641 Morrison Street

641 Morrison Street

D

San Diego, CA 92102

$1,095,000

Beds

Baths

Sqft

2,006

Year Built

1946

Days on Market

72

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2600755

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. **Fully permitted ADU was built in 2024. All units have new water heaters. Middle unit has new roof.

Mortgage Calculator

Est. Monthly Payment

$6,951

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

Investment Score

3D
Est. Monthly Rent
$4,231
Monthly Cashflow

Rent − PITIA

$-2,720
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,606

Mortgage (P+I)
$5,537
Cap Rate
1.02%
Cash-on-Cash
-25.24%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.61
Break-even Rent
$10,212

NOI (Annual)
$11,176
Price-to-Rent

Lower = better for investors

21.6

* 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.

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