San Diego (92102) Homes with Multi Family Subtype

Welcome to the vibrant heart of San Diego, California, where the zip code 92102 offers a unique blend of urban charm and suburban comfort. Nestled within the bustling city, this area is a treasure trove of cultural diversity, scenic parks, and a lively community atmosphere. With its close proximity to downtown San Diego, residents enjoy easy access to world-class dining, shopping, and entertainment options, making it an ideal location for families, professionals, and investors alike.

One of the most appealing aspects of the 92102 region is its array of multi-family homes. These properties are perfect for those looking to invest in real estate or for families seeking spacious living arrangements. Multi-family homes in this area provide a fantastic opportunity for generating rental income while enjoying the benefits of homeownership. With a variety of architectural styles, from charming vintage buildings to modern complexes, there is something to suit every taste and budget.

The community is enriched by its local amenities, including parks, schools, and public transportation, ensuring that residents have everything they need right at their fingertips. The nearby Balboa Park, with its stunning gardens and cultural institutions, adds to the allure of living in this vibrant neighborhood.

Whether you’re a first-time homebuyer, an experienced investor, or simply looking to relocate to a dynamic area, the multi-family homes in San Diego’s 92102 zip code offer an exceptional opportunity to embrace the San Diego lifestyle. Discover your dream property today and become part of this thriving community!

Newest San Diego (92102) Homes with Multi Family Subtype

$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.