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  • $2,495,000

    3365 State St, San Diego, CA 92103

    5beds
    3baths
    3,104sqft
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    Multi Family
    Built in 1937
    -- sqft lot
    $2,042,100 Zestimate®
    $804/sqft
    $-- HOA

    What's special

    This large two-story Streamline Moderne inspired duplex, perfectly positioned in highly desirable South Mission Hills, presents classic San Diego character, premium hillside appeal, and spectacular ocean vistas of the Bay and Downtown. This residence is sited on a corner lot where State Street and W Thorn Street meet, providing two different addresses and separate entrances for each unit. 3365 State Street is the bright & spacious bottom unit, offering 3 bedrooms + 2 baths + separate dining room, and is brimming with original charm, including original hardwood floors, a sunken living room complete with a working fireplace, vintage Eisenhower bathroom tile, and classic built-ins. 1341 W Thorn Street is the spectacular top unit, featuring 2 bedrooms + 1.75 baths, a large outdoor terrace, plus an additional private outdoor balcony off the guest bedroom, with sweeping west-facing views. Underneath the house, a basement with exterior windows provides a sizable bonus space for a workshop, art studio, home office or gym! There is even a fully fenced-in and gated backyard with two separate fire pits and plenty of room to entertain! Property also comes with two individual detached garages with enough space for up to three cars. It sits just north of Downtown San Diego and very close to Hillcrest, Little Italy, Downtown San Diego, San Diego International Airport, and Old Town San Diego. Both units are currently tenant occupied and earning close to market rents. This is an excellent opportunity to own a lucrative income property with an abundance of upside and potential in a prized location! Make this home yours!
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    Zillow last checked:

    Listing updated:

    Listed by:

    Shakira Shahrir Del Fresno DRE # 02104478 310-567-6170,

    Compass 323-593-6999,

    John Frasca DRE # 01013442 760-431-5646,

    John Frasca

    Source: CLAW,MLS#: 26855489MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      Heating
      • Wall
      Cooling
      • None
      Appliances
      • Included: Range/Oven, Refrigerator, Washer, Dryer
      Interior area
      • Total structure area: 3,104
      • Total interior livable area: 3,104 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached, Garage - 3 Car
      • Has garage: Yes
      Features
      • Levels: Two
      • Stories: 2
      • Has view: Yes
      • View description: Ocean, Coastline, Panoramic, City, Marina
      • Has water view: Yes
      • Water view: Ocean,Coastline,Marina
      • Waterfront features: None
      Lot
      • Size: 6,838 Square Feet
      Details
      • Additional structures: None
      • Parcel number: 4514740100
      • Zoning: RM-1-1
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Art Deco
      • Property subtype: Multi Family
      Condition
      • Repair Cosmetic
      • Year built: 1937

      Community & HOA

      Community
      • Security: Gated
      Location
      • Region: San Diego

      Financial & listing details

      • Price per square foot: $804/sqft
      • Tax assessed value: $909,256
      • Annual tax amount: $11,937
      • Date on market: 7/7/2026
      • Total actual rent: 92400

        Estimated market value

        $2,042,100

        $1.82M - $2.29M

        $4,600/mo

        Price history

        DateEventPrice
        3/2/2026Listing removed$3,895$1/sqft
        Source: SDMLS #260003068 Report a problem
        2/13/2026Price change$3,895-1.3%$1/sqft
        Source: SDMLS #260003068 Report a problem
        2/7/2026Listed for rent$3,945+31.6%$1/sqft
        Source: SDMLS #260003068 Report a problem
        5/18/2020Listing removed$2,997$1/sqft
        Source: John Frasca #200021750 Report a problem
        5/14/2020Listed for rent$2,997$1/sqft
        Source: John Frasca #200021750 Report a problem
        5/18/1999Sold$580,000$187/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$11,937 +8.7%$909,256 +2%
        2024$10,983 +2.3%$891,429 +2%
        2023$10,741 +2.7%$873,951 +2%
        2022$10,455 +0.7%$856,816 +2%
        2021$10,384 +1.2%$840,016 +1%
        2020$10,258 +2.2%$831,404 +2%
        2019$10,042 -19.3%$815,103 -22.8%
        2018$12,440 +2.4%$1,056,265 +2%
        2017$12,145 +1.6%$1,035,555 +2%
        2016$11,952 +35.3%$1,015,250 +34.2%
        2015$8,834 +1.6%$756,556 +2%
        2014$8,693 $741,737 +0.5%
        2013-- $738,386 +2%
        2012-- $723,909 +2%
        2011-- $709,716 +0.8%
        2010-- $704,413 -0.2%
        2009-- $706,087 +2%
        2008-- $692,243 +2%
        2007-- $678,671 +2%
        2006-- $665,364 +2%
        2005-- $652,319 +2%
        2004-- $639,529 +1.9%
        2003-- $627,808 +2%
        2002-- $615,499 +2%
        2001-- $603,432

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Midtown

        Getting around

        61 / 100
        Somewhat Walkable
        60 / 100
        Good Transit
        32 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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