Two-Unit Residential Income
411-13 28th Street San Diego, CA 92102
411-13 28th Street, San Diego, CA, 92102
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For Sale
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Two separate units on a large lot offered as a trust-sale fixer near downtown San Diego.
Property Size1,340 SF
Price / SF$518.66
Days on Market38
Property Features for 411-13 28th Street
General Information
- Standard status
- Active
- Size
- 1,340 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1942
Listing Agency
Keller Williams Realty
Listed by
Miguel Nunez · License #01220521
Source
Crexi
Added: Jun 9 Checked: Jul 16 at 6:59 am
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This property consists of two separate residential units on a large lot, presented as a trust sale. It is being marketed as a fixer opportunity, with upside tied to your ability to perform renovations and improvements or pursue redevelopment and expansion. The layout is designed to support two independent units, providing flexibility for an investor, owner-occupant, or developer planning interior updates or larger-scale work.
Located in San Diego, the property is positioned near Golden Hill Park and Balboa Golf Course. The public remarks also indicate convenient access to freeways and to nearby shopping, dining, and entertainment options in the downtown area.
For buyers seeking a value-add residential income asset, the two-unit configuration offers a straightforward redevelopment and renovation path, with the large lot supporting potential reconfiguration depending on your plans. For developers, the property’s existing two-unit structure and size support consideration of redevelopment or expansion after due diligence. As presented, it is best suited to parties comfortable with property condition improvements and project execution.
Located in San Diego, the property is positioned near Golden Hill Park and Balboa Golf Course. The public remarks also indicate convenient access to freeways and to nearby shopping, dining, and entertainment options in the downtown area.
For buyers seeking a value-add residential income asset, the two-unit configuration offers a straightforward redevelopment and renovation path, with the large lot supporting potential reconfiguration depending on your plans. For developers, the property’s existing two-unit structure and size support consideration of redevelopment or expansion after due diligence. As presented, it is best suited to parties comfortable with property condition improvements and project execution.
Key Highlights
- Two separate units on a large lot, offered as a trust‑sale fixer near downtown San Diego
- Year built: 1942
- Located near Golden Hill Park and Balboa Golf Course
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.2k | $27.00 |
| − Vacancy | −$1.9k | −$1.41 |
| EGI | $34.3k | $25.59 |
| − OpEx | −$10.3k | −$7.68 |
| NOI | $24.0k | $17.91 |
1,340 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$342.9K
$300.1K – $400.1K
NOI $24,004 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$316.4K
$276.9K – $369.1K
NOI $22,148 @ 7.0% cap · market cap 3.19%
Theoretical Best
Specialty Retail
$529.3K
$463.1K – $617.5K
NOI $37,048 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units on a large lot offered as a trust-sale fixer near downtown San Diego.
Where is this duplex located?
The property is located at 411-13 28th Street San Diego, CA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Two separate units on a large lot, offered as a trust‑sale fixer near downtown San Diego; Year built: 1942; Located near Golden Hill Park and Balboa Golf Course
