Two-Unit
For Sale
$790,000
2432 34 Rancho Drive, San Diego, CA 92139
Tenant-occupied residential property with leases that transfer at closing, subject to applicable agreements and law.
Property Size1,651 SF
Price / SF$478.50
Days on Market16
Property Features for 2432 34 Rancho Drive
General Information
Standard status
Active
Size
1,651 SF
Property subtype
Duplex
Site & Location
Neighborhood
Paradise Hills
Public Transit
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
1,651 SF
Year Built
1947
Tenancy
Multi
Listing Agency:
Coldwell Banker West
Listed By:
Emma Edquilang · License #01515754
(619) 737-2126
Source:
Flowers-realty
Added: Oct 15
Changed: Oct 27
Last Checked: Oct 27 at 3:34AM
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 Coldwell Banker West
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Investment Insights
Based on property information with market context.
This duplex contains two separate living units within a 1,651-square-foot building constructed in 1947. The property is tenant occupied, and existing tenancies transfer with the sale subject to the applicable rental agreements and law. It is being sold in its present condition.
The property is located in San Diego, California, in the Paradise Hills community. Shopping, dining, schools, parks, public transportation, and major San Diego freeways are nearby.
The property is located in San Diego, California, in the Paradise Hills community. Shopping, dining, schools, parks, public transportation, and major San Diego freeways are nearby.
Key Highlights
- Two separate living units
- 1,651‑square‑foot building
- Built in 1947
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.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied residential property with leases that transfer at closing, subject to applicable agreements and law.
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‑foot building; Built in 1947
