Duplex with Remodeled
For Sale
$789,000
3327-3329 41st St, San Diego, CA 92105
Two separate residences offer private outdoor areas, parking, and a flexible owner-occupant or rental configuration.
Property Size1,225 SF
Price / SF$644.08
Days on Market55
Property Features for 3327-3329 41st St
General Information
Standard status
Active
Size
1,225 SF
Property subtype
Multi-Family
Building Details
Year Built
1968
Listing Agency:
Team Metro
(858) 822-8845
Listed By:
Nathan M Crowley nathan@team-metro.com · License #01892269
Source:
Findahomenorthcountysandiego
Added: Jul 8
Changed: Aug 30
Last Checked: Aug 30 at 6:08PM
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 Team Metro
Investment Insights
Based on property information with market context.
This 1,225-square-foot duplex includes two separate residences on a divided lot. The front home provides two bedrooms and one bathroom, along with a remodeled open kitchen completed in 2023, mid-century design elements, abundant natural light, a covered patio, fruit trees, and a private-use yard. An oversized one-car garage adds parking and storage capacity.
The rear residence contains one bedroom and one bathroom, with its own yard, laundry area, and fruit trees. Alley access serves the back portion of the property, while ample parking is available along the street. Azalea Park is located two blocks north. The property was built by its original owners, and the front residence dates to 1968.
The rear residence contains one bedroom and one bathroom, with its own yard, laundry area, and fruit trees. Alley access serves the back portion of the property, while ample parking is available along the street. Azalea Park is located two blocks north. The property was built by its original owners, and the front residence dates to 1968.
Key Highlights
- Two‑residence duplex totaling 1,225 square feet
- Front unit has 2 bedrooms, 1 bathroom, and a 2023 kitchen remodel
- Rear unit includes 1 bedroom, 1 bathroom, private yard, laundry space, and alley access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,870
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,400
$497.4K
Cap Rate 7%
$355,286
$355.3K
Cap Rate 9%
$276,333
$276.3K
Market Conditions
NOI Build-Up for 1,225 SF
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.
Gross rent
$37.5K $30.60/SF
− Vacancy
−$2.0K −$1.60/SF
EGI
$35.5K $29.00/SF
− OpEx
−$10.7K −$8.70/SF
NOI
$24.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$497,400
Cap Rate 7%
$355,286
Cap Rate 9%
$276,333
Alternative Uses
Best Use
Multifamily LT 5
$355.3K
$310.9K – $414.5K
NOI $24,870 @ 7.0% cap · market cap 3.15%
Second Best
Apartment 5plus
$327.4K
$286.5K – $382.0K
NOI $22,921 @ 7.0% cap · market cap 2.91%
Theoretical Best
Specialty Retail
$483.8K
$423.4K – $564.5K
NOI $33,869 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
522
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer private outdoor areas, parking, and a flexible owner-occupant or rental configuration.
Where is this duplex located?
The property is located at 3327-3329 41st St San Diego, CA.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Two‑residence duplex totaling 1,225 square feet; Front unit has 2 bedrooms, 1 bathroom, and a 2023 kitchen remodel; Rear unit includes 1 bedroom, 1 bathroom, private yard, laundry space, and alley access
