Mission Hills (92103) Homes with Multi Family Subtype

Welcome to Mission Hills, a charming neighborhood nestled in the heart of San Diego, California. Known for its stunning views of the bay and downtown skyline, Mission Hills offers a perfect blend of urban convenience and suburban tranquility. This picturesque community is characterized by its tree-lined streets, historic architecture, and a vibrant local culture that attracts residents and visitors alike.

One of the standout features of Mission Hills is its diverse housing options, particularly its multi-family homes. These properties not only provide an opportunity for investment but also foster a sense of community among residents. Multi-family homes in this area often showcase unique architectural styles, from classic Craftsman bungalows to modern townhomes, reflecting the neighborhood's rich history and contemporary appeal.

Living in Mission Hills means enjoying proximity to some of San Diego's finest amenities. Residents have easy access to a variety of parks, boutique shops, and award-winning restaurants, making it a great place for families, young professionals, and retirees alike. The neighborhood is also conveniently located near major thoroughfares, providing quick access to downtown San Diego, Balboa Park, and the beautiful beaches that line the coast.

Whether you're looking to invest in a multi-family home or seeking a vibrant community to call home, Mission Hills offers a unique blend of charm, convenience, and character. Discover the possibilities that await in this enchanting neighborhood, where every street tells a story and every home is a gateway to the best of San Diego living.

Newest Mission Hills (92103) Homes with Multi Family Subtype

$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

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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.