641 Morrison Street

641 Morrison Street

D

San Diego, CA 92102

$1,095,000

Beds

6

Baths

3

Sqft

2,006

Year Built

1946

Days on Market

72

Property Type

Triplex

HOA/mo

N/A

MLS ID

NDP2600754

Description

Triplex located in San Diego’s Mount Hope neighborhood, offering flexibility for a variety of occupancy or rental arrangements. The property includes three separate units: a spacious 3-bed/1-bath, a 2-bed/1-bath, and a newly built studio ADU. The site features 5 uncovered off-street parking spaces that provide added convenience for occupants. The location offers access to nearby shops, local markets, major freeways, Balboa Park, downtown San Diego, and regional employment centers. The central setting supports steady interest from prospective renters. This property may be suitable for owner-occupants, investors, or those seeking additional living space. Buyers are advised to verify all measurements, income potential, zoning, and use possibilities with appropriate professionals and local agencies.

Mortgage Calculator

Est. Monthly Payment

$6,951

Principal & Interest$5,537
Property Tax$1,095
Insurance$319
%($219,000)
%

Comparable Properties

2 comps found

This Property

$3,943

vs

Comp Average

$4,655

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

2D
Est. Monthly Rent
$3,943
Monthly Cashflow

Rent − PITIA

$-3,008
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,827

Mortgage (P+I)
$5,537
Cap Rate
0.78%
Cash-on-Cash
-26.45%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.57
Break-even Rent
$10,212

NOI (Annual)
$8,515
Price-to-Rent

Lower = better for investors

23.1

* 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.

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