Duplex Income Property
2609-2611 Montclair St San Diego, CA 92104
For Sale
Contact for pricing
Duplex residences each include a 3BR/1BA and detached layout with in-unit laundry and ample street parking.
Property Size3,840 SF
Price / SF$611.98
Days on Market122
Property Features for 2609-2611 Montclair St
General Information
- Standard status
- Active
- Size
- 3,840 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1958
Listing Agency:
Compass
(858) 243-2092
Listed By:
Denny Oh · License #01420194
Source:
Crexi
Added: Mar 27
Changed: Jul 21
Last Checked: Jul 25 at 7:16AM
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 Compass
Investment Insights
Based on property information with market context.
2609-2611 Montclair presents a duplex income setup with no shared walls. Each residence is described as a detached 3BR/1BA unit, with its own laundry. The offering notes that the property is being presented alongside an adjacent duplex, with the seller owning both properties.
The location is in North Park, within minutes of numerous shops and restaurants. The property also features plenty of street parking.
Each home is identified as a 960 sqft detached residence, and each unit includes its own laundry facilities, supporting straightforward day-to-day tenant use.
The location is in North Park, within minutes of numerous shops and restaurants. The property also features plenty of street parking.
Each home is identified as a 960 sqft detached residence, and each unit includes its own laundry facilities, supporting straightforward day-to-day tenant use.
Key Highlights
- Duplex at 2609‑2611 Montclair (no shared walls) includes 3BR/1BA detached residences
- Each residence is approximately 960 sqft with its own detached layout
- Each unit has in‑unit laundry
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 | $103.7k | $27.00 |
| − Vacancy | −$5.4k | −$1.41 |
| EGI | $98.3k | $25.59 |
| − OpEx | −$29.5k | −$7.68 |
| NOI | $68.8k | $17.91 |
3,840 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$982.7K
$859.9K – $1.15M
NOI $68,788 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$906.7K
$793.4K – $1.06M
NOI $63,468 @ 7.0% cap · market cap 2.70%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,168 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex residences each include a 3BR/1BA and detached layout with in-unit laundry and ample street parking.
Where is this duplex located?
The property is located at 2609-2611 Montclair St San Diego, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Duplex at 2609‑2611 Montclair (no shared walls) includes 3BR/1BA detached residences; Each residence is approximately 960 sqft with its own detached layout; Each unit has in‑unit laundry
