Residential Income Property with
3274 Old Heather Rd, San Diego, CA 92111
For Sale
$1,188,900
An open-plan twinhome features a remodeled kitchen, private rear yard, and updated mechanical systems.
Property Size2,061 SF
Price / SF$576.86
Days on Market41
Property Features for 3274 Old Heather Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Compass
(619) 658-3603
Listed By:
Chad Dannecker · License CA #01459513
(619) 309-8011
Source:
Selectlivingrealty
Added: Oct 2
Changed: Nov 7
Last Checked: Nov 10 at 12:10PM
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
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Investment Insights
Based on property information with market context.
Built in 1983, this 2,061-square-foot twinhome in San Diego has an open layout with vaulted ceilings and new flooring. The remodeled kitchen includes an island, pantry, and upgraded cabinetry, with access from the living area to a private rear yard. Improvements include dual-pane windows, a newer roof, newer heating and air conditioning, a tankless water heater, solar power, and a home repipe with copper junctions.
The property is in the Trails of Fox Run community, where landscaped greenbelts run through the neighborhood. Tecolote Trail, offering 8 miles of hiking and biking, is described as a short walk away. Beaches, dining, and freeways are also noted as accessible from the home.
The property is in the Trails of Fox Run community, where landscaped greenbelts run through the neighborhood. Tecolote Trail, offering 8 miles of hiking and biking, is described as a short walk away. Beaches, dining, and freeways are also noted as accessible from the home.
Key Highlights
- 2,061‑square‑foot twinhome built in 1983
- Solar power, tankless water heater, newer roof, and newer heating and AC
- Remodeled kitchen with island, pantry, and upgraded cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,064
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,280
$681.3K
Cap Rate 7%
$486,629
$486.6K
Cap Rate 9%
$378,489
$378.5K
Market Conditions
NOI Build-Up for 2,061 SF
Gross rent
$65.5K $31.80/SF
− Vacancy
−$3.6K −$1.75/SF
EGI
$61.9K $30.05/SF
− OpEx
−$27.9K −$13.52/SF
NOI
$34.1K $16.53/SF
Area
San Diego, CA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$681,280
Cap Rate 7%
$486,629
Cap Rate 9%
$378,489
Alternative Uses
Best Use
Apartment 5plus
$486.6K
$425.8K – $567.7K
NOI $34,064 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$814.0K
$712.3K – $949.7K
NOI $56,983 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 92111, CA
46,686
Population
17,624
Households
2.6
Avg Household Size
37
Median Age
43%
College-Educated
88%
High-School Grad
8.5 sq mi
ZIP Area
5,492
Density / Sq Mi
$95,081
Median Household Income
$43,215
Median Earnings
$2,049
Median Rent
$754,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in San Diego, CA
Properties on Market for Residential income properties in San Diego
Frequently Asked Questions
What type of property is this?
Residential income property - An open-plan twinhome features a remodeled kitchen, private rear yard, and updated mechanical systems.
Where is this residential income property located?
The property is located at 3274 Old Heather Rd San Diego, CA.
What is the asking price?
The asking price for this property is $1,188,900.
What are key features of this property?
This property features: 2,061‑square‑foot twinhome built in 1983; Solar power, tankless water heater, newer roof, and newer heating and AC; Remodeled kitchen with island, pantry, and upgraded cabinetry
