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Two-Unit Duplex with Gated Parking

3314 16 E, San Diego, CA 92102

For Sale
$829,900

Mixed-use zoning accompanies two separate one-bedroom residences and substantial off-street vehicle space.

Property Size1,354 SF
Price / SF$612.92
Days on Market47

Property Features for 3314 16 E

General Information

Standard status Active
Size 1,354 SF
Property subtype Investment
Zoning mixed use

Site & Location

Neighborhood Egger Highlands

Units

Unit Mix 2 x 1BR/1BA
Multifamily Units 2

Amenities

automatic entry gate
custom driveway/parking pad

Building Details

Year Built 1950
Buildings 1
Stories 1
Units 2
Listed By: Hannah Haller
Source: Elliman
Added: Sep 26 Changed: Nov 10 Last Checked: Nov 10 at 7:51AM

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 Hannah Haller

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Investment Insights

Based on property information with market context.

This 1950-built duplex contains two independent one-bedroom, one-bathroom units within 1,354 square feet. A large cement parking area is designed for work trucks, RVs, boats, and heavy equipment. Recent property improvements include an automatic entry gate, a newer roof, and newer water heaters. The property has two addresses: 3314-3316 E St.

Mixed-use zoning applies. Walk Score is 56, Bike Score is 50, and Transit Score is 36.

Key Highlights

  • Two separate 1‑bedroom/1‑bathroom units totaling 1,354 square feet
  • Mixed‑use zoning
  • Cement parking pad accommodates work trucks, RVs, boats, and heavy equipment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$24,255
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,100 $485.1K
Cap Rate 7%
$346,500 $346.5K
Cap Rate 9%
$269,500 $269.5K
Market Conditions
NOI Build-Up for 1,354 SF
Gross rent
$36.6K $27.00/SF
− Vacancy
−$1.9K −$1.41/SF
EGI
$34.6K $25.59/SF
− OpEx
−$10.4K −$7.68/SF
NOI
$24.3K $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%
$485,100
Cap Rate 7%
$346,500
Cap Rate 9%
$269,500

Alternative Uses

Best Use
Multifamily LT 5
$346.5K
$303.2K – $404.3K (±1% cap)
NOI $24,255 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$319.7K
$279.7K – $373.0K (±1% cap)
NOI $22,379 @ 7.0% cap · market cap 2.70%
Theoretical Best
Specialty Retail
$534.8K
$467.9K – $623.9K (±1% cap)
NOI $37,435 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

503
Businesses Nearby

Demographics for 92102, CA

39,783
Population
15,622
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
80%
High-School Grad
4.5 sq mi
ZIP Area
8,841
Density / Sq Mi
$71,319
Median Household Income
$40,142
Median Earnings
$1,855
Median Rent
$646,600
Median Home Value

Market

Average Price Trend$/SF for Duplexes in San Diego, CA

$951 Jul
$986 Aug
$1,030 Sep
$830 Oct

Properties on Market for Duplexes in San Diego

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Mixed-use zoning accompanies two separate one-bedroom residences and substantial off-street vehicle space.
Where is this duplex located?
The property is located at 3314 16 E San Diego, CA.
What is the asking price?
The asking price for this property is $829,900.
What are key features of this property?
This property features: Two separate 1‑bedroom/1‑bathroom units totaling 1,354 square feet; Mixed‑use zoning; Cement parking pad accommodates work trucks, RVs, boats, and heavy equipment
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