Renovated Triplex with Two-Car
5738 Meade San Diego, CA 92115
5738 Meade, San Diego, CA, 92115
$1,335,000
Pending
For Sale
$1,335,000
Pending
MULTI_FAMILY - San Diego, CA
Property Size2,181 SF
Days on Market80
Property Features for 5738 Meade
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 6, Bathroom 1
- Exterior features
- Alley Access, Corner Lot, Public Street, Sidewalks, Street Paved
- Standard status
- Pending
- APN
- 472-092-13-00
- Size
- 2,181 SF
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 3
- Roof type
- Composition, Rolled Hot Mop
Listing Agency
Palisade Realty Inc
(619) 754-0218
9847 CAMPO RD, Spring Valley, CA
Listed by
Tom Parashos · License #01734375
(619) 850-4574
Added: Apr 29 Checked: Jul 17 at 3:06 am
MLS# 260010196
Listing URL
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 recently renovated triplex provides three separate living spaces: a spacious four-bedroom, two-bathroom unit, a two-bedroom, one-bathroom unit, and a studio. The property is described as well maintained and move-in ready, with updates intended to simplify leasing and occupancy. A two-car garage is also included, supporting day-to-day convenience for residents.
Located in San Diego’s College Area, the property is positioned for tenants and owner-occupants seeking proximity to shopping, schools, and major freeways. The address is 5738 Meade, San Diego, CA 92115, offering a straightforward commute option for residents.
For an investor, the configuration of three separate units can support diversified rental income within one building. For an owner-occupant, the mix of a larger family-style unit plus two smaller floor plans can allow flexibility in how space is used while potentially offsetting living expenses through rental income from the remaining units. The presence of on-site parking via the two-car garage adds practical value for tenants considering the property.
Located in San Diego’s College Area, the property is positioned for tenants and owner-occupants seeking proximity to shopping, schools, and major freeways. The address is 5738 Meade, San Diego, CA 92115, offering a straightforward commute option for residents.
For an investor, the configuration of three separate units can support diversified rental income within one building. For an owner-occupant, the mix of a larger family-style unit plus two smaller floor plans can allow flexibility in how space is used while potentially offsetting living expenses through rental income from the remaining units. The presence of on-site parking via the two-car garage adds practical value for tenants considering the property.
Key Highlights
- Multi‑family property with three separate living spaces: 4BD/2BA unit, 2BD/1BA unit, and a studio
- Recently renovated, well‑maintained interiors with Central Air for cooling
- Two‑car garage plus corner lot with alley access and public street frontage
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 | $58.9k | $27.00 |
| − Vacancy | −$3.1k | −$1.41 |
| EGI | $55.8k | $25.59 |
| − OpEx | −$16.7k | −$7.68 |
| NOI | $39.1k | $17.91 |
2,181 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$558.1K
$488.4K – $651.2K
NOI $39,069 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$515.0K
$450.6K – $600.8K
NOI $36,048 @ 7.0% cap · market cap 2.70%
Theoretical Best
Specialty Retail
$861.4K
$753.8K – $1.01M
NOI $60,300 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Renovated three-unit triplex offering a four-bedroom, two-bedroom, and studio plus a two-car garage.
Where is this triplex located?
The property is located at 5738 Meade San Diego, CA.
What is the asking price?
The asking price for this property is $1,335,000.
What are key features of this property?
This property features: Multi‑family property with three separate living spaces: 4BD/2BA unit, 2BD/1BA unit, and a studio; Recently renovated, well‑maintained interiors with Central Air for cooling; Two‑car garage plus corner lot with alley access and public street frontage
