802 Sutter Street
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802 Sutter Street

D

San Diego, CA 92103

$1,995,000
NEW — 6d

Beds

Baths

Sqft

Year Built

1950

Days on Market

6

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

260012356SD

This property is in San Diego (92103). View neighborhood stats →

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About This Property

Welcome to 802–06 Sutter Street, a rare Mission Hills triplex with a charming detached single-family residence plus two rear cottages. Situated in a neighborhood dominated by low-density, high-end single-family homes, income properties of this caliber almost never come to market here — making this an exceptional ownership opportunity at an attainable entry point for the savvy investor or owner-occupant buyer alike. The front house — a 2-bedroom, 1.5-bath home with a private backyard — will be delivered vacant in June 2026, creating a turnkey owner-occupant opportunity. Move in, enjoy one of San Diego's most coveted addresses, and let the two rear detached cottages (2BD/1BA and 2BD/1.5BA) generate income from day one. The rear cottages offer compelling rental upside through light cosmetic renovations — think fresh finishes and updated kitchens that can meaningfully lift rents in a neighborhood where demand perennially outpaces supply. Mission Hills consistently attracts quality long-term renters & owners drawn to its walkability, character architecture, and proximity to Little Italy, Hillcrest, and Balboa Park. Looking further ahead, the site presents future ADU potential — adding a unit could maximize the land's income-generating capacity and drive significant long-term appreciation. Welcome to 802–06 Sutter Street, a rare Mission Hills triplex with a charming detached single-family residence plus two rear cottages. Situated in a neighborhood dominated by low-density, high-end single-family homes, income properties of this caliber almost never come to market here — making this an exceptional ownership opportunity at an attainable entry point for the savvy investor or owner-occupant buyer alike. The front house — a 2-bedroom, 1.5-bath home with a private backyard — will be delivered vacant in June 2026, creating a turnkey owner-occupant opportunity. Move in, enjoy one of San Diego's most coveted addresses, and let the two rear detached cottages (2BD/1BA and 2BD/1.5BA) generate income from day one. The rear cottages offer compelling rental upside through light cosmetic renovations — think fresh finishes and updated kitchens that can meaningfully lift rents in a neighborhood where demand perennially outpaces supply. Mission Hills consistently attracts quality long-term renters & owners drawn to its walkability, character architecture, and proximity to Little Italy, Hillcrest, and Balboa Park. Looking further ahead, the site presents future ADU potential — adding a unit could maximize the land's income-generating capacity and drive significant long-term appreciation.

Mortgage Calculator

Est. Monthly Payment

$12,665

Principal & Interest$10,088
Property Tax$1,995
Insurance$582
%($399,000)
%

Investment Score

1D
Est. Monthly Rent
$5,638
Monthly Cashflow

Rent − PITIA

$-7,027
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,986

Mortgage (P+I)
$10,088
Cap Rate
0.06%
Cash-on-Cash
-30.03%
DSCR

Need ≥ 1.25 for DSCR loan

0.45
Break-even Rent
$18,607

NOI (Annual)
$1,221
Price-to-Rent

Lower = better for investors

29.5

* 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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