$2,050,000

$2,099,900 2.4%

Est. payment - /mo

7,840 Sqft Lot

UPDATED:

Key Details

Sold Price $2,050,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PTP2601840

Sold Date 05/29/26

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1962

Lot Size 7,840 Sqft

Property Sub-Type Triplex

Property Description

Premier Old Town investment opportunity featuring three existing units with additional development potential. Located directly across from San Diego's Historic Old Town State Park at the base of Mission Hills, this rare Spanish-style property offers strong current income with significant upside in one of San Diego's most visited and walkable neighborhoods. The property consists of three units across multiple structures. The primary residence is a spacious approximately 2,000 square foot Spanish-style home featuring 3 bedrooms(optional third bedroom or office) and two bathrooms. The home showcases classic architectural details including arched openings, wood flooring, and warm stucco finishes, while offering modern updates, an attached garage, and private outdoor space. At the front of the property is a well-maintained duplex, each unit consisting of a one-bedroom, one-bath layout. Both units feature private yard access, dedicated storage and laundry rooms, and potential garage parking. In total, the property offers three separately accessed garage spaces along with additional off-street parking. Utilities are separately metered, providing operational efficiency for long-term ownership. The site also offers excellent value-add potential, including the opportunity for ADU development, garage conversions, or additional units. The existing layout and lot configuration provide flexibility for investors seeking to increase income and maximize the property's potential. With strong rental demand, proximity to Old Town's historic attractions, dining, and transportation, and a location just minutes from Downtown, Mission Hills, and the waterfront, this is a rare opportunity to acquire a character-rich income property with both immediate cash flow and long-term upside.

Location

State CA

County San Diego

Area 92110 - Old Town Sd

Zoning R-3:RESTRICTED MULTIPLE

Interior

Fireplace No

Laundry In Garage, Laundry Room

Exterior

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Park

View Y/N No

Total Parking Spaces 9

Private Pool No

Building

Lot Description Back Yard, Near Park, Yard

Story 2

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4426621500

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

Special Listing Condition Standard

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Listed by Rob Cunningham Bergner ROA California Inc 619-804-5972, DRE #01491215
Bought with Out of Area Out of Area Out of Area

Nearby Locations

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Betty Torano

+1(619) 851-6028

Agent | License ID: 01922296

Agent License ID: 01922296

2634 38 Juan ST San Diego, CA 92110