Fully Permitted Triplex with
1610-12 Dahlia Avenue San Diego, CA 92154
For Sale
Contact for pricing
Three newly renovated permitted units, including a studio ADU, offer flexible live-or-lease options.
Property Size2,100 SF
Price / SF$523.33
Days on Market55
Property Features for 1610-12 Dahlia Avenue
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1959
Listing Agency:
eXp Realty of California, Inc.
Listed By:
Benjamin Smith · License #02176703
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 24 at 5:29PM
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 eXp Realty of California, Inc.
Investment Insights
Based on property information with market context.
This fully permitted three-unit property includes two 2-bedroom, 1-bath homes and a permitted studio ADU on a single oversized lot. The two front and back residences are each approximately 850 sq. ft. and feature full kitchens, dining areas, and private yards—one yard at the front home and one at the rear home. Behind them is a true permitted 400 sq. ft. studio ADU with its own private entrance. The entire property has been newly renovated and is fully gated.
The setup is located just minutes from the sand, with convenient access to the 5 and a short hop to Coronado. The beach is within walking distance, supporting both coastal living and flexible rental use.
Tenancy is structured to accommodate multiple strategies. One of the 2-bedroom units and the studio ADU are currently vacant, while the second 2-bedroom unit is leased month to month. That combination gives an owner options to move in while another unit produces income, reset vacant spaces as desired, or operate all three units as rentals. Shown by appointment only.
The setup is located just minutes from the sand, with convenient access to the 5 and a short hop to Coronado. The beach is within walking distance, supporting both coastal living and flexible rental use.
Tenancy is structured to accommodate multiple strategies. One of the 2-bedroom units and the studio ADU are currently vacant, while the second 2-bedroom unit is leased month to month. That combination gives an owner options to move in while another unit produces income, reset vacant spaces as desired, or operate all three units as rentals. Shown by appointment only.
Key Highlights
- Three fully permitted, newly renovated units on one oversized lot (built 1959).
- Two 2 bed / 1 bath homes, each with a full kitchen and dining area, plus private yards (850 SF each).
- Permitted 400 SF studio ADU at the rear with its own private entrance.
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 | $64.3k | $30.60 |
| − Vacancy | −$3.3k | −$1.59 |
| EGI | $60.9k | $29.01 |
| − OpEx | −$18.3k | −$8.70 |
| NOI | $42.6k | $20.31 |
2,100 SF · lease $30.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$609.2K
$533.0K – $710.7K
NOI $42,643 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$565.5K
$494.8K – $659.7K
NOI $39,584 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$751.7K
$657.7K – $877.0K
NOI $52,618 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three newly renovated permitted units, including a studio ADU, offer flexible live-or-lease options.
Where is this triplex located?
The property is located at 1610-12 Dahlia Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Three fully permitted, newly renovated units on one oversized lot (built 1959).; Two 2 bed / 1 bath homes, each with a full kitchen and dining area, plus private yards (850 SF each).; Permitted 400 SF studio ADU at the rear with its own private entrance.
