Search
Remodeled Three-Unit Triplex
For Sale
$1,149,000

48 L st, San Diego, CA 92102

Updated systems, private yards, and secure parking complement this fully occupied residential income property.

Property SizeContact for details
Lot Size0.16 Acres
Days on Market112

Property Features for 48 L st

General Information

Standard status Active
Lot size 0.16 Acres
Property subtype Investment
Zoning RM 3-7
Occupancy 100%

Additional Details

Gross Income $82,260
Multifamily Units 3

Amenities

private yards
secure storage
off-street parking
minisplit AC/heating
custom lighting
built-ins
one-touch dimmers
views

Building Details

Year Built 1928
Stories 2
Units 3
Listing Agency: Keller Williams San Diego Metro
Listed By: Lisa Bohlken · License #01889698
Source: Elliman
Added: May 10 Changed: Aug 29 Last Checked: Aug 29 at 2:50PM

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 San Diego Metro

Investment Insights

Based on property information with market context.

This 1928 triplex has been fully remodeled with custom finishes while retaining vintage character. The three units include private yards, secure storage areas, and sheds serving units 2 and 3. The downstairs residence features built-ins, an office closet within the dining area, and custom vintage lighting with dimmers. Two units have recently added minisplit air conditioning and heating, while plumbing, electrical systems, and the roof have been updated within the last 10 years.

The property sits on a 6929 SF lot at 48 L Street in San Diego, with RM 3-7 zoning. The upstairs unit has views toward Coronado. Secure off-street parking serves the rear house, while the front duplex uses street parking. All three units are currently tenant occupied. The property is 1 mile from downtown and is located in an area described as short-term-rental friendly.

Key Highlights

  • Three‑unit triplex on a 6929 SF lot
  • Fully tenant occupied with current rental income of $82,260
  • RM 3‑7 zoning at 48 L St, San Diego

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Veterinary Clinic Butcher Adult Day Care Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

9,046
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

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Triplex - Updated systems, private yards, and secure parking complement this fully occupied residential income property.
Where is this triplex located?
The property is located at 48 L st San Diego, CA.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Three‑unit triplex on a 6929 SF lot; Fully tenant occupied with current rental income of $82,260; RM 3‑7 zoning at 48 L St, San Diego
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message