San Diego Homes with Multi Family Subtype

Welcome to San Diego, California—an enchanting coastal city renowned for its stunning beaches, vibrant culture, and year-round pleasant climate. Nestled in San Diego County, this sun-kissed gem offers a unique blend of urban sophistication and laid-back charm, making it one of the most desirable places to live in the Golden State. With its breathtaking coastline, world-class attractions like Balboa Park and the San Diego Zoo, and a thriving culinary scene, San Diego is a city that truly has something for everyone.

For those looking to invest in real estate, San Diego presents a fantastic opportunity with its multi-family homes. These properties not only provide a versatile living arrangement but also offer a lucrative investment potential, especially in a city where demand for rental properties is consistently high. Multi-family homes in San Diego come in various styles, from contemporary townhouses to classic duplexes, catering to different tastes and budgets.

Living in a multi-family home allows residents to enjoy a sense of community while also maintaining their privacy. With the potential for rental income, these homes are perfect for first-time buyers, seasoned investors, or anyone looking to make the most of San Diego’s thriving real estate market. Imagine living just minutes away from the beach, with easy access to local parks, shops, and dining options, all while benefiting from the financial advantages that multi-family properties can offer.

Whether you’re seeking a new home or a smart investment, San Diego's multi-family properties are a wise choice in a city that celebrates life, leisure, and endless opportunities. Embrace the San Diego lifestyle today!

Newest San Diego Homes with Multi Family Subtype

$3,495,000

PTP2606968 MLS ⋅ Active Status

Fully renovated in 2022 and meticulously maintained since, this 13-unit multifamily asset offers a well-balanced unit mix of three studios, two 2-bed/1-bath units, and eight 1-bed/1-bath units. The property is ideally positioned for both residents and investors, with quick freeway access for an easy commute anywhere in San Diego, while sitting just a few blocks from Mission Bay Golf Course and the shores of the bay — a rare combination of everyday convenience and lifestyle appeal. Ample on-site parking adds further value for tenants. With renovations already completed, strong location fundamentals, and parking that's increasingly hard to find in the area, this offering presents a turnkey opportunity with minimal deferred maintenance and enduring tenant demand.

3544 3548 Del Rey Street, San Diego

$2,495,000

PTP2606967 MLS ⋅ Active Status

Turnkey and meticulously maintained, this fully renovated 6-unit multifamily asset will not last long positioned at a 5.7% cap rate and offers a uniform mix of 2-bed/1-bath units with convenient one-to-one parking. Ideally located with quick freeway access and just a few blocks from Mission Bay Golf Course and the bay, the property appeals to tenants seeking both everyday convenience and a lifestyle-driven location. With a low vacancy and an attractive going-in yield, this offering presents a compelling opportunity for investors seeking stable, well-located cash flow in one of San Diego's most desirable pockets.

2720 Figueroa Boulevard, San Diego

$9,840,000

NDP2608241 MLS ⋅ Active Status

We are proud to present the Casa Serena Apartment Homes in the "Encanto Heights" neighborhood of San Diego. Casa Serena consists of forty one (41) 2 Bed/1 Bath single story cottage style units. Each building sits on its own parcel and the whole offering consists of twelve (12) total parcels. The gated property has 71 onsite parking spaces, on-site laundry facilities (owned), and 12 large storage units. Casa Serena will allow an investor to purchase a large property with positive leverage from day one. The low-density large footprint (almost 2 acres) may allow for a development play down the road. The 12 individual parcels allow for the investor to choose between commercial or residential financing.

6433 Shaules Avenue, San Diego

$2,200,000

PTP2606082 MLS ⋅ Active Status

Excellent opportunity to acquire a well-maintained 9-unit multifamily property in a convenient central San Diego location. The property features an attractive unit mix consisting of six 1-bedroom/1-bath units and three 2-bedroom/1-bath units, offering strong appeal to a broad tenant base. Residents enjoy secure entrances, onsite coin-operated laundry, and ample off-street parking with four garages plus five additional open parking spaces. Recent improvements include newly installed tankless water heaters, helping enhance efficiency and reduce future maintenance concerns. Centrally located with convenient access to major freeways, public transportation, shopping, dining, employment centers, and other neighborhood amenities. The property's combination of unit mix, parking, secure access, and central location makes it a compelling opportunity for investors seeking a multifamily asset in the San Diego market. Excellent addition to an investment portfolio with long-term income and appreciation potential.

3837 39Th Street, 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

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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.