Triplex with
For Sale
$1,100,000
5206 La Paz Drive, San Diego, CA 92114
Each of the three living spaces has its own washer and dryer, and the property includes two individual garages.
Property Size2,811 SF
Price / SF$391.32
Days on Market56
Property Features for 5206 La Paz Drive
General Information
Standard status
Active
Size
2,811 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R-1:SINGLE FAM-RES
Site & Location
Neighborhood
Valencia Park
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR, 1 x studio/1BA
Multifamily Units
3
Amenities
washer/dryer
Building Details
Building Size
2,811 SF
Year Built
1952
Buildings
1
Stories
2
Units
3
Listing Agency:
Compass
(858) 345-4514
Listed By:
David Fletes · License #01823637
(619) 666-7874
Source:
Buyersonlycoastalrealty
Added: Sep 8
Changed: Oct 31
Last Checked: Oct 22 at 1:59PM
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 Compass
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Investment Insights
Based on property information with market context.
Three distinct living spaces make up this triplex: a main residence with three bedrooms and one bathroom, a separate two-bedroom space, and a studio with a full bathroom. Each living area has its own washer and dryer. The property also includes two individual one-car garages, providing enclosed parking or storage space.
Located at 5206 La Paz Drive in San Diego, the property offers a three-part residential configuration with separate laundry equipment in each space.
Located at 5206 La Paz Drive in San Diego, the property offers a three-part residential configuration with separate laundry equipment in each space.
Key Highlights
- Three living spaces: a 3‑bedroom, 1‑bath main residence, a separate 2‑bedroom space, and a studio with a full bathroom
- Washer and dryer provided in each living space
- Two individual one‑car garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,796
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,275,920
$1.3M
Cap Rate 7%
$911,371
$911.4K
Cap Rate 9%
$708,844
$708.8K
Market Conditions
NOI Build-Up for 2,811 SF
Gross rent
$96.1K $34.20/SF
− Vacancy
−$5.0K −$1.78/SF
EGI
$91.1K $32.42/SF
− OpEx
−$27.3K −$9.73/SF
NOI
$63.8K $22.70/SF
Area
ZIP 92114
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,275,920
Cap Rate 7%
$911,371
Cap Rate 9%
$708,844
Alternative Uses
Best Use
Multifamily LT 5
$911.4K
$797.5K – $1.06M
NOI $63,796 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$842.6K
$737.3K – $983.0K
NOI $58,981 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.04M
$910.6K – $1.21M
NOI $72,849 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
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Business Placement
Demographics for 92114, CA
66,248
Population
18,767
Households
3.5
Avg Household Size
37
Median Age
20%
College-Educated
82%
High-School Grad
8.3 sq mi
ZIP Area
7,982
Density / Sq Mi
$90,171
Median Household Income
$41,312
Median Earnings
$1,741
Median Rent
$604,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Each of the three living spaces has its own washer and dryer, and the property includes two individual garages.
Where is this triplex located?
The property is located at 5206 La Paz Drive 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 living spaces: a 3‑bedroom, 1‑bath main residence, a separate 2‑bedroom space, and a studio with a full bathroom; Washer and dryer provided in each living space; Two individual one‑car garages
