Two-Unit Duplex with
For Sale
$1,100,000
3313 15 38th Street, San Diego, CA 92105
Both residences have private yards, laundry hookups, and access to the property's owned solar system.
Property Size2,028 SF
Lot Size0.17 Acres
Price / SF$542.41
Days on Market49
Property Features for 3313 15 38th Street
General Information
Standard status
Active
Size
2,028 SF
Lot size
0.17 Acres
Property subtype
Duplex
Site & Location
Neighborhood
Cherokee Point
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Gross Income
$72,000
Tenant in Place
Yes
Amenities
private yard
laundry hookups
owned solar
Building Details
Building Size
2,028 SF
Year Built
1978
Buildings
1
Stories
1
Listing Agency:
Lee & Associates
(760) 929-7846
Listed By:
Eric von Bluecher · License #01926201
(858) 252-8082
Source:
Sladekhomes
Added: Sep 14
Changed: Oct 31
Last Checked: Oct 31 at 2:24PM
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 Lee & Associates
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Investment Insights
Based on property information with market context.
This 1978 duplex contains two residences in a single-story building totaling approximately 2,028 square feet. Each unit is approximately 1,014 square feet, with two bedrooms and one-and-a-half baths. Both have a private yard, laundry hookups, a two-car garage, and driveway parking, along with access to owned solar. The lot is approximately 7,538 square feet.
Work completed in 2022 included termite tenting and a full exterior repaint. Unit 3313 also received new appliances and windows, plus an upgraded A/C system; both units have new garage doors. The property is in San Diego, with access to Interstate 15, Interstate 805, Downtown San Diego, Mission Valley, North Park, and Balboa Park.
Work completed in 2022 included termite tenting and a full exterior repaint. Unit 3313 also received new appliances and windows, plus an upgraded A/C system; both units have new garage doors. The property is in San Diego, with access to Interstate 15, Interstate 805, Downtown San Diego, Mission Valley, North Park, and Balboa Park.
Key Highlights
- Two residences, each with 2 bedrooms and 1.5 baths
- Approximately 2,028 square feet of building area on an approximately 7,538 square foot lot
- Each unit is approximately 1,014 square feet and includes a two‑car garage, driveway, and private yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,172
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,440
$823.4K
Cap Rate 7%
$588,171
$588.2K
Cap Rate 9%
$457,467
$457.5K
Market Conditions
NOI Build-Up for 2,028 SF
Gross rent
$62.1K $30.60/SF
− Vacancy
−$3.2K −$1.60/SF
EGI
$58.8K $29.00/SF
− OpEx
−$17.6K −$8.70/SF
NOI
$41.2K $20.30/SF
Area
ZIP 92105
Vacancy
5.22%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,440
Cap Rate 7%
$588,171
Cap Rate 9%
$457,467
Alternative Uses
Best Use
Multifamily LT 5
$588.2K
$514.7K – $686.2K
NOI $41,172 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$542.1K
$474.3K – $632.4K
NOI $37,946 @ 7.0% cap · market cap 3.45%
Theoretical Best
Specialty Retail
$801.0K
$700.9K – $934.5K
NOI $56,070 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Explore this area
Business Placement
Demographics for 92105, CA
66,579
Population
23,862
Households
2.8
Avg Household Size
34
Median Age
21%
College-Educated
71%
High-School Grad
5.8 sq mi
ZIP Area
11,479
Density / Sq Mi
$65,174
Median Household Income
$34,469
Median Earnings
$1,687
Median Rent
$593,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have private yards, laundry hookups, and access to the property's owned solar system.
Where is this duplex located?
The property is located at 3313 15 38th Street San Diego, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1.5 baths; Approximately 2,028 square feet of building area on an approximately 7,538 square foot lot; Each unit is approximately 1,014 square feet and includes a two‑car garage, driveway, and private yard
