Triplex with Two Detached
For Sale
$998,500
Pending
1967-1969 Harrison, San Diego, CA 92113
MULTI_FAMILY - San Diego, CA
Property Size2,350 SF
Lot Size0.17 Acres
Days on Market51
Property Features for 1967-1969 Harrison
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3
Pets allowed
Yes
Subdivision
LOGAN HEIGHTS
Standard status
Pending
APN
538-130-21-00
Size
2,350 SF
Lot size
0.17 Acres
Building Details
Year built
1917
Floors in Building
1
Number of units
3
Roof type
Composition
Listing Agency:
Coldwell Banker West · Coldwell Banker Real Estate
(619) 325-4100
Listed By:
Cristina Neighbor · License #01373282
(619) 241-5630
Added: Jun 23
Changed: Aug 6
Last Checked: Aug 12 at 10:06AM
MLS# 260015224
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.
This for-sale triplex includes one 3-bedroom, 1-bath house and two separate detached 2-bedroom, 1-bath cottages, all situated on a 7,512-square-foot lot. The property is configured as three residential units under one ownership, offering multiple rental layouts within a compact footprint.
Located in San Diego near Downtown San Diego and the Gaslamp Quarter, the property is also described as convenient to Petco Park and the Coronado Bridge. Access is noted as easy to major Navy installations, trolley service, Chicano Park, along with shopping, dining, and entertainment options.
For owner-occupants, the mix of a larger 3BR unit and two smaller detached cottages can support living in one unit while renting the others for additional household income. For investors, the three-unit structure provides multiple rent-generating residences in a centrally located area. Because the units are detached, the configuration may appeal to tenants looking for more separation than a conventional attached layout.
Located in San Diego near Downtown San Diego and the Gaslamp Quarter, the property is also described as convenient to Petco Park and the Coronado Bridge. Access is noted as easy to major Navy installations, trolley service, Chicano Park, along with shopping, dining, and entertainment options.
For owner-occupants, the mix of a larger 3BR unit and two smaller detached cottages can support living in one unit while renting the others for additional household income. For investors, the three-unit structure provides multiple rent-generating residences in a centrally located area. Because the units are detached, the configuration may appeal to tenants looking for more separation than a conventional attached layout.
Key Highlights
- Triplex on a 7,512 sq. ft. lot with one 3BR/1BA house and two detached 2BR/1BA cottages
- Year built: 1917
- Roof type: composition roof
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
$42,097
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
4.22%
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%
$841,940
$841.9K
Cap Rate 7%
$601,386
$601.4K
Cap Rate 9%
$467,744
$467.7K
Market Conditions
NOI Build-Up for 2,350 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
$63.5K $27.00/SF
− Vacancy
−$3.3K −$1.41/SF
EGI
$60.1K $25.59/SF
− OpEx
−$18.0K −$7.68/SF
NOI
$42.1K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$841,940
Cap Rate 7%
$601,386
Cap Rate 9%
$467,744
Alternative Uses
Best Use
Multifamily LT 5
$601.4K
$526.2K – $701.6K
NOI $42,097 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$554.9K
$485.5K – $647.4K
NOI $38,841 @ 7.0% cap · market cap 3.89%
Theoretical Best
Specialty Retail
$928.2K
$812.2K – $1.08M
NOI $64,973 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,246
Businesses Nearby
Explore this area
Business Placement
Demographics for 92113, CA
50,457
Population
14,443
Households
3.5
Avg Household Size
32
Median Age
11%
College-Educated
69%
High-School Grad
4.5 sq mi
ZIP Area
11,213
Density / Sq Mi
$59,177
Median Household Income
$31,099
Median Earnings
$1,608
Median Rent
$559,100
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 - One 3BR/1BA home plus two detached 2BR/1BA cottages on a single lot near Downtown San Diego.
Where is this triplex located?
The property is located at 1967-1969 Harrison San Diego, CA.
What is the asking price?
The asking price for this property is $998,500.
What are key features of this property?
This property features: Triplex on a 7,512 sq. ft. lot with one 3BR/1BA house and two detached 2BR/1BA cottages; Year built: 1917; Roof type: composition roof
