe Gold

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mount Hope Income-Producing Triplex

    This income-producing triplex is located in Mount Hope. The property features a 3-bed/1-bath unit, a 2-bed/1-bath unit, and a fully permitted studio ADU. The fully occupied property yields a CAP rate of 5.6% based on the asking price. There is off-street parking available for six vehicles. The lot's R-2 zoning and configuration support varied use strategies. The fully permitted ADU was built in 2024. All units have new water heaters. The property is located minutes from freeways, downtown, and Balboa Park.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.1053285
    Latitude
    32.7123557

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    FAQs

    What type of property is this?
    Triplex - Income-producing triplex with ADU, strong rental performance, and central location.
    Where is this triplex located?
    The property is located at 641 Morrison St San Diego, CA.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: - Income-producing triplex with a **5.6% CAP rate.**; - **Fully permitted studio ADU built in 2024.**; - Central location near freeways, downtown, and Balboa Park.
    (858) 442-1061
    Request Owner's contact information
    641 Morrison St San Diego, CA 92102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    641 Morrison St San Diego, CA 92102
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