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San Diego Triplex with New ADU
For Sale
$1,095,000
Pending

641 43 Morrison St, San Diego, CA 92102

Triplex in Mount Hope with permitted ADU and parking.

Days on Market101

Property Features for 641 43 Morrison St

General Information

Standard status Pending
Property subtype Investment

Building Details

Year Built 1946
Listing Agency:
Listed By: Joe Gold
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Aug 1 at 11:03AM

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 Joe Gold

Investment Insights

Based on property information with market context.

This triplex is located in San Diego’s Mount Hope neighborhood. It offers flexibility for occupancy or rental arrangements. The property includes three separate units: a 3-bed/1-bath unit, a 2-bed/1-bath unit, and a newly built studio ADU. There are 5 uncovered off-street parking spaces. The location provides access to nearby shops, local markets, major freeways, Balboa Park, downtown San Diego, and regional employment centers. The central setting supports steady interest from prospective renters. The property may be suitable for owner-occupants, investors, or those seeking additional living space. The fully permitted ADU was built in 2024. All units have new water heaters. The middle unit has a new roof. The bike score is 50, making it bikeable. The walk score is 70, indicating it is somewhat walkable. The transit score is 49, suggesting some transit options are available.

Key Highlights

  • Newly built (2024) fully permitted ADU studio provides immediate rental income or flexible living space.
  • Triplex configuration offers diverse occupancy options.
  • Located in San Diego’s Mount Hope neighborhood with convenient access to shops, markets, freeways, Balboa Park, and downtown.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

570
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
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex in Mount Hope with permitted ADU and parking.
Where is this triplex located?
The property is located at 641 43 Morrison St San Diego, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Newly built (2024) fully permitted ADU studio provides immediate rental income or flexible living space.; Triplex configuration offers diverse occupancy options.; Located in San Diego’s Mount Hope neighborhood with convenient access to shops, markets, freeways, Balboa Park, and downtown.
More about this property
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