San Diego Homes with Multi Family Subtype

**Discover the Allure of San Diego County: A Multi-Family Home Paradise**

Nestled along the stunning coastline of Southern California, San Diego County is a vibrant tapestry of culture, sun-soaked beaches, and diverse neighborhoods. Known for its year-round pleasant climate, this picturesque region offers an enticing blend of urban sophistication and laid-back coastal charm. With its world-renowned attractions, including Balboa Park, the San Diego Zoo, and the bustling Gaslamp Quarter, residents enjoy a lifestyle that perfectly balances leisure and excitement.

For those seeking investment opportunities or the chance to accommodate extended family, San Diego County boasts an impressive array of multi-family homes. These properties are designed to meet the needs of various lifestyles, from duplexes and triplexes to larger apartment complexes. Multi-family homes in this region not only provide a unique living experience but also offer the potential for rental income, making them an attractive option for savvy investors.

Imagine living in a vibrant community where you can enjoy the best of both worlds—sharing a home with loved ones while also having the opportunity to generate income. Many multi-family properties are strategically located near major employment hubs, schools, and recreational areas, ensuring convenience for all residents.

Whether you’re drawn to the scenic beaches of La Jolla, the eclectic vibe of North Park, or the family-friendly neighborhoods of Poway, San Diego County’s multi-family homes cater to a variety of preferences and lifestyles. Embrace the opportunity to invest in a thriving community where the sun shines bright, and the possibilities are endless. Your dream of owning a multi-family home in San Diego County awaits!

Newest San Diego Homes with Multi Family Subtype

$2,600,000

NDP2607124 MLS ⋅ Active Status

1240–1270 Holly Avenue represents a rare opportunity to acquire a well-maintained, five-unit multifamily asset with meaningful value-add and redevelopment potential in Imperial Beach, San Diego’s southernmost coastal community. The property is situated west of Interstate 5 and approximately two miles from the Pacific Ocean, placing it within a rapidly evolving coastal submarket characterized by sustained renter demand, ongoing revitalization, and increasing investor interest. Long-term family ownership and consistent upkeep underscore the stability and pride of ownership inherent in this offering. The asset comprises approximately 5,260 rentable square feet across five detached single-family-style residences, supplemented by a large 516 square foot rear storage structure. The unit mix includes two 2-bedroom/1-bath units of roughly 860 square feet each, two 3-bedroom/1-bath units of approximately 1,008 square feet each, and one 2-bedroom/2-bath unit of approximately 1,524 square feet. All homes are believed to have been constructed circa 1960 and feature both front and rear yards. Four units are equipped with single-car garages, while one unit offers a covered carport, providing ample on-site parking and enhancing tenant convenience. The generous outdoor areas present opportunities for future enhancements that may support increased rental value. The property has been selectively upgraded over time, including interior and exterior painting, new flooring, entry improvements, plumbing and drain line upgrades, replacement of water valves and fixtures, electrical fixture updates with GFCI outlet enhancements, one roof replacement with tune-ups on remaining roofs, refinished kitchen and bath surfaces, newer wall heaters, and updated fencing. Despite these improvements, current rents remain below market, and ownership estimates an approximate 15 percent total income upside achievable through unit turnover and additional interior modernization. Operationally, 1270 Holly is currently vacant and in turn-key condition, ready to be leased at prevailing market rates. 1268 Holly is occupied on a month-to-month basis at $1,000 per month, with the tenant prepared to vacate upon sale, enabling immediate rent repositioning. This dynamic creates an attractive scenario for investors seeking both near-term cash flow and longer-term value creation while exploring development entitlements for under-utilized portions of the lot. The property is zoned R-3000, permitting detached and attached dwelling units at a maximum density of 14 units per acre. Based on the site’s approximate 0.67-acre footprint, the maximum permitted density is nine dwelling units, with the potential for additional units through the State Density Bonus Law or Accessory Dwelling Units (ADUs), subject to municipal review. Developers may also consider full redevelopment; new primary dwelling units would require discretionary approval, and detailed proposals may be submitted to the City of Imperial Beach Planning Department once project parameters are defined. Numerous recently completed projects in the immediate vicinity provide strong proof of concept for redevelopment in this corridor. With Imperial Beach experiencing ongoing revitalization, improved infrastructure, and sustained private investment, the property offers both current cash flow and long-term appreciation potential. Its proximity to beaches, dining, retail, and major transportation routes further enhances its desirability. This offering is well-suited for investors seeking to expand cash flow, build equity, and capitalize on one of coastal San Diego’s most active and evolving multifamily submarkets. Interested parties may access the property via driveways only. DO NOT DISTURB TENANTS.

1240 70 Holly Avenue, Imperial Beach

$1,550,000

PTP2603241 MLS ⋅ Active Status

PRICE REDUCED FROM 2.1MIL TO 1.79 MIL Prime investment opportunity at the base of USD! This centrally located property offers unbeatable access to Mission Bay, Mission Valley, Downtown, and I-5/I-8. Situated in a safe, high-demand neighborhood with a strong student rental base, these 2BR/1BA units are perfectly positioned for maximum occupancy. Residents enjoy proximity to top-tier dining, shopping, and entertainment. Whether you’re looking to expand your portfolio or secure a high-growth asset, this is a must-see. Act fast—opportunities in this location are rare! Buyer to verify all info.

1212 Azusa Street, San Diego

$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

$3,680,000

PTP2602998 MLS ⋅ Active Status

Presenting a rare coastal investment opportunity at 4928 Coronado Ave. in San Diego: a 9-unit multifamily property IDEALLY LOCATED ONLY 8 LOTS FROM THE BEACH in the coveted Sunset Cliffs neighborhood of Ocean Beach 92107. With rents offering a significant upside, this is an ideal opportunity for investors looking to capitalize on the strong rental demand this irreplaceable beach location commands. The long time owners have been generous stewards of their long time tenants, HOLDING RENTS APPROX. 30% BELOW AVERAGE MARKET RATES. The property has been very well-maintained with upgraded electric throughout, newer lux. vinyl flooring, updated bathrooms, landscaped courtyard, common laundry and on-site parking for each unit. It's a short walk to the Ocean Beach vibe on Newport Avenue with eclectic dining, boutique shops, local events, and endless beach activities. This is a true lifestyle and value-add opportunity in one of San Diego's most beloved coastal communities. Open the DOCUMENTS tab for the MARKETING BROCHURE which offers detailed info on unit features, upgrades and building elements. Proudly offered by JP Equity Real Estate.

4928 Coronado Avenue, 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

$3,250,000

NDP2603721 MLS ⋅ Active Status

Competitively Valued, we proudly present a rarely available 7-unit residential income property in the heart of Coronado. Combining two lots totaling 7,018 square feet and zoned R-3 and classified under Tier 3. Exceptional opportunity that surfaces once in a market cycle — just blocks from the iconic Ferry Landing with its waterfront dining, boutique shops, and direct access to San Diego Bay. Both APNs are being sold together. For the value-add investor, the existing units offer immediate upside through renovation and repositioning in one of California's most supply-constrained rental markets. For the developer or land banker, the R-3 zoning and combined lot size present a compelling future path — hold the asset, collect income, and develop a premium townhome community when the time is right. Whether your strategy is renovate, hold, or build, this property checks the box. Coronado does not offer second chances on opportunities like this one.

221 225 D Avenue, Coronado

$4,250,000

NDP2603354 MLS ⋅ Active Status

Summer steal! Priced to sell! Phenomenal opportunity to own this 7 UNIT multi-family apartment building just 2 blocks to the heart of the Village with options for your favorite cuisine and a few more blocks to the beach. Recently refreshed with new appliances, paint, water heaters, lighting, too much to list. This unique opportunity consists of 5 units that are 2BR/1BA (approximately 785 sqft), 1 unit that is 2BR/2BA with a large private yard (approximately 900 sqft), and 1 studio with a large private yard. Designated parking, common area laundry & private storage. Walk to the Village and beach. Improvements from top to bottom. Call listing agent for additional information.

2652 Jefferson Street Unit A-G, Carlsbad

$3,200,000

NDP2601867 MLS ⋅ Active Status

Being sold with additional parcel 1470581200, 718-20 Freeman St., for a total of 3.59 million. Total of 8 units. Seller would consider selling the 2 parcels separately as long as they close at the same time. Lot's of opportunity in an area that is going through redevelopment, continues to improve and grow, becoming a major Tourist/Beach destination. Less than a mile to the Beach and Oceanside Harbor, Pier, Farmers Market, Thursday Night Sunset Market, Restaurants, Shops, Top Gun House and more! Units are being upgraded as tenants vacate. So far 3 units have been updated. some units include A/C and Heating via Split Units. Other units have wall heaters. Continued maintenance and improvements to property monthly. All units on separate meters for utilities.

Oceanside

$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

$550,000

PTP2600317 MLS ⋅ Active Status ⋅ Old Well BLDG.

Prime property on .23 acres, on the corner of 3rd and B Street. One block up from Main Street, Julian. Two buildings on site. One, A historic hand-dug well in a pump house. Built in 1911, one of Julian's original wells. This structure is being used as a retail shop. The other building is a studio rental that has been upgraded. Full kitchen, bath and laundry facility. Level usable land. Sale comes with 3.3 EDU's ( for sewer). There is enough land available for additional residential and or commercial building(s) to be built. An Investors Dream.

2102 3rd Street, Julian

$3,200,000

NDP2201284 MLS ⋅ Active Status

Being sold with additional parcel 718-20 Freeman. Two lots being sold together for a total of 8 units. Current city regulations would only allow 6 (3 units per lot) so the additional 2 units are a bonus/grandfathered in. Lot's of opportunity in an area that is going through redevelopment, continues to improve and grow, becoming a major Tourist/Beach destination. Only 2 miles or less from Oceanside Harbor, Pier, Beaches, Farmers Market, Thursday Night Sunset Market, Restaurants, Shops, Top Gun House and more!

Oceanside

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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.