San Diego (92102) Homes with Multi Family Subtype

Welcome to the vibrant heart of San Diego, specifically the 92102 zip code, a thriving area that perfectly blends urban living with a sense of community. Nestled in the bustling city of San Diego, this region is renowned for its rich cultural diversity, eclectic neighborhoods, and proximity to stunning coastal vistas. With its warm climate year-round, residents enjoy an outdoor lifestyle that includes everything from beach outings to hiking in nearby parks.

The 92102 area is particularly appealing for those seeking multi-family homes. These properties offer a unique opportunity for investment, whether you’re looking to generate rental income or accommodate extended family. Multi-family homes in this region range from charming duplexes to modern apartment complexes, catering to various lifestyles and budgets. The demand for rental units is consistently high, making this an attractive option for savvy investors.

Living in 92102 means you’re just moments away from vibrant local dining, shopping, and entertainment options. Explore the nearby Gaslamp Quarter, known for its nightlife and historic architecture, or take a leisurely stroll through Balboa Park, home to beautiful gardens and world-class museums.

With its dynamic atmosphere, diverse housing options, and a strong sense of community, San Diego's 92102 zip code is an ideal place to call home. Whether you’re looking to invest in a multi-family property or find a cozy residence, this area offers the perfect blend of opportunity and lifestyle. Discover your next chapter in this enchanting part of San Diego!

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

Start Your Search

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.