348 & 350 27th Street, San Diego, California 92102, San Diego, - bed, bath

home-pic
ACTIVE$1,635,000
348 & 350 27th Street, San Diego, California 92102
0Bed
0Bath
2,283Sqft
3,498Lot
Year Built
2022
Close
-
List price
$1.64M
Original List price
$1.68M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
WS25159091
Home ConditionExcellent
Features
Excellent View: Bay, Bridge(s), City Lights, Neighborhood, Peek-A-Boo
Patio
ViewBay,Bridge(s),City Lights,Neighborhood,Peek-A-Boo

About this home

Welcome to this stunning newly constructed (2022) custom-designed triplex, ideally situated in the heart of San Diego’s historic Grant Hill neighborhood. This modern residence offers breathtaking views of the Coronado Bridge and San Diego Bay, along with an exceptional blend of luxury, comfort, and income potential. The main unit (#348) features 2 spacious bedrooms, 2.5 bathrooms, approximately 1,172 sq ft of living space, an open-concept floor plan with sleek modern finishes, a private backyard patio, and its own dedicated solar system. Perfect for owner-occupancy or premium rental. The second and third units (both addressed as #350) offer fantastic rental income potential. Unit 2, located on the ground level, includes 1 bedroom and 1 bathroom across approximately 527 sq ft. Unit 3, located on the upper level, features 1 bedroom and 1 bathroom with approximately 584 sq ft. Both units share a separate solar system and are currently being operated as successful Airbnb rentals, producing an impressive $55,713 in net income in 2024. This versatile triplex is perfect for multi-generational living or as a long-term investment property. Enjoy the convenience of being just minutes from Downtown San Diego, major freeways (I-5, I-15, and CA-94), shopping centers, popular restaurants, and beautiful local parks. Don't miss this incredible opportunity to own a nearly new, income-generating property in one of San Diego's most vibrant and up-and-coming neighborhoods. This is a must-see!

Price History

Date
Event
Price
10/30/25
Price Change
$1,635,000
07/16/25
Listing
$1,680,000
Condition Rating
Excellent

This property was newly constructed in 2022, making it virtually brand new. The images showcase sleek, modern finishes throughout, including a contemporary kitchen with white cabinetry, subway tile backsplash, and stainless steel appliances, as well as updated bathrooms with modern vanities and glass-enclosed showers. All components appear new, meeting current quality standards with no deferred maintenance or physical depreciation.
Pros & Cons

Pros

New Construction & Modernity: Built in 2022, this custom-designed triplex features sleek modern finishes and open-concept layouts, ensuring contemporary living standards and minimal immediate maintenance.
Significant Income Generation: Proven successful Airbnb operation for two units, generating an impressive $55,713 net income in 2024, offering immediate and substantial rental revenue potential.
Panoramic Views & Prime Location: Boasts breathtaking views of the Coronado Bridge and San Diego Bay, strategically located in the historic Grant Hill neighborhood with excellent freeway access and proximity to Downtown San Diego.
Energy Efficiency with Solar: Equipped with dedicated solar systems for both the main unit and the rental units, significantly reducing utility expenses and promoting sustainable living.
Flexible Investment Opportunity: Offers versatile use for owner-occupancy with supplemental income, multi-generational living, or as a robust long-term investment property.

Cons

Compact Lot Size: The 3,498 sq ft lot is relatively small for a triplex, potentially limiting private outdoor space or future expansion opportunities for residents.
Recent Price Adjustment: A recent price reduction from $1.68M to $1.635M suggests the initial pricing may have been ambitious or market interest has been slower than anticipated.
Evolving Neighborhood Character: While described as 'up-and-coming,' the Grant Hill neighborhood's ongoing revitalization might present a mixed environment with varying property conditions or amenities in the immediate vicinity.

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