Triplex Corner
New
For Sale
$1,649,000
1815 Mission Cliff Dr, San Diego, CA 92116
MULTI_FAMILY - San Diego, CA
Property Size2,860 SF
Lot Size0.13 Acres
Price / SF$576.57
Days on Market2
Property Features for 1815 Mission Cliff Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2:MINOR
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 5, Bathroom 1
Exterior features
Corner Lot, Public Street
Fireplace
1
Subdivision
UNIVERSITY HEIGHTS
View
Park
Standard status
Active
APN
438-113-14-00
Size
2,860 SF
Lot size
0.13 Acres
Utilities
Heating system
Gravity, Fireplace(s)
Cooling system
Heat Pump
Building Details
Year built
1946
Floors in Building
1
Number of units
3
Roof type
Composition
Listing Agency:
The Castro Group · Help-U-Sell Real Estate
(619) 282-4663
Listed By:
Marty Castro · License #01335276
(619) 820-4663
Added: Jul 31
Changed: Aug 1
Last Checked: Aug 1 at 3:06PM
MLS# 260018736
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Corner-lot triplex on a public street offering three well-appointed units: two spacious 2-bedroom, 1-bath units (approx. 1,080 sq ft each) and a 700 sq ft 1-bedroom ADU. Each unit includes off-street parking and its own designated outdoor space. The ADU includes a built-in Murphy bed for added functionality. Major upgrades include improvements to the roof, electrical, plumbing, and foundation. The property totals 2,860 sq ft on a 0.1327-acre lot and was built in 1946, with a composition roof. Heating includes gravity and fireplace(s), and cooling is provided by a heat pump.
The property is located in the Historic Landmark District of Old Trolley Barn Park, with a two-minute stroll to the park and a quick bike ride to Hillcrest. Restaurants, bars, and shopping are within walking distance.
Zoning is R-2:MINOR, supporting residential income use. The ADU also offers the potential to be split off from the duplex and sold as a separate parcel with a survey, providing flexibility for future ownership structuring.
The property is located in the Historic Landmark District of Old Trolley Barn Park, with a two-minute stroll to the park and a quick bike ride to Hillcrest. Restaurants, bars, and shopping are within walking distance.
Zoning is R-2:MINOR, supporting residential income use. The ADU also offers the potential to be split off from the duplex and sold as a separate parcel with a survey, providing flexibility for future ownership structuring.
Key Highlights
- Corner‑lot triplex on a public street totaling 2,860 sq ft on 0.1327 acres
- Two 2‑bedroom, 1‑bath units (approx. 1,080 sq ft each) plus a 700 sq ft 1‑bedroom ADU
- Each unit has off‑street parking and its own designated outdoor space
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 | $77.2k | $27.00 |
| − Vacancy | −$4.0k | −$1.41 |
| EGI | $73.2k | $25.59 |
| − OpEx | −$22.0k | −$7.68 |
| NOI | $51.2k | $17.91 |
2,860 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$731.9K
$640.4K – $853.9K
NOI $51,232 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$675.3K
$590.9K – $787.8K
NOI $47,270 @ 7.0% cap · market cap 2.87%
Theoretical Best
Specialty Retail
$1.13M
$988.4K – $1.32M
NOI $79,073 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,191
Businesses Nearby
Explore this area
Business Placement
Demographics for 92116, CA
31,523
Population
17,827
Households
1.8
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
9,271
Density / Sq Mi
$95,775
Median Household Income
$63,420
Median Earnings
$1,903
Median Rent
$898,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Corner-lot triplex with three units, each with off-street parking and private outdoor space, zoned R-2:MINOR.
Where is this triplex located?
The property is located at 1815 Mission Cliff Dr San Diego, CA.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Corner‑lot triplex on a public street totaling 2,860 sq ft on 0.1327 acres; Two 2‑bedroom, 1‑bath units (approx. 1,080 sq ft each) plus a 700 sq ft 1‑bedroom ADU; Each unit has off‑street parking and its own designated outdoor space
