Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Triplex

Bedrooms

3

Building size

1,932 sqft

Lot size

0.13 sqft

Year built

1951

Stories

1

Garage spaces

0

Heating

Electric

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

1

MLS #

248874803

About this property

Turnkey Talmadge triplex with an attractive 5.625% assumable loan opportunity for eligible VA buyers (approx. $1,675,000 remaining principal). This property is composed of a 3-bed/2-bath residence, attached studio ADU with private entrance, detached 2-bed/2-bath unit, and 7 dedicated parking spaces. Extensively renovated in 2022–23, all units feature newer roofs, windows, plumbing, electrical upgrades, modern finishes, and private laundry. Located less than 2 miles from SDSU, the property offers strong rental appeal and proven vacation rental performance, generating $153,528 in gross vacation rental income in 2024. Currently leased for a combined $10,020/month: $6,100 for the 3-bed and studio (month-to-month) and $3,920 for the furnished 2-bed (leased through Feb. 2027). Additional upside potential with utility infrastructure in place for a possible fourth unit (buyer to verify). Some images have been virtually staged.

Location

67 51st Street

San Diego, San Diego, CA, 92115