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$2,395,000
5 Beds 5 Baths 260019680 MLS ACTIVE Status . BLDG.
Artful design by architect Jeff Svitka brings an immaculate 1920s craftsman to life with a seamless modern masterpiece creating this unique four unit income property in the heart of North Park Priced to sell. This incredibly well-performing income property stays constantly occupied and commands a premium in one of San Diego's strongest rental markets. The 2 bed plus office / 2 bath Craftsman has been tastefully remodeled while maintaining the charm that is so highly desired and expected in a historic 1920s craftsman and sit's very privately on the lot with it's own private yard. In the back, the 3 story build completed in 2023 is a work of art that combines modern aesthetic and outdoor living into remarkable units adorned with high end finishes including wood floors and handmade tiles. The impressive glass walls flood each unit with light and the integrated gardens bring life to each unit. The third floor has panoramic views through to the Coronado bridge and the rooftop prepped for a rooftop deck enclosed with gardens presenting an opportunity to add immediate value to the property. All units are separately metered for gas and electric. There are 2 water meters. Owned Solar. In-Unit laundry for each unit. AC for each unit. Parking for each unit including 2 garages.

3760-66 Pershing Ave, North Park

$2,999,000
4 Beds 3 Baths PTP2606117 MLS ACTIVE Status
Exceptional Mission Beach investment opportunity! Zoned R-4, this ocean-view property features two homes on one parcel with no HOA and the potential to add additional units (buyer to verify with the City). Located just five homes from the beach, it offers the perfect blend of coastal living, flexibility, and income potential. The main residence features 3 bedrooms plus an optional 4th bedroom, 2.5 bathrooms, and over 1,900 square feet with vaulted wood-beam ceilings, abundant natural light, a spacious loft, two fireplaces, an attached two-car garage, and multiple outdoor spaces including a fenced patio, two decks, and two balconies with ocean views, sea breezes, and SeaWorld fireworks. The private 1-bedroom, 1-bath unit has its own entrance, balcony, granite countertops, stainless steel appliances, and washer/dryer hookups, ideal for rental income, guests, extended family or home office. Walk to the beach, Mission Bay, restaurants, shops, and Belmont Park. A rare opportunity to enjoy the property as your own beach retreat, generate rental income, or invest in future development potential. Exceptional Mission Beach investment opportunity! Zoned R-4, this ocean-view property features two homes on one parcel with no HOA and the potential to add additional units (buyer to verify with the City). Located just five homes from the beach, it offers the perfect blend of coastal living, flexibility, and income potential. The main residence features 3 bedrooms plus an optional 4th bedroom, 2.5 bathrooms, and over 1,900 square feet with vaulted wood-beam ceilings, abundant natural light, a spacious loft, two fireplaces, an attached two-car garage, and multiple outdoor spaces including a fenced patio, two decks, and two balconies with ocean views, sea breezes, and SeaWorld fireworks. The private 1-bedroom, 1-bath unit has its own entrance, balcony, granite countertops, stainless steel appliances, and washer/dryer hookups, ideal for rental income, guests, extended family or home office. Walk to the beach, Mission Bay, restaurants, shops, and Belmont Park. A rare opportunity to enjoy the property as your own beach retreat, generate rental income, or invest in future development potential.

728 Jamaica Ct, Pacific Beach/Mission Beach

$1,450,000
6 Beds 9 Baths 260019594 MLS ACTIVE Status San Diego BLDG.
BEST PRICED NEW CONSTRUCTION ON THE MARKET! Sub $1.5M for a 3 unit new build simply does not exist! Owner occupants, first time investors, portfolio buyers - there is something for everyone. At a 5.6 in place cap rate and 6.6 market cap, this 3 unit yields the best cash flow available to buyers for new builds or even in general. Ask listing agent about potential HUGE 6 figure tax depreciation strategy available. The property yields an amazing mix of all 2BR 2.5BA townhome style units. Off street parking includes a two car garage, and select units enjoy outdoor space including an oversized deck. Step inside and revere tasteful, custom upgrades not seen in most traditional new builds quickly saturating the market. With the beautiful product and a thoughtful design throughout, investors and owner occupants will reap all benefits possible.

2048-52 N Highland Ave, Logan Heights

$2,650,000
7 Beds 5 Baths 260019587 MLS ACTIVE Status N/A BLDG.
Introducing 3650 Quimby St, a newly completed four-unit community in the heart of Point Loma. This exceptional property features a fully renovated down to the studs, standalone 2-bedroom, 1-bathroom house, a stack of two newly constructed 2-bedroom 1-bathroom units, and an incredibly unique new construction 1-bedroom, 1.5-bathroom townhouse with a private rooftop deck offering stunning views of North San Diego Bay. All new construction and renovations were completed in 2025, delivering modern finishes, energy-efficient systems, and thoughtful design throughout. The interiors of these brand new homes were built to command top of market rents and feature new stainless steel appliances, quartz countertops, tiled backsplashes, stainless steel range hoods, glass shower doors and tiled enclosures, backlit mirrors in bathrooms, custom built-in shelves, refurbished and new hardwood floors, and ceiling fans. Residents of the 2-bedroom house benefit from a garage, oversized driveway that can fit up to 4 cars, and a large outdoor private patio. This community also features tandem parking spaces with alley access, a communal courtyard perfect for grilling and relaxing outside, and mini-split AC and in-unit laundry throughout every residence. Situated on a 5,227 SF lot, this property presents an ideal opportunity for a fully stabilized, hassle-free income generating complex, or an owner-user investor to live in one unit while generating rental income from the others. The unit mix caters to a variety of tenants, ensuring strong demand in one of San Diego’s most sought-after neighborhoods

3650 Quimby St, Point Loma (Pt Loma)

$1,375,000
4 Beds 3 Baths 260019547 MLS ACTIVE Status Linda Vista BLDG.
Turnkey Linda Vista Remodel with a Brand-New Income-Producing ADU... A Rare 2-for-1! This fully reimagined property with a brand-new, permitted 2026 ADU has its own separate address. Whether you're an investor seeking rental income, a buyer wanting space for extended family, or someone who needs a dedicated home office separate from daily living, this property delivers built-in flexibility that instantly sets it apart. The main house has been meticulously remodeled with new windows, new stucco, new luxury vinyl plank flooring, new lighting, and remodeled bathrooms. The single-level layout opens into a bright, airy floor plan designed for effortless entertaining and everyday living. Outside, newly installed low-maintenance turf front and back frames a private backyard with a storage shed. The ADU is Brand New Construction, not just a conversion. Built new in 2026 with its own address, the ADU features soaring ceilings in the living room, a full kitchen, a private bedroom, a designer-tiled bathroom with shower, stackable washer/dryer and separate meter. A mini-split system handles heating and cooling, and a private outdoor patio/yard adds separation and privacy from the main house. Rent it out to offset your mortgage, house family or guests, or run it as a private office or studio. Parking for up to 4 vehicles, with room for a boat or RV. Great freeway access and close to San Diego Mesa College, Sharp Memorial Hospital, top schools etc. A smart investment, a flexible starter home, or a multigenerational solution. Variance granted for 2-4 Units.

3475 Argyle St, Linda Vista

$16,390,000
81 Beds 49 Baths 260019532 MLS ACTIVE Status
Birch Terrace Apartments is a rare opportunity to acquire a recently renovated 48-unit community in the La Presa neighborhood of Spring Valley with significant upside through potential ADU conversion of existing carports,garage and storage space, a rarity for assets of this scale in San Diego County. Having received the majority of its capital improvements in a 2025 renovation, the property is turnkey and cash-flowing from day one, featuring a strong unit mix of sixteen 1BR/1BA, thirty-one 2BR/1BA, and one 3BR/1.5BA unit, most with in-unit laundry, supporting strong rents and quality tenancy in a high-demand rental corridor near major East County employment centers. A feasibility assessment indicates up to 12 units (approx. 25%) may be eligible for conversion, giving investors a rare combination of day-one stability and a defined, built-in upside strategy in a growing East County market.

9249 Birch St, Spring Valley

$1,995,000
4 Beds 3 Baths 260019489 MLS ACTIVE Status N/A BLDG.
Rare opportunity in highly desirable Pacific Beach! This unique property features two detached homes on a large, flat 6,242 sq. ft. lot, offering tremendous flexibility and future development potential. The front home features 3 bedrooms and 2 bathrooms, while the rear home offers 1 bedroom and 1 bathroom. Both charming beach homes retain original hardwood floors, adding character and coastal appeal. Even more exciting, the seller has approved plans for a 3rd unit above the rear home and garage, which will be conveyed with the sale. Whether you're looking to expand your investment, create additional rental income, or design a multi-generational living compound, this property offers an exceptional opportunity to add significant value. Located just 10 blocks from the ocean and close to beautiful Sail Bay, this is the quintessential Pacific Beach lifestyle. Walk to the beach, restaurants, coffee shops, Trader Joe's, Sprouts, and countless other amenities. Enjoy everything Pacific Beach has to offer, from coastal recreation and vibrant dining to convenient shopping and entertainment. A rare combination of two detached homes, a generous flat lot, approved plans for a 3rd unit, and an unbeatable beach-area location makes this an opportunity not to be missed!

1720 Reed Ave, Pacific Beach/Mission Beach

$1,890,000
6 Beds 3 Baths 260019480 MLS ACTIVE Status N/A BLDG.
Opportunity awaits to own a beautifully updated triplex in the heart of North Park. Each unit is tastefully redone. The property consists of 3 units professionally designed, all with A/C in a high rent area, near restaurants and nightlife. All units offer custom features, stainless steel appliances, and private accessibility. Conveniently located south of El Cajon Blvd and west of the 805 freeway. The first of the three units is a stand-alone unit, cottage style home with 2 bedrooms, 1 remodeled bathroom, small enclosed sun porch, private fenced side yard and 1 car garage with washer and dryer. Second unit also features 2 bedrooms and 1 bathroom, redone kitchen, lots of natural light, washer and dryer in unit and single car parking space. Third unit is 2 bedrooms, 1 bathroom and features an open floor plan, A/C, fenced in patio area and washer and dryer.

4135-39 32nd St, North Park

$4,950,000
6 Beds 4 Baths 260019464 MLS ACTIVE Status Isabella Cottages BLDG.
Three beach cottages. One 8,800+ square foot lot. Moments from the sand. Properties like this rarely reach the market in Coronado Village — not because they don't exist, but because families don't let them go. This one has been held by the same family for nearly fifty years. The cottages date to the 1920s, built by John E. Alcaraz, and they carry the scale and craftsmanship of Coronado's earliest years — a sense of place that can't be built new. What's uncommon is the land beneath them. More than 8,800 square feet, in a village where parcels this size seldom change hands, a short walk from Coronado Beach and the heart of the Village. That combination leaves the next owner with real choices: restore and preserve, hold for the long term, or take the time to study what the parcel might become.

1033-39 Isabella, Coronado

$10,250,000
NDP2607474 MLS ACTIVE Status
Rare coastal investment and development opportunity in the heart of Solana Beach. Located along the highly desirable Highway 101 corridor, this 0.79-acre property features 28 existing micro-apartment units totaling approximately 7,432 SF, providing in-place income with compelling long-term redevelopment and value-add potential. The property is within walking distance of the Ocean, Cedros Design District, Solana Beach Transit Center, boutique shopping, restaurants, and coastal amenities. Convenient access to I-5 further enhances this exceptional location. An outstanding opportunity to acquire a sizable income-producing property in one of Southern Californias most supply-constrained coastal communities. Future expansion, redevelopment, and alternative uses are subject to buyer investigation and applicable municipal approvals. Please do not disturb tenants. Text Al Apuzzo (619) 573-7845 for additional information or property tours. Rare coastal investment and development opportunity in the heart of Solana Beach. Located along the highly desirable Highway 101 corridor, this 0.79-acre property features 28 existing micro-apartment units totaling approximately 7,432 SF, providing in-place income with compelling long-term redevelopment and value-add potential. The property is within walking distance of the Ocean, Cedros Design District, Solana Beach Transit Center, boutique shopping, restaurants, and coastal amenities. Convenient access to I-5 further enhances this exceptional location. An outstanding opportunity to acquire a sizable income-producing property in one of Southern Californias most supply-constrained coastal communities. Future expansion, redevelopment, and alternative uses are subject to buyer investigation and applicable municipal approvals. Please do not disturb tenants. Text Al Apuzzo (619) 573-7845 for additional information or property tours.

225 S Hwy 101, Solana Beach

$699,900
4 Beds 3 Baths PTP2606018 MLS ACTIVE Status
Exceptional investment opportunity featuring a spacious 3-bedroom, 2-bath front unit and a separate 1-bedroom, 1-bath rear unit. The 1-bedroom, 1-bath unit is currently vacant, providing an excellent opportunity for an owner-occupant to move in immediately or for an investor to lease at current market rents. The larger 3-bedroom, 2-bath unit is tenant occupied, offering immediate income potential. Situated on a desirable corner lot in a convenient central San Diego location, the property is close to shopping, restaurants, schools, parks, public transportation, and major freeways. The owner reports established rental income with additional upside potential. City of San Diego have indicated the property may qualify for additional ADU development opportunities, buyer/buyer's agent to verity. Estimate of square footage is 1045 sq ft. Assessor's records show 880 sq ft, permits unknown. Exceptional investment opportunity featuring a spacious 3-bedroom, 2-bath front unit and a separate 1-bedroom, 1-bath rear unit. The 1-bedroom, 1-bath unit is currently vacant, providing an excellent opportunity for an owner-occupant to move in immediately or for an investor to lease at current market rents. The larger 3-bedroom, 2-bath unit is tenant occupied, offering immediate income potential. Situated on a desirable corner lot in a convenient central San Diego location, the property is close to shopping, restaurants, schools, parks, public transportation, and major freeways. The owner reports established rental income with additional upside potential. City of San Diego have indicated the property may qualify for additional ADU development opportunities, buyer/buyer's agent to verity. Estimate of square footage is 1045 sq ft. Assessor's records show 880 sq ft, permits unknown.

4728- 4730 Myrtle Ave, East San Diego

$1,525,000
6 Beds 3 Baths CV26171205 MLS ACTIVE Status
Excellent investment opportunity in Imperial Beach! This triplex offers strong income potential with significant upside for an investor looking to increase rents and potentially add additional units. Current rents are below market, providing an opportunity to improve future cash flow, while the expansive yard may offer potential for additional units or ADU development, subject to City approval and applicable zoning requirements. The property consists of three individual units, each featuring a functional floor plan with a living room, dining area, kitchen, two bedrooms, and one bathroom. Each unit also includes its own private storage space. Parking is abundant, with each unit having two designated off-street parking spaces conveniently accessible from the rear alley. Ideally located near Oneonta Elementary School, the Imperial Beach Pier, beaches, shopping, dining, and convenient access to Interstate 5. Whether you're looking to expand your investment portfolio, improve existing rents, or explore future development opportunities, this property offers tremendous potential in a highly desirable Southern California coastal community. A must-see opportunity! Excellent investment opportunity in Imperial Beach! This triplex offers strong income potential with significant upside for an investor looking to increase rents and potentially add additional units. Current rents are below market, providing an opportunity to improve future cash flow, while the expansive yard may offer potential for additional units or ADU development, subject to City approval and applicable zoning requirements. The property consists of three individual units, each featuring a functional floor plan with a living room, dining area, kitchen, two bedrooms, and one bathroom. Each unit also includes its own private storage space. Parking is abundant, with each unit having two designated off-street parking spaces conveniently accessible from the rear alley. Ideally located near Oneonta Elementary School, the Imperial Beach Pier, beaches, shopping, dining, and convenient access to Interstate 5. Whether you're looking to expand your investment portfolio, improve existing rents, or explore future development opportunities, this property offers tremendous potential in a highly desirable Southern California coastal community. A must-see opportunity!

1221 Florida St, Imperial Beach

$4,100,000
26 Beds 26 Baths 260019277 MLS ACTIVE Status
We are pleased to present 5260-62 Rex Avenue, a 13-unit property located in the City Heights neighborhood of San Diego, CA situated on two adjacent lots totaling 0.23 acres. The property is comprised of thirteen (13) two-bedroom / two-bathroom units and has 11 single car garages which presents an opportunity for ADU conversion. City Heights is known for its cultural diversity, locally owned businesses, and international cuisine. The residents are centrally located in San Diego near ground zero of City Heights new urban core. Residents enjoy quick access to El Cajon Boulevard and Interstate-15. This property is situated in a transit-oriented neighborhood with many public transportation options nearby. Located along major east-west/north-south thoroughfares and transit hubs provides residents ease of access to jobs, education, public facilities, parks and community recreation. The property boasts a walk score of 93 on Walkscore.com’s 100-point scale and is considered “Very Walkable” as daily errands do not require a car and countless retailers, restaurants, and services are also nearby. This property provides an investor the opportunity to purchase a quality value-add asset in a high barrier to entry market. The property has undergone consistent renovations throughout the units demonstrating pride of ownership and provides a prime opportunity to continue improvement through the potential development of additional units.

5260 Rex Ave, East San Diego

$1,900,000
8 Beds 6 Baths PTP2605975 MLS ACTIVE Status
Rare three-unit opportunity in the heart of Chula Vista, prominently situated on the corner of Del Mar Avenue and Davidson Street, just two blocks from Third Avenue. Built in 2015 and recognized through the City of Chula Vistas Ribbons & Shovels Awards, this beautifully maintained property stands apart with Craftsman-inspired architecture, mature water saving landscaping, covered balconies, stone accents, and thoughtful design throughout. The property includes two 3-bedroom residences with large 2-car garages and one 2-bedroom residence with a 1-car garage and additional off-street parking. Each residence features air conditioning, wood flooring, crown molding, upgraded trim, custom cabinetry, stainless-steel appliances, and a front-loading stackable washer and dryer. 249 Del Mar offers 3 bedrooms, 2.5 bathrooms, a private balcony, and an attached 2-car garage. Its custom kitchen features distressed-finish cabinetry, granite countertops, a decorative backsplash, and a breakfast bar. 241 Davidson #201 offers 3 bedrooms, 2 bathrooms, a covered balcony, a 2-car garage, and single-level living above the garages. Highlights include a custom kitchen, rich wood cabinetry, granite countertops, and a separate dining area with built-in cabinets. 241 Davidson #101 offers 2 bedrooms, each with its own bathroom, a generously sized custom kitchen, an efficient living area, wood flooring, a front balcony accessed from one bedroom, a 1-car garage, and parking for two additional vehicles. Enjoy Downtown Chula Vista living just two blocks from Third Avenues restaurants, coffee shops, bakerie Rare three-unit opportunity in the heart of Chula Vista, prominently situated on the corner of Del Mar Avenue and Davidson Street, just two blocks from Third Avenue. Built in 2015 and recognized through the City of Chula Vistas Ribbons & Shovels Awards, this beautifully maintained property stands apart with Craftsman-inspired architecture, mature water saving landscaping, covered balconies, stone accents, and thoughtful design throughout. The property includes two 3-bedroom residences with large 2-car garages and one 2-bedroom residence with a 1-car garage and additional off-street parking. Each residence features air conditioning, wood flooring, crown molding, upgraded trim, custom cabinetry, stainless-steel appliances, and a front-loading stackable washer and dryer. 249 Del Mar offers 3 bedrooms, 2.5 bathrooms, a private balcony, and an attached 2-car garage. Its custom kitchen features distressed-finish cabinetry, granite countertops, a decorative backsplash, and a breakfast bar. 241 Davidson #201 offers 3 bedrooms, 2 bathrooms, a covered balcony, a 2-car garage, and single-level living above the garages. Highlights include a custom kitchen, rich wood cabinetry, granite countertops, and a separate dining area with built-in cabinets. 241 Davidson #101 offers 2 bedrooms, each with its own bathroom, a generously sized custom kitchen, an efficient living area, wood flooring, a front balcony accessed from one bedroom, a 1-car garage, and parking for two additional vehicles. Enjoy Downtown Chula Vista living just two blocks from Third Avenues restaurants, coffee shops, bakeries, breweries, local businesses, community events, and Sunday farmers market. The Chula Vista Marina and Bayfront are also nearby, offering waterfront parks, shoreline walks, boating, fishing, and scenic views across San Diego Bay. **Pictures of 249 Del Mar and unit #201 were taken before tenants occupancy. Exterior pictures are current and some when built.**

249 Del Mar Ave, Chula Vista

$2,795,000
6 Beds 8 Baths 260019172 MLS ACTIVE Status Balboa Pointe Townhomes BLDG.
Whitewater Commercial Real Estate is pleased to present Balboa Pointe Townhomes Parcel 3, a rare opportunity to acquire a brand new constructed 4-unit multifamily property in the heart of Pacific Beach. Delivered in 2026, Parcel 3 is the first completed property within the master-planned Balboa Pointe Development, a seven-property, 28-unit residential community being delivered throughout 2026. The offering consists entirely of townhome-style residences and provides investors the opportunity to acquire modern coastal multifamily product in one of San Diego's most supply-constrained rental markets. Ideally located near Mission Bay, the Pacific Ocean, Trader Joe's, Vons, popular restaurants, nightlife, and major employment centers, Balboa Pointe Townhomes offers an exceptional combination of lifestyle, rental demand, and long-term investment fundamentals.

2141 Balboa Ave, Pacific Beach/Mission Beach

$1,100,000
6 Beds 3 Baths 260019169 MLS ACTIVE Status Chula Vista BLDG.
Exceptional triplex with established rental income in one of Chula Vista's most desirable neighborhoods! This versatile property is ideal for investors or owner occupants, featuring two tenant-occupied duplex units generating steady monthly income and a vacant detached home ready for immediate occupancy. The duplex consists of two spacious units, each offering over 800 square feet with 2 bedrooms, 1 bathroom, private rear patios, one assigned on-site parking space, and many updates throughout. Photos of the duplex units were taken prior to tenant occupancy and showcase the bright, sun-filled interiors. The detached residence is a charming 2-bedroom, 1-bathroom home featuring an extra large attached one car garage with additional storage area, and the privacy of a single-family residence. Move right in while benefiting from the existing rental revenue, or lease the third unit to maximize returns. All three residences have been updated, offering an investment with minimal deferred maintenance. Conveniently located just minutes from the exciting Chula Vista Bayfront redevelopment, marina, waterfront parks, historic downtown district, shopping, dining, schools, and public transportation, with quick access to both Interstate 5 and Interstate 805. An outstanding opportunity to own a well maintained, income producing property in a prime Chula Vista location.

223 Madrona, Chula Vista

$895,000
3 Beds 2 Baths NDP2607364 MLS ACTIVE Status
Four-unit mixed-use asset on Highland Avenue, one of National City's designated mixed-use commercial corridors. The property is recorded as 3 units on title and currently operates as 4, combining two residential units at the rear of the parcel, a 2 bedroom, 1 bath home and a 1 bedroom, 1 bath unit, with two ground floor commercial suites fronting Highland Avenue, a retail salon and an office. Two of the four operating units offer immediate leasing opportunity, alongside meaningful upside as the remaining units are brought to market. A full video and photography marketing package, including additional photos, rent roll detail, and property information, is available for interested buyers. Contact Ivan Del Muro-Garcia at 619.623.2132 or idmg@lee-associates.com for offering details, or to see what else is currently available in San Diego multifamily. Zoned MXC-2, Major Mixed-Use Corridor, the property permits single-family, multifamily, and mixed residential/commercial development by right, supports up to 75 dwelling units per acre, and allows buildings as tall as 65 feet, subject to the City's approval process. Buyer to independently verify all information including square footage, zoning, year built, and development potential. Four-unit mixed-use asset on Highland Avenue, one of National City's designated mixed-use commercial corridors. The property is recorded as 3 units on title and currently operates as 4, combining two residential units at the rear of the parcel, a 2 bedroom, 1 bath home and a 1 bedroom, 1 bath unit, with two ground floor commercial suites fronting Highland Avenue, a retail salon and an office. Two of the four operating units offer immediate leasing opportunity, alongside meaningful upside as the remaining units are brought to market. A full video and photography marketing package, including additional photos, rent roll detail, and property information, is available for interested buyers. Contact Ivan Del Muro-Garcia at 619.623.2132 or idmg@lee-associates.com for offering details, or to see what else is currently available in San Diego multifamily. Zoned MXC-2, Major Mixed-Use Corridor, the property permits single-family, multifamily, and mixed residential/commercial development by right, supports up to 75 dwelling units per acre, and allows buildings as tall as 65 feet, subject to the City's approval process. Buyer to independently verify all information including square footage, zoning, year built, and development potential.

1343-45 Highland Ave, National City

$765,000
2 Beds 1 Baths NDP2607359 MLS ACTIVE Status
Detached two-unit duplex in San Diego's Shelltown neighborhood, offering a straightforward value-add opportunity for the right buyer. The property includes a 2 bedroom, 1 bath unit and a 1 bedroom, 1 bath unit on a 5,927 SF lot, zoned CN-1-3. Current income sits well below market rent, giving a new owner meaningful upside through rent growth alone, with no rezoning or redevelopment required. The site's zoning also suggests potential capacity for a third unit, subject to City verification of parking, setbacks, and other development standards, along with flexibility for small-scale, neighborhood-serving commercial use. Located less than five miles from Downtown San Diego, with easy access to I-5, the San Diego Trolley Blue Line, and the Route 929 bus. Detached two-unit product like this is increasingly hard to find in this corridor. A full video and photography marketing package, including additional photos, rent roll detail, and property information, is available for interested parties. Contact Ivan Del Muro-Garcia at 619.623.2132 or idmg@lee-associates.com for offering details, or to see what else is currently available in San Diego multifamily. Buyer to independently verify all information including square footage, zoning, year built, and development potential. Detached two-unit duplex in San Diego's Shelltown neighborhood, offering a straightforward value-add opportunity for the right buyer. The property includes a 2 bedroom, 1 bath unit and a 1 bedroom, 1 bath unit on a 5,927 SF lot, zoned CN-1-3. Current income sits well below market rent, giving a new owner meaningful upside through rent growth alone, with no rezoning or redevelopment required. The site's zoning also suggests potential capacity for a third unit, subject to City verification of parking, setbacks, and other development standards, along with flexibility for small-scale, neighborhood-serving commercial use. Located less than five miles from Downtown San Diego, with easy access to I-5, the San Diego Trolley Blue Line, and the Route 929 bus. Detached two-unit product like this is increasingly hard to find in this corridor. A full video and photography marketing package, including additional photos, rent roll detail, and property information, is available for interested parties. Contact Ivan Del Muro-Garcia at 619.623.2132 or idmg@lee-associates.com for offering details, or to see what else is currently available in San Diego multifamily. Buyer to independently verify all information including square footage, zoning, year built, and development potential.

1525-27 S 42nd St, Logan Heights

$2,590,000
6 Beds 5 Baths 260019147 MLS ACTIVE Status Complex BLDG.
We are pleased to exclusively present for sale 3767 7th Avenue, an exceptionally restored Spanish-style multifamily investment located in the heart of Hillcrest, one of San Diego’s most desirable and supply-constrained urban neighborhoods. Combining stabilized in-place cash flow with fully entitled expansion potential, the offering presents a rare opportunity to acquire a trophy-quality asset featuring immediate development upside. The property currently consists of four legal apartment units and one non-conforming one-bedroom unit, while approved plans allow a purchaser to immediately commence construction of nine additional apartment units and legalize the existing non-conforming residence, resulting in a 14-unit apartment community upon completion. Originally constructed in 1930, the property has undergone an extensive, condo-quality restoration over recent years, preserving its timeless Spanish architecture while incorporating modern luxury finishes throughout. The existing improvements comprise approximately 3,910 rentable square feet and include a highly desirable unit mix consisting of one (1) 2-bedroom / 2-bath townhome (±1,200 SF), two (2) 2-bedroom / 1-bath residences (±875 SF each), one (1) studio (±400 SF), and one (1) non-conforming 1-bedroom / 1-bath unit (±560 SF) converted from a former laundry facility. The property currently generates approximately $167,200 in annual gross income, providing investors with meaningful in-place cash flow while preparing for immediate vertical expansion. Unlike traditional development opportunities requiring years of entitlement risk, 3767 7th Avenue offers the rare advantage of approved plans already in place, allowing a buyer to move directly into construction and significantly accelerate project timelines. Upon completion of the approved improvements, investors will own a substantially larger, institutional-quality apartment community in one of San Diego’s strongest rental markets, benefiting from increased economies of scale, long-term appreciation, and enhanced operating efficiencies. An additional financing advantage further differentiates the offering. Because the property is currently legally comprised of four residential units, qualified purchasers may be eligible to obtain high loan-to-value residential financing with long-term fixed-rate terms, providing a significantly lower cost of capital than traditional commercial multifamily financing while simultaneously controlling a future development opportunity. Located in the center of Hillcrest, one of San Diego’s premier walkable neighborhoods, the property is just steps from Whole Foods Market, Balboa Park, and the area’s vibrant collection of acclaimed restaurants, cafés, nightlife, boutique retail, and employment centers. Hillcrest’s exceptional walkability, limited housing supply, and consistently strong rental demand continue to support long-term rent growth and investor confidence. Each residence has been thoughtfully renovated with luxury finishes designed to compete with newly constructed product, including fully remodeled interiors, in-unit washer and dryers, air conditioning, new stainless steel appliances, gas ranges, dishwashers, abundant natural light, and designer finishes throughout. The property also benefits from four off-street parking spaces. Utility expenses are efficiently managed through a RUBS program whereby tenants pay their own electric, gas, cable/internet service, plus $50 per resident monthly toward water, while ownership remains responsible only for trash and sewer service. 3767 7th Avenue represents a highly differentiated investment opportunity combining immediate cash flow, luxury existing improvements, entitled development potential, attractive financing advantages, and an irreplaceable Hillcrest location, a combination that is seldom available within San Diego’s multifamily market.

3767 7th Ave, Mission Hills

$1,299,000
NDP2607340 MLS ACTIVE Status
Rich in character & architectural charm, this North Park Spanish-style home showcases the craftsmanship & timeless appeal that define the neighborhood. Thoughtful updates complement its original character while preserving its distinctive charm. The 2 bedroom 1 bath main residence lives and feels like a single family home, all while a separate attached 1BR/1BA unit with its own entrance & patio area provides an ideal space for guests, extended family or rental income. Upgrades include 3 mini-split systems in the main house, newer TPO energy efficient roof, new vinyl fencing, 30 AMP EV car charger, new refrigerator & range in the main house, new paint throughout, & the studio has new flooring, freshly painted kitchen cabinets & a freshly tiled walk-in shower. Situated in San Diegos most vibrant & walkable neighborhoods, homes like this rarely come up in this location. Assumable 2.5% loan approx balance $579 (Buyers to pay any fees and carrying cost for time to assume the loan. process could take 3-6 months). Rich in character & architectural charm, this North Park Spanish-style home showcases the craftsmanship & timeless appeal that define the neighborhood. Thoughtful updates complement its original character while preserving its distinctive charm. The 2 bedroom 1 bath main residence lives and feels like a single family home, all while a separate attached 1BR/1BA unit with its own entrance & patio area provides an ideal space for guests, extended family or rental income. Upgrades include 3 mini-split systems in the main house, newer TPO energy efficient roof, new vinyl fencing, 30 AMP EV car charger, new refrigerator & range in the main house, new paint throughout, & the studio has new flooring, freshly painted kitchen cabinets & a freshly tiled walk-in shower. Situated in San Diegos most vibrant & walkable neighborhoods, homes like this rarely come up in this location. Assumable 2.5% loan approx balance $579 (Buyers to pay any fees and carrying cost for time to assume the loan. process could take 3-6 months).

3606 Florida, North Park

$1,399,000
5 Beds 3 Baths 260019027 MLS ACTIVE Status N/A BLDG.
Completely Remodeled, this rare opportunity offers 5 bedrooms and 3 bathrooms across 3,295 square feet. A 3-bedroom, 2-bathroom upper unit and a 2-bedroom, 1-bathroom lower unit with a bonus storage room. The upper unit also enjoys the benefit of owned solar, helping offset energy costs, and the spacious yard offers potential for an additional ADU. Live upstairs and offset your mortgage with a rental unit below or rent both! Updated from top to bottom, both units feature designer kitchens with freshly painted cabinetry and new appliances, remodeled bathrooms, LVP flooring, fresh paint, and new windows, along with a retiled fireplace in the upper unit. An attached two-car garage plus ample street parking complete the package. This home is minutes from San Diego State University, El Cajon Boulevard's restaurants and shops, with easy access to I-8 and I-15 one of Mid-City's most desirable rental markets.

6115 Carling Way, Talmadge/San Diego Central

$3,850,000
11 Beds 7 Baths 260019023 MLS ACTIVE Status
2175–2177 Bacon Street presents a fully renovated seven-unit apartment property located approximately three blocks from the beach in Ocean Beach. Renovated from the studs in 2026, the property includes two 1-bedroom/1-bath units, four 2-bedroom units, and a detached 1-bedroom/1-bath casita with a den. Improvements include updated kitchens and bathrooms, stainless steel appliances, durable flooring, in-unit laundry, central air conditioning, dual-pane windows, and modern finishes. Additional features include private exterior storage for each unit, two single-car garages, off-street parking, and select private outdoor areas. Conveniently located near restaurants, cafés, shopping, recreation, and major transportation routes. Buyer to verify all property information, including unit count, square footage, permits, and income and expense figures.

2175-77 Bacon St, Ocean Beach (OB)

$2,300,000
260019015 MLS ACTIVE Status
Exceptional Income-Producing Opportunity in the Heart of Alpine! This unique property offers a rare combination of residential and commercial income potential across two separate legal lots totaling approximately 2.24 acres, ideally positioned directly along Alpine Boulevard with convenient access to the freeway, shopping, restaurants, and everyday amenities. The property features three detached residential rental units, providing multiple sources of rental income and flexibility for an investor or owner user. In addition, a commercial rental storefront offers an additional income stream and valuable frontage along Alpine Boulevard. With multiple detached structures, expansive acreage, excellent visibility, and a highly desirable location, this property presents an incredible opportunity to own a versatile income producing asset in Alpine. Whether you're looking to expand your investment portfolio or capitalize on the property's residential and commercial potential, this is an opportunity not to be missed!

2560-66 Alpine Blvd, Alpine

$3,699,000
7 Beds 5 Baths 260018995 MLS ACTIVE Status Coronado Village BLDG.
A rare 2-on-1 opportunity in Coronado Village, offered on two separate underlying parcels. The existing lot configuration opens the door to future construction of two detached single-family homes — a meaningful advantage for buyers with redevelopment in mind, and equally compelling as an income-producing hold. The main residence offers four bedrooms and 2.5 baths, with spacious living and family rooms, generously scaled bedrooms, multiple outdoor spaces for entertaining, and a two-car garage with additional driveway parking. Located behind it is a fully detached three-bedroom, 1.5-bath residence includes its own attached garage and a spacious private yard. Legally rentable. Live in one and lease the other, house extended family, or plan for what comes next. Properties with this kind of flexibility rarely surface in the Village.

349-51 G, Coronado

$2,450,000
8 Beds 6 Baths PTP2605877 MLS ACTIVE Status
Rare Opportunity to own a newer apartment building finished in 2020 in one of San Diego's most prestigious neighborhoods. This property generates great cash flow at $13,065 per month and gives the new owner the opportunity to take advantage of a newly constructed apartment complex with paid off solar. Utah St has plenty of onsite parking both in front and on alley as well as in unit washer and dryers. Its a 5 Unit building. 2 (2/2), 2 (2/1) and a studio. The two bedrooms range in size from 750 sqft - 845 sqft. This location attracts young professionals who are looking for a great central location as well as a beautiful building with contemporary finishes. Located just off of El Cajon blvd within minutes of all the action. The building is fully leased out with great tenants who love the property. Rare Opportunity to own a newer apartment building finished in 2020 in one of San Diego's most prestigious neighborhoods. This property generates great cash flow at $13,065 per month and gives the new owner the opportunity to take advantage of a newly constructed apartment complex with paid off solar. Utah St has plenty of onsite parking both in front and on alley as well as in unit washer and dryers. Its a 5 Unit building. 2 (2/2), 2 (2/1) and a studio. The two bedrooms range in size from 750 sqft - 845 sqft. This location attracts young professionals who are looking for a great central location as well as a beautiful building with contemporary finishes. Located just off of El Cajon blvd within minutes of all the action. The building is fully leased out with great tenants who love the property.

4153-55 Utah St, North Park

$2,100,000
6 Beds 4 Baths 260018949 MLS ACTIVE Status Burgundy Bungalow BLDG.
Exceptional, fully renovated triplex in the heart of Point Loma offering the perfect blend of luxury, flexibility, and proven income potential. Currently operating as a successful and profitable Airbnb, this turnkey property is an outstanding opportunity for investors or owner-occupants alike. Every detail has been thoughtfully redesigned with no expense spared, featuring beautifully updated kitchens, spa-inspired bathrooms, stylish flooring, and high-end finishes throughout. Owned solar panels and no deferred maintenance provide low-maintenance, cost-efficient ownership from day one. Each residence includes quartz countertops, stainless steel appliances, updated cabinetry, and contemporary finishes. Unit A offers 4 bedrooms, 2 bathrooms, central A/C, and a spacious open layout ideal for owner occupancy or premium rental income. Unit B features 2 bedrooms, 1 bathroom, and mini-split systems in each bedroom for personalized comfort. Unit C is a charming studio with 1 bathroom, perfect for guests or additional rental income. The shared outdoor space includes a fire pit and jacuzzi, creating the perfect setting to relax or entertain. Just minutes from the beach, Sunset Cliffs, popular restaurants, boutique shopping, and everything Ocean Beach has to offer, this rare multifamily property delivers modern upgrades, exceptional flexibility, strong income potential, and an unbeatable coastal lifestyle in one of San Diego's most desirable beach communities. Exceptional, fully renovated triplex in the heart of Point Loma offering the perfect blend of luxury, flexibility, and income potential. Every detail has been thoughtfully redesigned with no expense spared—from the beautifully appointed kitchens and spa-inspired bathrooms to the high-end finishes throughout. With owned solar panels and no deferred maintenance, this turnkey property is ready to enjoy from day one. Currently operating as a successful and profitable Airbnb, this turnkey investment offers immediate income potential while also providing exceptional flexibility for future use. Whether you're an investor seeking a high-performing short-term rental or an owner-occupant looking to offset your mortgage by renting the additional units, this property is an outstanding opportunity. Each residence features designer kitchens with quartz countertops, stainless steel appliances, updated cabinetry, modern bathrooms, stylish flooring, and fresh contemporary finishes. Unit A offers 4 bedrooms, 2 bathrooms, central A/C, and a spacious open-concept layout ideal for owner occupancy or premium rental income. Unit B features 2 bedrooms, 1 bathroom, and individual mini-split systems in each bedroom for personalized comfort. Unit C is a charming studio with 1 bathroom, perfect for guests, long-term tenants, or additional rental income. The shared outdoor space creates an inviting extension of the property with a fire pit and jacuzzi, providing the perfect setting to relax or entertain. Ideally located just minutes from the beach, Sunset Cliffs, local restaurants, boutique shopping, and all that Ocean Beach has to offer, this rare multifamily opportunity combines modern upgrades, proven income potential, low-maintenance ownership, and an unbeatable coastal lifestyle in one of San Diego's most sought-after neighborhoods.

1988 Catalina A, B, C, Point Loma (Pt Loma)

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