San Diego Homes with Multi Family Subtype

Welcome to San Diego, California, a vibrant coastal city known for its stunning beaches, perfect climate, and rich cultural tapestry. Nestled in San Diego County, this sun-kissed paradise 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. From the historic Gaslamp Quarter to the breathtaking views at Balboa Park, there's something for everyone in this diverse city.

For those seeking investment opportunities or multi-generational living arrangements, San Diego's multifamily homes are an excellent choice. These properties, ranging from duplexes to larger apartment complexes, provide the perfect balance of community and privacy. Imagine owning a property where you can live in one unit while renting out the others, generating income and building equity simultaneously.

San Diego's multifamily market is thriving, bolstered by a strong economy, a steady influx of new residents, and a robust rental demand. Areas like North Park and Mission Valley are particularly popular, offering modern amenities, proximity to schools, and easy access to the city’s vibrant nightlife and dining options.

Whether you’re an investor looking to expand your portfolio or a family seeking a spacious home with rental potential, San Diego's multifamily properties are a smart choice. With its unbeatable weather, stunning landscapes, and a lifestyle that embraces both relaxation and adventure, San Diego truly has it all. Explore the possibilities of multifamily living in this enchanting city today!

Newest San Diego Homes with Multi Family Subtype

$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

$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.