Two-Unit Duplex with Parking
New
For Sale
$849,900
3314 E St, San Diego, CA 92102
Mixed-use zoning accompanies two separately addressed one-bedroom residences.
Property Size1,354 SF
Price / SF$627.70
Days on Market3
Property Features for 3314 E St
General Information
Standard status
Active
Size
1,354 SF
Property subtype
Commercial
Zoning
mixed use
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Buildings
1
Units
2
Listed By:
Hannah Haller
(858) 374-1077
Source:
Elliman
Added: Sep 24
Last Checked: Sep 24 at 2:10PM
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 Hannah Haller
Investment Insights
Based on property information with market context.
This duplex contains two separate units, each with one bedroom and one bathroom, across 1,354 square feet. The property has two addresses, 3314 and 3316 E St, and mixed-use zoning. A custom cement driveway and parking pad provides space designed for work trucks, RVs, boats, and heavy equipment. Recent improvements include an automatic entry gate, a newer roof, and newer water heaters.
Located at 3314 E St in San Diego, the property has a Walk Score of 89, categorized as Very Walkable, a Bike Score of 60, categorized as Bikeable, and a Transit Score of 59, categorized as Good Transit. The two-unit layout and substantial vehicle parking area are the primary physical features of the property.
Located at 3314 E St in San Diego, the property has a Walk Score of 89, categorized as Very Walkable, a Bike Score of 60, categorized as Bikeable, and a Transit Score of 59, categorized as Good Transit. The two-unit layout and substantial vehicle parking area are the primary physical features of the property.
Key Highlights
- Two separate 1 bed/1 bath units totaling 1,354 square feet
- Mixed‑use zoning
- Two addresses: 3314‑3316 E St
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
$26,159
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
3.08%
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%
$523,180
$523.2K
Cap Rate 7%
$373,700
$373.7K
Cap Rate 9%
$290,656
$290.7K
Market Conditions
NOI Build-Up for 1,354 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
$45.5K $33.60/SF
− Vacancy
−$3.6K −$2.69/SF
EGI
$41.9K $30.91/SF
− OpEx
−$15.7K −$11.59/SF
NOI
$26.2K $19.32/SF
Area
San Diego, CA
Vacancy
8.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
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%
$523,180
Cap Rate 7%
$373,700
Cap Rate 9%
$290,656
Alternative Uses
Best Use
Mixed Use
$373.7K
$327.0K – $436.0K
NOI $26,159 @ 7.0% cap · market cap 3.08%
Second Best
Office B
$373.4K
$326.7K – $435.7K
NOI $26,139 @ 7.0% cap · market cap 3.08%
Theoretical Best
Specialty Retail
$534.8K
$467.9K – $623.9K
NOI $37,435 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 92102, CA
39,783
Population
15,622
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
80%
High-School Grad
4.5 sq mi
ZIP Area
8,841
Density / Sq Mi
$71,319
Median Household Income
$40,142
Median Earnings
$1,855
Median Rent
$646,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Diego, CA
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Frequently Asked Questions
What type of property is this?
Duplex - Mixed-use zoning accompanies two separately addressed one-bedroom residences.
Where is this duplex located?
The property is located at 3314 E St San Diego, CA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two separate 1 bed/1 bath units totaling 1,354 square feet; Mixed‑use zoning; Two addresses: 3314‑3316 E St
