Renovated Duplex with Private
For Sale
$775,000
Pending
3327-3329 41st St, San Diego, CA 92105
Residential Income, San Diego, CA
Property Size1,225 SF
Lot Size0.16 Acres
Days on Market47
Property Features for 3327-3329 41st St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
Pets allowed
Yes
Exterior features
Alley Access, Sidewalks
Subdivision
CITY HEIGHTS
Directions
follow GPS
Standard status
Pending
APN
454-331-11-00
Size
1,225 SF
Lot size
0.16 Acres
Utilities
Heating system
Forced Air, Gravity
Amenities
garage
covered patio
private yard
fruit trees
laundry space
Building Details
Year built
1968
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Team Metro · Keller Williams Realty
(619) 778-8888
Listed By:
Nathan M Crowley · License #01892269
(858) 822-8845
Added: Jul 16
Changed: Aug 26
Last Checked: Aug 31 at 12:06PM
MLS# 260017378
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains a front two-bedroom, one-bath home of approximately 825 square feet and a rear one-bedroom, one-bath residence. The front house, built in 1968, features mid-century design, abundant natural light, a remodeled open kitchen completed in 2023, a covered patio, fruit trees, and a private-use yard. Its oversized one-car garage provides additional storage area. The rear unit has its own yard, laundry space, fruit trees, and alley access, and is occupied by long-term tenants.
The 0.1578-acre parcel includes 1,225 square feet of building area, sidewalks, a composition roof, and forced-air and gravity heating. The property is positioned two blocks from Azalea Park and fronts a larger street with ample parking. Separate outdoor areas and the two-residence layout support owner occupancy with additional rental income or continued use as a residential income property.
The 0.1578-acre parcel includes 1,225 square feet of building area, sidewalks, a composition roof, and forced-air and gravity heating. The property is positioned two blocks from Azalea Park and fronts a larger street with ample parking. Separate outdoor areas and the two-residence layout support owner occupancy with additional rental income or continued use as a residential income property.
Key Highlights
- Two‑unit duplex with 1,225 square feet of building area
- Front residence offers 2 bedrooms, 1 bath, and approximately 825 sq ft
- 2023 remodel modernized the front home's kitchen
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
3.21%
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 3.21%
Second Best
Apartment 5plus
$327.4K
$286.5K – $382.0K
NOI $22,921 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$483.8K
$423.4K – $564.5K
NOI $33,869 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
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-unit property with alley access, separate outdoor areas, and a 2023 kitchen renovation.
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 $775,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,225 square feet of building area; Front residence offers 2 bedrooms, 1 bath, and approximately 825 sq ft; 2023 remodel modernized the front home's kitchen
