Remodeled Duplex with Detached
For Sale
Contact for pricing
6844 Missy Ct, San Diego, CA 92115
Two private residences include a renovated main home and permitted accessory dwelling unit.
Property Size2,348 SF
Price / SF$595.83
Days on Market172
Property Features for 6844 Missy Ct
General Information
Standard status
Active
Size
2,348 SF
Property subtype
Multifamily
Units
Unit Mix
1 x 4BR/3.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
covered patio
backyard
private patio
privacy fencing
drought-tolerant landscaping
custom storage sheds
Building Details
Year Built
1960
Year Renovated
2024
Buildings
2
Units
2
Listing Agency:
Keller Williams San Diego Metro
(619) 772-1574
Listed By:
Michael Barrow · License #01114175
Source:
Crexi
Added: Mar 12
Changed: Aug 30
Last Checked: Mar 28 at 10:10PM
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 duplex property includes a renovated single-level main residence and a detached ADU on one parcel. Completed in 2024, the 1,748 sq ft primary home offers 4 bedrooms and 3.5 bathrooms, with an open-concept living area, a primary suite featuring a walk-in closet and en-suite bath, and access to a covered patio and backyard. The detached 600 sq ft ADU, also built in 2024, contains 2 bedrooms and 1 bathroom along with its own patio.
Additional improvements include privacy fencing that separates the outdoor areas, drought-tolerant landscaping, window coverings, expanded ADU kitchen cabinetry, a new refrigerator, and three custom storage sheds. The property has a variance for 2-4 units and is located on a quiet cul-de-sac in Rolando Park, near San Diego State University and the restaurants, cafés, and boutiques of La Mesa Village.
Additional improvements include privacy fencing that separates the outdoor areas, drought-tolerant landscaping, window coverings, expanded ADU kitchen cabinetry, a new refrigerator, and three custom storage sheds. The property has a variance for 2-4 units and is located on a quiet cul-de-sac in Rolando Park, near San Diego State University and the restaurants, cafés, and boutiques of La Mesa Village.
Key Highlights
- 1,748 sq ft single‑level main residence with 4 bedrooms and 3.5 bathrooms
- Detached 600 sq ft ADU with 2 bedrooms, 1 bathroom, and a private patio
- Main home renovated in 2024; detached ADU built in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,061
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$841,220
$841.2K
Cap Rate 7%
$600,871
$600.9K
Cap Rate 9%
$467,344
$467.3K
Market Conditions
NOI Build-Up for 2,348 SF
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.
Gross rent
$63.4K $27.00/SF
− Vacancy
−$3.3K −$1.41/SF
EGI
$60.1K $25.59/SF
− OpEx
−$18.0K −$7.68/SF
NOI
$42.1K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$841,220
Cap Rate 7%
$600,871
Cap Rate 9%
$467,344
Alternative Uses
Best Use
Multifamily LT 5
$600.9K
$525.8K – $701.0K
NOI $42,061 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$554.4K
$485.1K – $646.8K
NOI $38,808 @ 7.0% cap · market cap 2.77%
Theoretical Best
Specialty Retail
$927.4K
$811.5K – $1.08M
NOI $64,918 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Explore this area
Business Placement
Demographics for 92115, CA
64,251
Population
23,448
Households
2.7
Avg Household Size
30
Median Age
39%
College-Educated
87%
High-School Grad
6.2 sq mi
ZIP Area
10,363
Density / Sq Mi
$75,178
Median Household Income
$36,061
Median Earnings
$1,875
Median Rent
$722,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two private residences include a renovated main home and permitted accessory dwelling unit.
Where is this duplex located?
The property is located at 6844 Missy Ct San Diego, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 1,748 sq ft single‑level main residence with 4 bedrooms and 3.5 bathrooms; Detached 600 sq ft ADU with 2 bedrooms, 1 bathroom, and a private patio; Main home renovated in 2024; detached ADU built in 2024
