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2805 State Street
Metro Uptown San Diego 92103

$1,625,000
Residential Income beds: 4 baths: 3.0 0 sq. ft. built: 1929

Main Photo: Residential Income for sale : 4 bedrooms : 2805 State Street in San Diego
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Status:
Active
Prop. Type:
Residential Income
MLS® Num:
250025046
Bedrooms:
4
Bathrooms:
3
Year Built:
1929
Welcome to Mission Hills! This charming, 3 unit bungalow craftsman offers unlimited options! Current unit mix offers a 2 bed, 1 bath main house. A 1 bed, 1 bath unit attached to the main house, and a studio unit above the 2 car garage. Views of the bay, downtown, and canyon from the studio unit and potential for HUGE VIEWS with additional building. Located in the coveted tier 3, 6.5 FAR location for the San Diego Complete Community initiative, the opportunity is limitless! Rent out the current turnkey units? Build more? Turn back into a single family home with more ADU's? Whatever your heart desires! Hurry! properties that offer this type of flexibility and excellent current condition do not come along often!
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
2
County Or Parish:
San Diego
Market Area:
Metro Uptown
Neighborhood Code:
Mission Hills
Name of Complex/Subdivision:
SAN DIEGO
Building Name:
Independent Complex
Total Building Area:
1,910 sq. ft.
Total Floor Area:
0 sq. ft.
Total Bedrooms:
4
Bathrooms:
3
Half Bathrooms:
0
Stories:
2 Story
Total Stories:
2
Year Built:
1929
Age (in years):
96 year(s)
Short Sale:
No
Home Owner Fees:
$0
Home Owner Fees Include:
N/K
Mello Roos Fee:
$0
Other Fees:
$0
Monthly Total Fees:
$0
Terms:
Cash, Conventional, FHA, VA
Cap Rate.:
4.71
Gross scheduled income:
89400.0
Other income actual:
0
Operating expense:
12000.0
Gross Rent Multiplier:
19.0
Number of Units:
3
Number of Units with Cooling:
0
Tenant pays:
Water, Electricity, Gas/Propane
I-5 to Sassafras, merge onto India, right onto Palm, Left to Olive to property.
Site Influences:
Alley Access, Corner Lot, Curbs, Public Street, Sidewalks, Street Paved
View:
Bay, City, Evening Lights, Ocean
Complex Features:
N/K
Special Listing Conditions:
N/K
Age Restrictions:
N/K
Miscellaneous:
N/K
Exposure Front:
N/K
Construction Material:
Wood/Stucco
Lot Size:
6,098 sq. ft.
Parcel Number:
451-671-08-00
Heating:
Fireplace, Floor Furnace
Heating fuel:
Natural Gas
Cooling:
N/K
Pool Features:
N/K
Spa Features:
N/K
Roof:
Composition, Other/Remarks
Security:
N/K
Telecommunications:
N/K
Water supply:
Meter on Property
Irrigation:
Drip
Fencing:
N/K
Possession Details:
Call Listing Agent
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Listed by Pacific Plains Realty
Data was last updated August 1, 2025 at 09:10 PM (UTC)
Area Statistics
Listings on market:
123
Avg list price:
$1,935,000
Min list price:
$875,000
Max list price:
$18,000,000
Avg days on market:
70
Min days on market:
3
Max days on market:
1,817
These statistics are generated based on the current listing's property type and located in Metro Uptown. Average values are derived using median calculations. This data is not produced by the MLS® system.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego Multiple Listing Service, Inc.