San Diego (92102) Homes with Multi Family Subtype

Welcome to the vibrant and diverse community of San Diego, specifically the 92102 zip code, where the sun shines brightly and the lifestyle is as inviting as the ocean breeze. Nestled in the heart of San Diego County, this area is renowned for its rich cultural tapestry, blending urban sophistication with a laid-back coastal vibe. Here, you’ll find a dynamic mix of entertainment, dining, and recreational opportunities, making it an ideal place for families, young professionals, and retirees alike.

The 92102 region boasts a variety of housing options, with a notable emphasis on multi-family homes. These properties are perfect for those looking to invest in real estate or seeking a home with the potential for rental income. Multi-family homes in this area offer a unique opportunity to capitalize on San Diego’s robust rental market, providing both comfort and financial benefits. Imagine owning a charming duplex or a modern apartment building just moments away from the bustling Gaslamp Quarter or the serene Balboa Park.

Living in 92102 means embracing a lifestyle filled with outdoor activities, cultural experiences, and community spirit. Enjoy the picturesque views from nearby hills, explore local farmer’s markets, or take a leisurely stroll along the waterfront. With excellent schools, parks, and access to public transportation, this neighborhood is not just a place to live; it’s a place to thrive.

Whether you are looking to invest in multi-family properties or simply seeking a vibrant community to call home, the 92102 zip code in San Diego promises an exceptional quality of life. Discover the possibilities today!

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.