Remodeled Triplex with
204-12 S Pardee, San Diego, CA 92113
For Sale
$1,530,000
Residential Income, San Diego, CA
Property Size2,850 SF
Price / SF$536.84
Days on Market280
Property Features for 204-12 S Pardee
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Fencing
Subdivision
Standard status
APN
Size
Additional Details
Tenant in Place
Amenities
large open backyard
Building Details
Year built
Number of units
Listing Agency:
Real Broker
(760) 798-0029
Listed By:
Walid Ajmal · License CA #01963468
(619) 254-7988
Added: Feb 3
Changed: Oct 31
Last Checked: Nov 9 at 11:06PM
MLS# 260002644
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.
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Investment Insights
Based on property information with market context.
This triplex contains 2,850 square feet and was built in 1978. Two of the three residences have been remodeled, while a third is occupied by a long-term tenant. The property also includes an open backyard, gated fencing, alley access, and parking.
Located at 204-12 S Pardee in San Diego, the property is in ZIP Code 92113. Its three-unit configuration, updated interiors, outdoor area, and existing tenancy provide a defined residential income profile for an owner or investor evaluating the asset.
Located at 204-12 S Pardee in San Diego, the property is in ZIP Code 92113. Its three-unit configuration, updated interiors, outdoor area, and existing tenancy provide a defined residential income profile for an owner or investor evaluating the asset.
Key Highlights
- 2,850‑square‑foot triplex built in 1978
- Two units have been remodeled
- One unit has a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,053
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,060
$1.0M
Cap Rate 7%
$729,329
$729.3K
Cap Rate 9%
$567,256
$567.3K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$77.0K $27.00/SF
− Vacancy
−$4.0K −$1.41/SF
EGI
$72.9K $25.59/SF
− OpEx
−$21.9K −$7.68/SF
NOI
$51.1K $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 Rate 5%
$1,021,060
Cap Rate 7%
$729,329
Cap Rate 9%
$567,256
Alternative Uses
Best Use
Multifamily LT 5
$729.3K
$638.2K – $850.9K
NOI $51,053 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$672.9K
$588.8K – $785.1K
NOI $47,105 @ 7.0% cap · market cap 3.08%
Theoretical Best
Specialty Retail
$1.13M
$985.0K – $1.31M
NOI $78,797 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
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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
$559,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in San Diego, CA
Properties on Market for Triplexes in San Diego
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with two remodeled residences, gated fencing, alley access, parking, and an open backyard.
Where is this triplex located?
The property is located at 204-12 S Pardee San Diego, CA.
What is the asking price?
The asking price for this property is $1,530,000.
What are key features of this property?
This property features: 2,850‑square‑foot triplex built in 1978; Two units have been remodeled; One unit has a long‑term tenant
