Triplex With Off-Street
For Sale
$1,100,000
Pending
3517 Central Ave., San Diego, CA 92105
Residential Income, San Diego, CA
Property Size3,050 SF
Lot Size0.16 Acres
Days on Market52
Property Features for 3517 Central Ave.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2:MINOR
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 2, Bedroom 1
Subdivision
CITY HEIGHTS
Standard status
Pending
APN
454-241-16-00
Size
3,050 SF
Lot size
0.16 Acres
Additional Details
Tenant in Place
Yes
Amenities
fenced in front yard
fenced in back yard
alley access
Building Details
Year built
1955
Floors in Building
2
Number of units
3
Roof type
Composition
Buildings
1
Listing Agency:
Keller Williams San Diego Metro · Keller Williams Realty
(619) 233-5935
Listed By:
Beau Trickey · License #01473230
(858) 334-3019
Added: Sep 3
Changed: Oct 23
Last Checked: Oct 24 at 5:06PM
MLS# 260021651
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.
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Investment Insights
Based on property information with market context.
This 3,050-square-foot triplex, built in 1955, contains three separate residences on a 0.1607-acre parcel. The unit mix includes a front residence with three bedrooms and one bathroom, a middle residence with two bedrooms and two bathrooms, and an upper residence with two bedrooms and one bathroom. Fenced outdoor areas serve the front and middle units, while off-street parking is provided for all three residences. The property has a composition roof and is zoned R-2:MINOR.
Located at 3517 Central Ave. in San Diego, the property provides alley access and convenient connections to shopping, dining, and highways. Current rental income is in place, with the property also presented as a renovation opportunity. Each unit contributes to the overall seven-bedroom, four-bathroom configuration.
Located at 3517 Central Ave. in San Diego, the property provides alley access and convenient connections to shopping, dining, and highways. Current rental income is in place, with the property also presented as a renovation opportunity. Each unit contributes to the overall seven-bedroom, four-bathroom configuration.
Key Highlights
- Three‑unit property with 3,050 square feet of living space
- Unit mix: 3 bed/1 bath, 2 bed/2 bath, and 2 bed/1 bath
- Seven total bedrooms and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,921
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,238,420
$1.2M
Cap Rate 7%
$884,586
$884.6K
Cap Rate 9%
$688,011
$688.0K
Market Conditions
NOI Build-Up for 3,050 SF
Gross rent
$93.3K $30.60/SF
− Vacancy
−$4.9K −$1.60/SF
EGI
$88.5K $29.00/SF
− OpEx
−$26.5K −$8.70/SF
NOI
$61.9K $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 Rate 5%
$1,238,420
Cap Rate 7%
$884,586
Cap Rate 9%
$688,011
Alternative Uses
Best Use
Multifamily LT 5
$884.6K
$774.0K – $1.03M
NOI $61,921 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$815.3K
$713.4K – $951.2K
NOI $57,069 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.41M
NOI $84,326 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include private fenced outdoor areas, alley access, and current rental income.
Where is this triplex located?
The property is located at 3517 Central Ave. 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: Three‑unit property with 3,050 square feet of living space; Unit mix: 3 bed/1 bath, 2 bed/2 bath, and 2 bed/1 bath; Seven total bedrooms and four bathrooms
