120 Willie James Jones Ave, San Diego, CA 92102
Triplex with value-add potential in San Diego Opportunity Zone.
- Added:
- Apr 24, 2026
- Days on Market:
- 55
- Last Refresh:
- Apr 24 at 3:47 pm
Property Features for 120 Willie James Jones Ave
General Information
- Standard status
- Active
- Size
- 1,796 SF
- Lot size
- 0.15 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1952
Listing agent Greg Flaherty (858) 692-0185
Listing office (858) 692-0185
Listing date Apr 24, 2026
Source Elliman
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 Greg Flaherty
HighLights
- Significant rental upside potential due to below‑market rents.
- Triplex on a large 6,592 sf lot offering multiple value‑add opportunities.
- Located in an Opportunity Zone which may provide potential tax benefits.
- Future development potential may be possible (buyer to verify).
- Convenient location with access to major transportation routes and urban amenities.
- Existing improvements total approximately 1,796 sq. ft. across three units.
Overview
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 | $48.5k | $27.00 |
| − Vacancy | −$2.5k | −$1.41 |
| EGI | $46.0k | $25.59 |
| − OpEx | −$13.8k | −$7.68 |
| NOI | $32.2k | $17.91 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.0884106
- Latitude
- 32.7045601