Two-Unit
For Sale
$790,000
2432-34 Rancho Drive, San Diego, CA 92139
San Diego, CA
Property Size1,651 SF
Lot Size0.20 Acres
Price / SF$478.50
Days on Market13
Property Features for 2432-34 Rancho Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2:Minor Multiple
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bonus Room, Bedroom 2, Laundry Room, Bathroom 2, Bedroom 3, Bedroom 1
Parking
1
Lot features
Level with Street, Garden, Front Yard, Back Yard
View
City
Elementary school district
San Diego Unified
Middle school district
San Diego Unified
High school district
San Diego Unified
Directions
Easy Directions with your GPS
Subdivision
92139 - Paradise Hills
Standard status
Active
APN
5872621800
Size
1,651 SF
Lot size
0.20 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1947
Floors in Building
1
Listing Agency:
Coldwell Banker West · Coldwell Banker Real Estate
(619) 271-9500
Listed By:
Emma Edquilang · License #01515754
(619) 737-2126
Added: Oct 6
Changed: Oct 18
Last Checked: Oct 18 at 2:06PM
MLS# PTP2607743
Copyright © 2026 California Regional Multiple Listing Service, Inc. 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 duplex contains two separate living units with a combined building area of 1,651 square feet. Built in 1947, the property has window or wall/window cooling and public sewer service. The 0.1953-acre parcel is zoned R-2:Minor Multiple.
Both units are tenant occupied, and their existing tenancies transfer with the sale subject to applicable rental agreements and law. The property is offered in its present condition. Showings require advance scheduling and confirmation, with at least 24 hours' notice requested.
Both units are tenant occupied, and their existing tenancies transfer with the sale subject to applicable rental agreements and law. The property is offered in its present condition. Showings require advance scheduling and confirmation, with at least 24 hours' notice requested.
Key Highlights
- Two separate living units
- 1,651 square feet of building area
- 0.1953‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,575
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,500
$591.5K
Cap Rate 7%
$422,500
$422.5K
Cap Rate 9%
$328,611
$328.6K
Market Conditions
NOI Build-Up for 1,651 SF
Gross rent
$44.6K $27.00/SF
− Vacancy
−$2.3K −$1.41/SF
EGI
$42.3K $25.59/SF
− OpEx
−$12.7K −$7.68/SF
NOI
$29.6K $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%
$591,500
Cap Rate 7%
$422,500
Cap Rate 9%
$328,611
Alternative Uses
Best Use
Multifamily LT 5
$422.5K
$369.7K – $492.9K
NOI $29,575 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$389.8K
$341.1K – $454.8K
NOI $27,288 @ 7.0% cap · market cap 3.45%
Theoretical Best
Specialty Retail
$652.1K
$570.6K – $760.8K
NOI $45,647 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Explore this area
Business Placement
Demographics for 92139, CA
35,771
Population
10,610
Households
3.4
Avg Household Size
37
Median Age
25%
College-Educated
86%
High-School Grad
3.6 sq mi
ZIP Area
9,936
Density / Sq Mi
$92,381
Median Household Income
$41,450
Median Earnings
$2,107
Median Rent
$598,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes two separate residences and existing tenant tenancies that transfer with the sale.
Where is this duplex located?
The property is located at 2432-34 Rancho Drive San Diego, CA.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Two separate living units; 1,651 square feet of building area; 0.1953‑acre parcel
