San Diego Homes with Multi Family Subtype

Welcome to the sunny paradise of San Diego, California, where coastal charm meets urban vibrancy! Nestled in the heart of San Diego County, this dynamic city is renowned for its stunning beaches, year-round mild climate, and a rich cultural tapestry that beckons residents and visitors alike. With attractions ranging from the world-famous San Diego Zoo to the picturesque Balboa Park, there’s always something to explore in this coastal gem.

For those looking to invest in real estate, San Diego offers a diverse range of housing options, including multi-family homes that provide a unique opportunity for both living and investment. Multi-family properties in San Diego are not just about the numbers; they offer a lifestyle that combines community living with the potential for rental income. Imagine owning a charming duplex in a vibrant neighborhood, where you can enjoy the benefits of homeownership while generating passive income from tenants.

The multi-family housing market in San Diego is thriving, catering to a variety of demographics, from young professionals seeking convenient city living to families looking for spacious accommodations. Many of these homes are strategically located near public transport, schools, and local amenities, making them highly desirable for renters.

Whether you’re an experienced investor or a first-time homebuyer, exploring the multi-family homes in San Diego opens the door to a wealth of possibilities. With the city’s strong rental market and the enchanting lifestyle it offers, there’s no better time to consider making San Diego your home sweet home!

Newest San Diego Homes with Multi Family Subtype

$1,550,000

PTP2603241 MLS ⋅ Active Status

PRICE REDUCED FROM 2.1MIL TO 1.79 MIL Prime investment opportunity at the base of USD! This centrally located property offers unbeatable access to Mission Bay, Mission Valley, Downtown, and I-5/I-8. Situated in a safe, high-demand neighborhood with a strong student rental base, these 2BR/1BA units are perfectly positioned for maximum occupancy. Residents enjoy proximity to top-tier dining, shopping, and entertainment. Whether you’re looking to expand your portfolio or secure a high-growth asset, this is a must-see. Act fast—opportunities in this location are rare! Buyer to verify all info.

1212 Azusa Street, San Diego

$3,695,000

PTP2603001 MLS ⋅ Active Status

Discover a compelling value-add investment opportunity at 2901–2921 Columbia Street — an 11-unit multifamily perfectly positioned in the heart of Middletown, one of Metro San Diego's most sought-after and consistently resilient neighborhoods. This is your chance to acquire a well-located asset in a submarket that continues to attract strong renter demand and long-term appreciation potential. Offered exclusively by JP Equity Real Estate, this RM-2-5 zoned corner lot offers significant upside potential for investors looking to increase current rents and even higher through unit upgrades or explore future development possibilities. Middleton is surrounded by Mission Hills, Hillcrest, Bankers Hill and Little Italy and is a 4-minute walk from the trolley stop. The property itself is well-maintained, providing stable in-place income while an investor executes their value-add strategy. Key features include a desirable unit mix with many units enjoying panoramic views of the bay and downtown skyline, most units with balconies and/or patios, mature landscaping, 12 parking spaces, triple-pane windows, a pitch composition roof, a carport with attached storage, and common laundry facilities — all set on an elevated lot that enhances privacy and street presence. The current owners have been generous stewards of their tenants, holding rents conservatively below market across all unit types —averaging 40% below prevailing market rates. One-bed units running $1,335–$1,550 against a market of $2,200–$2,600 and two-bed units at $2,400–$2,500 against a market of $2,800–$3,400. The crown jewel is a 1,418 SF three-bed/two-bath unit currently at $2,550 — well below its market potential of $3,800–$4,500 — which could also be positioned as a stunning owner-occupant residence.

2901 2921 Columbia Street, San Diego

$3,680,000

PTP2602998 MLS ⋅ Active Status

Presenting a rare coastal investment opportunity at 4928 Coronado Ave. in San Diego: a 9-unit multifamily property IDEALLY LOCATED ONLY 8 LOTS FROM THE BEACH in the coveted Sunset Cliffs neighborhood of Ocean Beach 92107. With rents offering a significant upside, this is an ideal opportunity for investors looking to capitalize on the strong rental demand this irreplaceable beach location commands. The long time owners have been generous stewards of their long time tenants, HOLDING RENTS APPROX. 30% BELOW AVERAGE MARKET RATES. The property has been very well-maintained with upgraded electric throughout, newer lux. vinyl flooring, updated bathrooms, landscaped courtyard, common laundry and on-site parking for each unit. It's a short walk to the Ocean Beach vibe on Newport Avenue with eclectic dining, boutique shops, local events, and endless beach activities. This is a true lifestyle and value-add opportunity in one of San Diego's most beloved coastal communities. Open the DOCUMENTS tab for the MARKETING BROCHURE which offers detailed info on unit features, upgrades and building elements. Proudly offered by JP Equity Real Estate.

4928 Coronado Avenue, San Diego

$2,950,000

PTP2602937 MLS ⋅ Active Status

We are pleased to present Sundance Apartments, a 9-unit multifamily property in San Diego’s desirable University Heights neighborhood, located just 1.5 blocks from Adams Avenue. Built in 1972, the gated property features (6) 1BR/1BA and (3) 2BR/1BA units, select private patios/balconies, common area patio area with mature landscaping, on-site laundry, and 9 off-street parking spaces. Well-maintained with stable in-place income (5.22% current cap rate), the asset offers value-add upside through renovations. One 2BR unit is currently for lease, providing an immediate renovation/lease-up opportunity. Ideally located just 1.5 blocks south from Adams Avenue—home to vibrant dining, retail, and entertainment—the property benefits from strong tenant demand and excellent proximity to major freeways and neighborhood amenities.

4522 Oregon Street, San Diego

$1,800,000

NDP2601746 MLS ⋅ Active Status

The Weddle Group of TWG Commercial is pleased to present for sale 3141–43 Imperial Avenue, an eight-unit multifamily property located in the heart of San Diego, California. This asset represents a rare true value-add and development opportunity, offering meaningful upside through renovation, repositioning, and potential redevelopment. The property is well-suited for private investors, multifamily developers, and value-add operators seeking a well-located transit-adjacent opportunity in a rapidly evolving corridor. The property benefits from direct frontage along the newly funded Imperial Avenue Bikeway, scheduled for completion in 2026, which is expected to enhance connectivity, accessibility, and long-term neighborhood appeal. The large, well-configured lot provides substantial development potential and compares favorably to recent multifamily projects in the immediate area. The property, located in an opportunity zone, is immediately adjacent to a San Diego Trolley station, positioning the site to maximize allowable density and development incentives under the City of San Diego’s Complete Communities Initiative and California Senate Bill 79, which takes effect July 1st. These policies create a favorable framework for increased residential development, reduced parking requirements, and streamlined approval pathways, making this property particularly attractive to developers, QOZ funds, and institutional capital. The asset will be delivered with three units vacant, allowing a new owner to implement renovations and reposition the property immediately. In addition, there are three vacant two-car garages featuring existing plumbing and electrical infrastructure with direct access to a private courtyard, providing an excellent opportunity for ADU conversion and additional income potential. Under no circumstances should the property be entered or tenants disturbed. All inquiries must be directed exclusively to the listing agent, Gary Weddle.

3141 53 Imperial Avenue, San Diego

$1,700,000

PTP2600758 MLS ⋅ Active Status

PRICE REDUCED $200K! Rare multifamily ADU densification opportunity in Sherman Heights, San Diego. By-right ADU development under CA SB-1211 allows expansion from 6 to 12 units. The property features a well-maintained 3-story, 6-unit apartment building (4,608 SF) on a 7,500 SF lot, built in 1927, with month-to-month tenancies and current gross income exceeding $10,000/month. Professionally prepared plans are in final approval for 6 new ADUs across three detached, two-story structures totaling approximately 2,884 SF in the rear. Upon completion, the ADUs are projected to generate an additional $13,000+/month in gross rental income, which puts this project well above a 6% cap-rate on proforma income, and should yield a healthy net completion profit after factoring in construction costs. The site is zoned CC-3-4, with ministerial ADU approvals that significantly reduce entitlement risk and development timelines. Ideal for investors seeking unit-count expansion and long-term rental growth in a prime urban infill location.

2259 Market Street, San Diego

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.