2805 State Street

2805 State Street

D

San Diego, CA 92103

$1,625,000

Soft Appraisal Value: $1,548,200 · 5.0% above estimate

Beds

4

Baths

3

Sqft

1,910

Year Built

1929

Days on Market

160

Property Type

Triplex

HOA/mo

N/A

MLS ID

NDP2510316

Description

Discover the perfect blend of character, flexibility, and modern comfort in this beautifully refreshed Mission Hills triplex. Ideal for an owner-occupier, this versatile property offers the opportunity to live in one unit and generate rental income from the others—all in one of San Diego’s most desirable neighborhoods. The property includes a 2-bedroom, 1-bath main home, a 1-bedroom, 1-bath second unit, and a studio third unit, each with its own private entrance. Thoughtfully maintained and recently updated, the property features newer flooring, updated lighting, refreshed interiors, a newer roof, and newer siding—showcasing pride of ownership while preserving its original Mission Hills charm. Enjoy ample parking with a 2-car garage plus generous driveway space, a true rarity in this area. Located within a Complete Communities zone (FAR 6.5), this home also offers incredible potential for expansion or redevelopment down the line. Nestled in the heart of Mission Hills, you’ll be moments from neighborhood cafés, local dining, boutique shopping, and Balboa Park—offering the best of San Diego’s urban lifestyle with a welcoming community feel.

Mortgage Calculator

Est. Monthly Payment

$10,316

Principal & Interest$8,217
Property Tax$1,625
Insurance$474
%($325,000)
%

Investment Score

1D
Est. Monthly Rent
$5,085
Monthly Cashflow

Rent − PITIA

$-5,231
Full Cashflow

Incl. vacancy, PM, maint, capex

$-7,755

Mortgage (P+I)
$8,217
Cap Rate
0.34%
Cash-on-Cash
-28.63%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.49
Break-even Rent
$15,156

NOI (Annual)
$5,547
Price-to-Rent

Lower = better for investors

26.6

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

Get Expert AnalysisOpen Full Calculator