641 Morrison Street, San Diego, CA 92102

• 5 beds
• 2,006 sqft

Property Description

Income-producing triplex in Mount Hope offers strong rental performance and flexible tenant arrangements ideal for investors seeking both immediate cash flow and long-term appreciation. Tis fully occupied property features a 3-bed/1-bath, a 2-bed/1-bath, and a fully permitted studio ADU. Current yielding a CAP rate of 5.6% based on the asking price with opportunity for growth. This solid return is further supported by the property’s central location, just minutes from freeways, downtown, and Balboa Park, adding tenant appeal and long-term growth potential. Off-street parking for six vehicles enhances resident convenience, while the lot’s R-2 zoning and configuration support varied use strategies. Whether you're a seasoned investor or an owner-occupant looking to offset living costs, it combines stability, upside, and location in one package. **Fully permitted ADU was built in 2024. All units have new water heaters.

Listing Status:

Active

Date Added:

July 28, 2025 at 05:00AM

Listing Office:

Coldwell Banker Realty : 949-385-8921

Listing Agent:

Joe Gold : 858-442-1061

MLS ID:

CRNDP2507400

Interior

• Laundry: See Remarks
• Disability Feature: Accessible Approach with Ramp

Location

• HOA Amenities: 0.0
• County: San Diego

Lot

• Zoning: R-2:5460720700

This listing courtesy of Joe Gold, Coldwell Banker Realty