San Diego CA Multi Family for Sale

ADDITIONAL INFORMATION

This fantastic duplex offers a rare opportunity to own two separate single-family residences on a single lot in the vibrant and centrally-located City Heights neighborhood. Each unit features 3 spacious bedrooms and 1.5 bathrooms, providing ample space and comfort for residents. With separate entrances, tenants or owners can enjoy privacy while taking advantage of shared amenities. Both units include assigned parking for convenience and ease. The property is perfect for investors looking for rental income or buyers seeking multi-generational living arrangements. Ideally located with easy access to shopping, dining, and public transportation, this duplex provides both convenience and potential for future growth. Don't miss out on this unique opportunity in a rapidly developing area of San Diego!

ADDITIONAL INFORMATION

Add value to this income-producing property featuring three units across two structures. The property includes a spacious two-bedroom front house with a private yard and fruit-bearing trees, as well as a two-story duplex at the rear, consisting of two one-bedroom units. Rent out the property for strong cash flow or move in and enjoy the benefit of rental income in a rapidly developing neighborhood. Conveniently located within walking distance of restaurants, schools, and shopping.

ADDITIONAL INFORMATION

Spacious 3 units at 3300 sq ft on a large lot with alley access and exclusive parking. Centrally located near schools, parks, and shops! Front unit is a detached craftsman house with 2 bedrooms, 1 bathroom, and private driveway. The 2 units in the back is a 2 story building with alley access and private parking. All units are 2/1. Rents are under market with great potential. New exterior paint with common washer/dryer hook ups along with 3 water heaters in a large storage area. Do not disturb tenants.

ADDITIONAL INFORMATION

Spacious 3 units at 3300 sq ft on a large lot with alley access and exclusive parking. Centrally located near schools, parks, and shops! Front unit is a detached craftsman house with 2 bedrooms, 1 bathroom, and private driveway. The 2 units in the back is a 2 story building with alley access and private parking. All units are 2/1. Rents are under market with great potential. New exterior paint with common washer/dryer hook ups along with 3 water heaters in a large storage area. Do not disturb tenants.

ADDITIONAL INFORMATION

Corner lot 4 unit centrally located property with tons of future potential. Property has two older units and two brand new completed ADU's. The ADU's just got final sign off and both units are newly leased out. Property is zoned commercial, older units could be removed and commercial could be built, perhaps with residential units above? Check with the city. The billboard also generates $625 monthly. Shown with accepted offer. Please do not disturb tenants.

ADDITIONAL INFORMATION

Corner lot 4 unit centrally located property with tons of future potential. Property has two older units and two brand new completed ADU's. The ADU's just got final sign off and both units are newly leased out. Property is zoned commercial, older units could be removed and commercial could be built, perhaps with residential units above? Check with the city. The billboard also generates $625 monthly. Shown with accepted offer. Please do not disturb tenants.

ADDITIONAL INFORMATION

Add value to this income-producing property featuring three units across two structures. The property includes a spacious two-bedroom front house with a private yard and fruit-bearing trees, as well as a two-story duplex at the rear, consisting of two one-bedroom units. Rent out the property for strong cash flow or move in and enjoy the benefit of rental income in a rapidly developing neighborhood. Conveniently located within walking distance of restaurants, schools, and shopping.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Priced to sell at $90k/unit less than renovated sale comparables! 4342 Marlborough Ave presents the opportunity to acquire a 9 unit fully renovated multifamily asset situated on the southern border of the highly coveted Kensington neighborhood. The asset consists of an ideal unit mix of (2) Studios, (3) One Bed units, (2) 2 Bed / 1 Bath units, & (2) 2 Bed / 2 Bath units providing for a properly diversified unit make up. The property produces $220,000 in gross annual income currently with 10%+ undermarket rents allowing for future income growth. Existing ownership has spent over $600k in capital improvements to renovate the property including but not limited to full interior & exterior renovations, landscaping, water lines pulled from slab and re-piped, new roof, installation of backflow, AC units, and the build out of two brand new studio units with in-unit laundry and AC in 2023. The property recently passed CA SB721 deck inspections as well. Roughly $1,150,000 of assumable debt is available at a below market 3.90% interest rate on the property fixed until 10/1/2025 and transitioning to floating rate moving forward for a 30-year term maturity in 2053. The assumable debt allows an investor to acquire the property with strong Day 1 cash on cash returns during a less competitive market window while the interest rate market corrects itself over 2025. This will allow for a potential refi in 2025’s likely much more attractive interest rate environment with no pre-pay penalty to do so. The property provides tenants with quick accessibility to the majority of San Diego’s primary entertainment, employment, restaurants, highway access, and activity hotspots. The asset is walking distance to the Heart of Kensington and is less than a 10-minute drive to the Heart of North Park, Normal Heights, Balboa Park and many more activity hotspots. The majority of San Diego’s top water destinations, such as Ocean Beach, Mission Bay, San Diego Bay, and Shelter Island, are all conveniently located within a 15-minute drive.

ADDITIONAL INFORMATION

Excellent investment potential! Two units located in a commercial zone. Front unit is rented out as a beauty salon shop ($2,000 rent). Back unit was built in 2008 with 4 bedrooms / 3.5 baths and electric gate. Patio is permitted. New solar system for back unit will be paid off before close of escrow ($72,000).

ADDITIONAL INFORMATION

Exceptional Investment Opportunity in Cherokee Point – Fully Renovated 5-Unit Property This fully renovated, turnkey 5-unit multifamily property in Cherokee Point offers an exceptional blend of modern upgrades and investment potential. The property features three detached 2-bedroom, 1-bathroom craftsman cottages with private yards and laundry hookups, along with a two-story duplex comprising two 1-bedroom, 1-bathroom units that share a common laundry room. Four single-car garages provide additional income potential, with a feasibility study confirming their conversion into two accessory dwelling units (ADUs). All units have been thoughtfully updated with new kitchens, appliances, new roofs, windows, flooring, lighting, fresh paint, bathrooms, electrical, plumbing, and HVAC systems. The landscaped community includes outdoor seating areas, a dog run, automatic sprinklers, mature trees, and a block wall with a secure privacy gate, ensuring an inviting and safe environment. Currently fully leased with 12-month contracts at market rates, the property offers immediate cash flow with a 5.86% cap rate. Located in a Transit Priority Area (TPA), it also has significant upside potential, with zoning allowing for up to 16 additional units. A feasibility study is available, detailing costs and timelines for expansion and garage conversions. Less than a block from a park and school, this gated property is ideal for investors, multigenerational living, or owner-occupancy with rental income. Don’t miss this rare opportunity to acquire a stabilized asset with future growth potential.

ADDITIONAL INFORMATION

Discover a rare opportunity with this fully remodeled, turnkey triplex, offering three separate, standalone units—a unique setup that ensures privacy and appeal for residents. Each unit boasts a modern interior with kitchen countertops, brand-new appliances, and open, airy floor plans. The front house includes both a finished basement and an attic, adding versatile space options. With four onsite parking spaces, this property is ideally located near the vibrant communities of North Park and Normal Heights, combining contemporary living with prime access to popular spots. A fantastic choice for investors or owner-occupiers!

ADDITIONAL INFORMATION

Discover a rare opportunity with this fully remodeled, turnkey triplex, offering three separate, standalone unitsâ??a unique setup that ensures privacy and appeal for residents. Each unit boasts a modern interior with kitchen countertops, brand-new appliances, and open, airy floor plans. The front house includes both a finished basement and an attic, adding versatile space options. With four onsite parking spaces, this property is ideally located near the vibrant communities of North Park and Normal Heights, combining contemporary living with prime access to popular spots. A fantastic choice for investors or owner-occupiers!

ADDITIONAL INFORMATION

Excellent investment potential! Two units located in a commercial zone. Front unit is rented out as a beauty salon shop ($2,000 rent). Back unit was built in 2008 with 4 bedrooms / 3.5 baths and electric gate. Patio is permitted. New solar system for back unit will be paid off before close of escrow ($72,000).

ADDITIONAL INFORMATION

Exceptional Investment Opportunity – Fully Occupied Fourplex with Approved Plans for Expansion! Presenting 5920 Streamview Dr., a rare gem in San Diego offering immediate cash flow and incredible value-add potential. This fourplex, built in 1964, features four 2-bedroom, 1-bathroom units with dens, each spanning 963 sq. ft., totaling 3,854 sq. ft. of rentable space. Located in a highly desirable area near parks and schools, this property is perfect for investors seeking stability and growth. The property is fully occupied, generating a current monthly rental income of $9,900. With an annual gross income of $118,800, operating expenses of $23,296, and a net operating income (NOI) of $95,504, the property boasts a solid 6% cap rate. But the potential doesn’t stop there. Approved plans and permits are almost ready and could be transferred for an additional $150,000, allowing for the addition of four new units, creating a total of 8 units. The new plans include: Two 4-bedroom 2-bathroom units (1,195 sq. ft. each) in a 2-story building. Garage conversion into two ADUs: 1 two-bedroom, 1-bathroom unit (548.7 sq. ft.) 1 one-bedroom, 1-bathroom unit (405 sq. ft.) These additions could generate an additional $12,000–$14,000 in monthly income, bringing the total gross annual income to $262,800 and achieving a projected 8.5% cap rate post-construction. Highlights: Turnkey Property: Well-maintained with modern updates and good curb appeal. Prime Location: Close to schools, parks, highways, and public transportation. Growth Potential: Expansion plans add significant value and income potential. This is your chance to own a high-performing asset in one of San Diego’s most sought-after rental markets. Whether you’re looking to maintain strong cash flow or take advantage of the approved expansion opportunity, this property checks all the boxes for savvy investors. Contact us today to request more details. Don’t miss out on this outstanding investment!

ADDITIONAL INFORMATION

This is a fantastic opportunity for experienced investors, contractors, or builders to seize a prime property in the desirable Cherokee Point neighborhood. Located on a quiet street that dead-ends into De La Cruz Park, this property offers easy access to recreation, including a rec center, playground, skatepark, and baseball field. Its central location provides convenient proximity to freeways and other amenities. With existing plans and permits in place, you can either continue the project as is or customize it to your vision. The property includes a spacious 3-bedroom home with a den and 2 full bathrooms, as well as a cozy 1-bedroom, 1-bathroom unit with a kitchenette, and a separate 2-bedroom, 1-bathroom unit below. Buyer made aware that ther eare current violations pending and selling as is. Don't miss this chance to create your dream home or a lucrative investment property in a highly sought-after location.

ADDITIONAL INFORMATION

Renovated, fully occupied, 4-unit apartment building on a large lot. A developer's dream! Your chance to buy in the San Diego investment market. Walkable to stores, schools, restaurants, and transit. Newer roof and updates. Income-earning laundry facility on site. Great development potential. The central location and large lot offers many possibilities.

ADDITIONAL INFORMATION

Upscale four-plex in the heart of one of the most desirable gentrifying neighborhoods in San Diego. Walkable to schools, restaurants, stores, and transit and believed to be in the economic development zone! Possible development potential. Your chance to get in on the San Diego investment market. It is fully rented with great upward potential.

ADDITIONAL INFORMATION

Renovated, fully occupied, 4-unit apartment building on a large lot. A developer's dream! Your chance to buy in the San Diego investment market. Walkable to stores, schools, restaurants, and transit. Newer roof and updates. Income-earning laundry facility on site. Great development potential. The central location and large lot offers many possibilities.

ADDITIONAL INFORMATION

Upscale four-plex in the heart of one of the most desirable gentrifying neighborhoods in San Diego. Walkable to schools, restaurants, stores, and transit and believed to be in the economic development zone! Possible development potential. Your chance to get in on the San Diego investment market. It is fully rented with great upward potential.

ADDITIONAL INFORMATION

3865-71.5 Menlo Ave possesses 5 total units consisting of a detached 2 Bed / 1 Bath House + a rear Fourplex consisting of (4) 1 Bedrooms / 1 Bath units, and a laundry room. The property is legally a 4 unit on tax records and title, but was built as a 5 unit and is currently operating as a 5 unit. This rare scenario provides a new buyer the opportunity to achieve 30 year fixed residential financing while receiving income from 5 original construction units! Roughly half of the units possess light interior updates while the other half are in unrenovated condition. The property produces a strong $110,124 Gross Scheduled Income with a Net Operating income of $76,066 with an immediately available rent increase yielding an above market true 5.44% Cap Rate. A savvy investor may elect to renovate units to achieve even higher rents. The property is well-parked with 5 off-street spaces with the potential to add 5 additional tandem spaces.

ADDITIONAL INFORMATION

3865-71.5 Menlo Ave possesses 5 total units consisting of a detached 2 Bed / 1 Bath House + a rear Fourplex consisting of (4) 1 Bedrooms / 1 Bath units, and a laundry room. The property is legally a 4 unit on tax records and title, but was built as a 5 unit and is currently operating as a 5 unit. This rare scenario provides a new buyer the opportunity to achieve 30 year fixed residential financing while receiving income from 5 original construction units! Roughly half of the units possess light interior updates while the other half are in unrenovated condition. The property produces a strong $110,124 Gross Scheduled Income with a Net Operating income of $76,066 with an immediately available rent increase yielding an above market true 5.44% Cap Rate. A savvy investor may elect to renovate units to achieve even higher rents. The property is well-parked with 5 off-street spaces with the potential to add 5 additional tandem spaces.

ADDITIONAL INFORMATION

**Exceptional Multi-Family Investment Opportunity!** Don’t miss this rare chance to own a versatile multi-family property with **over $11,000 in potential monthly rental income**. Situated on a spacious 7,280 sq ft lot, this property includes two income-producing buildings. The front building features a 2-story main house with 4 bedrooms and 2 bathrooms, offering the flexibility for owner-occupancy or high-value rental income. Two additional studio spaces, each with private bathrooms and separate entrances, add even more earning potential. The rear building consists of four apartments: three 1-bedroom, 1-bath units and one unpermitted 2-bedroom, 1-bath unit. Located in a desirable area with easy access to local amenities and major San Diego attractions, this property offers tremendous upside for savvy investors looking to grow their portfolio.

ADDITIONAL INFORMATION

**Exceptional Multi-Family Investment Opportunity!** Donâ??t miss this rare chance to own a versatile multi-family property with **over $11,000 in potential monthly rental income**. Situated on a spacious 7,280 sq ft lot, this property includes two income-producing buildings. The front building features a 2-story main house with 4 bedrooms and 2 bathrooms, offering the flexibility for owner-occupancy or high-value rental income. Two additional studio spaces, each with private bathrooms and separate entrances, add even more earning potential. The rear building consists of four apartments: three 1-bedroom, 1-bath units and one unpermitted 2-bedroom, 1-bath unit. Located in a desirable area with easy access to local amenities and major San Diego attractions, this property offers tremendous upside for savvy investors looking to grow their portfolio.