Search
Two-Unit Duplex with Ocean Views
For Lease
$2,495,000

3365 State Street, San Diego, CA 92103

Two separately entered units feature period details, private outdoor areas, detached garages, and views toward the bay and Downtown.

Space SizeContact for details
Days on Market10

Property Features for 3365 State Street

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1937
Listing Agency: Compass
Listed By: Shakira Shahrir Del Fresno (shakira.delfresno@compass.com)
Source: Mrmurrieta
Added: Aug 14 Changed: Aug 21 Last Checked: Aug 23 at 6:27AM

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.

Built in 1937, this two-story duplex contains separately addressed residences with independent entrances. The lower unit at 3365 State Street offers 3 bedrooms, 2 baths, a dining room, hardwood floors, a sunken living room with a working fireplace, vintage bathroom tile, and built-in storage. The upper residence at 1341 W Thorn Street includes 2 bedrooms, 1.75 baths, a terrace, and a private balcony oriented toward west-facing views.

Additional improvements include a basement with exterior windows, a fenced and gated backyard, two fire pits, and two detached garages accommodating up to three cars. The property occupies the corner of State Street and W Thorn Street in South Mission Hills, north of Downtown San Diego and near Hillcrest, Little Italy, San Diego International Airport, and Old Town San Diego. Both units are tenant occupied.

Key Highlights

  • Two separately addressed units with individual entrances
  • Lower unit includes 3 bedrooms, 2 baths, dining room, hardwood floors, fireplace, and built‑ins
  • Upper unit offers 2 bedrooms, 1.75 baths, terrace, and private balcony

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Food Market Grocery & Convenience Store (Bike/Boat/Book/etc) Store Supermarket Restaurant Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,123
Businesses Nearby

Demographics for 92103, CA

33,311
Population
21,363
Households
1.6
Avg Household Size
42
Median Age
63%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,003
Density / Sq Mi
$96,887
Median Household Income
$69,732
Median Earnings
$2,020
Median Rent
$986,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Two separately entered units feature period details, private outdoor areas, detached garages, and views toward the bay and Downtown.
Where is this duplex located?
The property is located at 3365 State Street San Diego, CA.
What is the lease rate?
The lease rate is $2,495,000.
What are key features of this property?
This property features: Two separately addressed units with individual entrances; Lower unit includes 3 bedrooms, 2 baths, dining room, hardwood floors, fireplace, and built‑ins; Upper unit offers 2 bedrooms, 1.75 baths, terrace, and private balcony
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message