3365 State St San Diego, CA $ 2,299,000
3365 State St
$ 2,299,000
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3365 State St

San Diego, CA, 92103
$ 2,299,000
Bedrooms-- Baths2.0

Monthly Estimate*

$ 15,879

Listed by Todd Armstrong, Compass, todd.armstrong@compass.com
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View a Virtual Tour

Multi-Family Home for sale in San Diego, CA

for $2,299,000 with 2 full baths. This home was built in 1937 on a lot size of 0.166.

Sweeping views of San Diego Bay, the Pacific Ocean, & the Downtown skyline take center stage at , a distinctive Streamline Moderne-inspired duplex perched in the highly sought-after South Mission Hills neighborhood. Blending timeless architectural character with an exceptional hillside setting, this 2-story property offers a rare opportunity to enjoy some of San Diego's most captivating scenery while remaining just minutes from the city's best dining, entertainment, & cultural destinations. Prominently situated on a corner lot at State St and West Thorn St, the property features two separately addressed residences, each with its own private entrance and unique personality. 3365 State St, the spacious lower residence, offers 3 bedrooms, 2 bathrooms, & a separate dining room. Rich in vintage charm, the home showcases original hardwood floors, a dramatic sunken living room with a working fireplace, classic built-ins, and beautifully preserved period bathroom tile. 1341 W Thorn St, the stunning upper residence, features 2 bedrooms, 1.75 bathrooms, and spectacular west-facing views. An expansive outdoor terrace and additional private balcony provide front-row seats to breathtaking sunsets, sparkling bay waters, ocean vistas, and the ever-changing Downtown San Diego skyline. Whether enjoying morning coffee or entertaining beneath the evening sky, the views create an unforgettable backdrop. Additional highlights include a generous basement bonus area with exterior windows, ideal for a creative studio, workshop, home office, or fitness space. See supplement for more details.... The fully fenced and gated backyard offers inviting outdoor gathering areas with two fire pits, while two detached garages accommodate up to three vehicles. The location is equally impressive. Nestled in South Mission Hills, this impressive home places you moments from the celebrated restaurants & cafés of Mission Hills, the vibrant dining scene of Little Italy, & the shopping and nightlife of Hillcrest. Downtown San Diego, the Embarcadero waterfront, Balboa Park, Old Town, and San Diego International Airport are all conveniently nearby, making this an exceptional home base for experiencing the very best of San Diego. With both residences currently tenant-occupied and generating rental income, this property presents a compelling opportunity for investors seeking a distinctive income property with potential for future rental growth.

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Multi-Family Active

Price

$ 2,299,000

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.166

Year Built

1937

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

260025118SD

Days on Market

2

Features
General
Heating Combination Forced Air Natural Gas
Cooling None
Roof Composition
Appliances Gas Water Heater
Zoning R-2:MINOR
HOA Fee 0
Pool Features None
Year Built 1937
Tenant Pays Electricity Gas Sewer Trash Collection Water
View Bay Ocean Panoramic
Stories Count 2
Levels Two
County San Diego
Net Operating Income 82699
Property Type Residential Income
Subdivision Name Mission Hills
Status Active
Directions CrossStreet: Thorn St
City San Diego
Senior Community Y/N false
Number Of Units Total 2
MLS Area 92103 - Mission Hills
Lot Size Units Square Feet
Lot Size Square Feet 7231
Listing Terms Cash Conventional FHA
Spa Features None
Virtual Tour https://www.propertypanorama.com/instaview/snd/260025118
Standard Status Active
Cap Rate 3.6
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Interior
Total Stories 2
Air Conditioning Y/N false
Heating Y/N true
Total Baths 0
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Exterior
Total Parking 0
Lot Size Area 7231
Park Name N/A
Number of Buildings 1
Spa true
Lot Size Acres 0.166
Private Pool false
Lot Size Source Assessor
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* Excluded Features
List By
Todd Armstrong

Listing Agent

Compass

Broker

todd.armstrong@compass.com

Email

Affordability Calculator

$15,879
Per Month
100%
0%
0%
Monthly Principal & Interest
$15,879
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/16/2026$2,299,000 Listed Price

Map


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3365 State St, San Diego, CA, 92103 is a Multi-Family Home for sale at $2,299,000 with a lot size of 0.166. 3365 State St has 2.0 baths and was built in 1937. The property's zip code is 92103 which is in San Diego, CA