Sorrento Mesa Real Estate Search

Sorrento Mesa Multi-Family Properties for Sale

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Newest Sorrento Mesa Multi-Family Homes for Sale

$2,300,000
4 Beds 3 Baths 260022217 MLS ACTIVE Status Balboa Park BLDG.
We are pleased to present 3560-64 Front Street, a rare multi-residential investment opportunity located in the heart of Hillcrest, one of San Diego's most sought-after urban infill neighborhoods. Situated on an expansive 6,496 square-foot parcel and zoned RM-3-7, the property offers investors and developers a unique opportunity to acquire a large, well-positioned property in a supply-constrained submarket where development opportunities are increasingly difficult to secure. The existing improvements consist of three fully renovated residences, including a studio, a two-bedroom/one-bath unit, and a two-bedroom/two-bath unit. The residences feature original hardwood flooring, decorative fireplaces, spacious foyers, abundant natural light, remodeled kitchens and bathrooms, upgraded fixtures and finishes, and private outdoor living areas, including a spacious deck and a Juliet balcony accessed through elegant French doors in the primary residence. The property also has a large storage space at the back of the property that could be converted to a legal unit via ADU conversion. Delivering a significant advantage to a new investor, the property has recently received historical clearance, providing greater certainty for future redevelopment planning. Poised to be delivered 100% vacant at the close of escrow, the property also offers immediate control of the site without tenancy challenges. Positioned just minutes from Downtown San Diego, Balboa Park, UC San Diego Medical Center, and the vibrant Hillcrest dining, retail, and entertainment corridor.

3560-64 Front St, Mission Hills

$2,449,000
7 Beds 6 Baths 260022212 MLS ACTIVE Status Sfr Plus Adus BLDG.
A rare opportunity to own a three-unit income property in the heart of North Park & University Heights, combining a fully renovated primary Detached Main House with Two Brand-new ADU residences completed in 2026, all situated on a desirable corner lot. The front residence at 4403 Idaho Street is a fully renovated 3-bedroom, 2-bath home featuring a permitted addition, new roof, new A/C, new appliances, contemporary finishes, and a private front yard offering the feel and privacy of a single-family residence. Currently tenant-occupied at $4,000 per month. At the rear of the property is a newly constructed two-story ADU building completed in 2026, consisting of two residences totaling approximately 1,330 SF, each offering 2 bedrooms and 2 bathrooms. With separate addresses at 2810 and 2812 Meade Avenue, separate electric meters, private entrances, and modern finishes, these residences offer excellent flexibility and rental potential. The corner-lot configuration truly sets this property apart. With the rear residences separately accessed from Meade Avenue, they feel more like a distinct residential building than traditional backyard ADUs, providing excellent separation and privacy. A private driveway accommodates up to two vehicles. Offering a total of three residences, 7 bedrooms, and 6 bathrooms in one of San Diego’s most desirable rental markets, this property presents a unique opportunity for investors, owner-users, or multigenerational living.

4403 Idaho St, Normal Heights

$3,490,000
7 Beds 4 Baths 260022191 MLS ACTIVE Status
A newly renovated turn-key coastal Encinitas multifamily asset with recently constructed ADU additions, and strong in-place income in one of Southern California’s most supply-constrained rental markets. Each residence offers abundant natural light, large private enclosed backyards, and mature landscaping that creates a unique residential environment rarely found in multifamily investments of this scale. The property combines modern improvements with a low-density coastal living experience that strongly differentiates it from traditional apartment product throughout Southern California. Introducing 931–937 Regal Road, a rare opportunity to acquire a standout property on a nearly 10,000 SF lot in the highly desirable coastal community of Encinitas. Completed with extensive renovations and recent additional units, construction and improvements finalized from 2020 to 2025, this exceptional investment offers a highly attractive unit mix. Units as follows: 3: 2 bed/1bath original residences and 1: 1 bed/1 bath ADU recently constructed. Plus additional adu. This is the Northerly half of mirror image courtyard development. The adjacent south multi unit mirror image property is also available separately. The property has undergone a comprehensive, transformation featuring newly constructed and fully remodeled original residences. Interior upgrades include modern quartz countertops, renovated kitchens and bathrooms, tile flooring throughout, updated electrical systems, new AC units serving the newly built units, and new roofs.

931-937 Regal Rd, Encinitas

$3,349,000
6 Beds 4 Baths 260022180 MLS ACTIVE Status Nk BLDG.
A newly renovated turn-key coastal Encinitas multifamily asset with recently constructed ADU additions, and strong in-place income in one of Southern California’s most supply-constrained rental markets. Each residence offers abundant natural light, large private enclosed backyards, and mature landscaping that creates a unique residential environment rarely found in multifamily investments of this scale. The property combines modern improvements with a low-density coastal living experience that strongly differentiates it from traditional apartment product throughout Southern California. Introducing 921–927 Regal Road, a rare opportunity to acquire a standout property on a nearly 10,000 SF lot in the highly desirable coastal community of Encinitas. Completed with extensive renovations and recent additional units, construction and improvements finalized from 2020 to 2025, this exceptional investment offers a highly attractive unit mix. Units as follows: 2: 2 bed/1bath original residences and 2: 1 bed/1 bath ADU’s recently constructed. Plus additional ADU. This is the Northerly half of mirror image courtyard development. The adjacent south multi unit mirror image property is also available separately. The property has undergone a comprehensive, transformation featuring newly constructed and fully remodeled original residences. Interior upgrades include modern quartz countertops, renovated kitchens and bathrooms, tile flooring throughout, updated electrical systems, new AC units serving the newly built units, and new roofs. Located in one of North County San Diego’s most

921-927 Regal Rd, Encinitas

$1,898,000
3 Beds 3 Baths ND26196655 MLS ACTIVE Status
FIRST TIME ON THE MARKET SINCE 1986 | DEL MONTE COTTAGES | OCEAN BEACH | WALK TO SUNSET CLIFFS | 6,290 SF LOT | Three one-bedroom cottages on quiet Del Monte Ave, South OB. Walking distance to Sunset Cliffs Natural Park and Little Lion, with Newport Avenues arts, nightlife, and beach scene just the other way. One of the last stretches of coastal San Diego where original cottages still sit intact on a large multifamily-zoned lot with alley access, offering incredible development potential within OB's coastal height limits. Boasting an 89 Walk Score, its a walkers paradise from the OB Pier to the tide pools and Dog Beach. Bike to Target, OB Peoples Food Co-op, and the Wednesday Farmers Market. OBs flat street grid connects the boardwalk to Newport Avenues antique shops, murals, and eclectic eateries, plus a lively brewery scene (Sunshine Company Saloon, Kilowatt Brewing, Mike Hess Brewing, Pizza Port) within walking distance. Built in 1937 and held by one family for four decades, the single-story cottages sit front to back, each with its own entrance, private yard, in-unit laundry, and on-site parking. A two-car garage between the front and middle cottages brings total structural square footage to 2,126 SF. At $302/land SF, this property sits roughly 31% below the comparable median, offering a prime value-add opportunity to renovate or maximize cash flow by adding units under the City's favorable multi-family ADU regulations. See Affordability Toolkit | City of San Diego website. FIRST TIME ON THE MARKET SINCE 1986 | DEL MONTE COTTAGES | OCEAN BEACH | WALK TO SUNSET CLIFFS | 6,290 SF LOT | Three one-bedroom cottages on quiet Del Monte Ave, South OB. Walking distance to Sunset Cliffs Natural Park and Little Lion, with Newport Avenues arts, nightlife, and beach scene just the other way. One of the last stretches of coastal San Diego where original cottages still sit intact on a large multifamily-zoned lot with alley access, offering incredible development potential within OB's coastal height limits. Boasting an 89 Walk Score, its a walkers paradise from the OB Pier to the tide pools and Dog Beach. Bike to Target, OB Peoples Food Co-op, and the Wednesday Farmers Market. OBs flat street grid connects the boardwalk to Newport Avenues antique shops, murals, and eclectic eateries, plus a lively brewery scene (Sunshine Company Saloon, Kilowatt Brewing, Mike Hess Brewing, Pizza Port) within walking distance. Built in 1937 and held by one family for four decades, the single-story cottages sit front to back, each with its own entrance, private yard, in-unit laundry, and on-site parking. A two-car garage between the front and middle cottages brings total structural square footage to 2,126 SF. At $302/land SF, this property sits roughly 31% below the comparable median, offering a prime value-add opportunity to renovate or maximize cash flow by adding units under the City's favorable multi-family ADU regulations. See Affordability Toolkit | City of San Diego website.

4918-4920 Del Monte Ave, Ocean Beach (OB)

$949,900
3 Beds 3 Baths 260022142 MLS ACTIVE Status
Beautiful well cared for 3-unit property with 3 one car garages and a set of Shovel Ready fully permitted plans for a 2-unit ADU that would go in between the back unit and the garage in the open space shown in the pictures. The plans are for a two-story property with a 1 bedroom 1 bath unit on the 2nd floor (533 Sq. Ft) accessible by an outside staircase, and a 2-bedroom, 2 bath unit on the 1st floor (656 Sq. Ft) Make this property a legal 5 unit and enjoy the extra rents without the hassle and expense (approximately 50,000 savings) of the planning and permitting process that the current seller already completed. Projected market rents are as follows 2,250 for the 1 Br unit and 2,750 for the 2 Br unit. That would add 60,000 to the GSI for a total potential yearly total rent of 128,000. The estimated cost of construction is 350K. SEE SUPPLEMENT!! 3881 and 3883 are both upgraded with new kitchen cabinets, quartz countertops, gas ranges, vinyl plank flooring, new bathrooms w/tile shower surrounds and pedestal sinks, new doors, crown molding and ceiling fans in LR’s and BR’s. All units have newer dual pane vinyl windows and the roofs are newer. 3885 is upgraded to a lesser extent (older kit and bath). All buildings have newer stucco and security screen doors at the front and back of each unit. All leases are month to month. The large 7000 Sq. Ft. lot is level and gated. There are nice shade trees in front and in the middle and there is a building off the alley with 3 one car garages with roll-up garage doors. There is a gate providing access to the lot from the alley and plenty of access to the proposed ADU's that can be built. This is a great income property in its own right, and with its 2-ADU plans, if built, becomes a fantastic investment.

3881-85 Logan Ave, Logan Heights

$1,500,000
5 Beds 3 Baths PT26177397 MLS ACTIVE Status
Incredible investment & multi-unit development opportunity! Situated on a massive 25,700 sqft RM-6000 lot, 1375 Naranca Ave combines instant cash flow with an expansive multi-unit plan. The property currently features two existing dwellings generating $4,800/mo ($3,000 main 3bd/2ba home + $1,800 Jr ADU 2bd/1ba) to easily offset carrying costs. Conceptual plans outline a high-density compound featuring proposed new builds: a 4bd/3ba unit, a 3bd/2ba unit, detached ADU 1, and potential detached ADU 2 garage conversion upside. In total, the multi-unit layouts provide a flexible 5-to-6 unit configuration scaling up to 1415 bedrooms. A rare turnkey development site with exceptional income and scale potential. Incredible investment & multi-unit development opportunity! Situated on a massive 25,700 sqft RM-6000 lot, 1375 Naranca Ave combines instant cash flow with an expansive multi-unit plan. The property currently features two existing dwellings generating $4,800/mo ($3,000 main 3bd/2ba home + $1,800 Jr ADU 2bd/1ba) to easily offset carrying costs. Conceptual plans outline a high-density compound featuring proposed new builds: a 4bd/3ba unit, a 3bd/2ba unit, detached ADU 1, and potential detached ADU 2 garage conversion upside. In total, the multi-unit layouts provide a flexible 5-to-6 unit configuration scaling up to 1415 bedrooms. A rare turnkey development site with exceptional income and scale potential.

1375 Naranca Ave, El Cajon

$1,499,000
3 Beds 2 Baths 260022053 MLS ACTIVE Status
Just one-half block from the beach and directly across from Ocean Beach Dog Beach, 5157-59 Muir Avenue presents a rare opportunity to own a versatile coastal duplex in one of San Diego’s most iconic neighborhoods. Whether you're seeking a strong rental asset, an owner-occupied property with income from the second unit, or a future development opportunity, this property offers multiple paths to maximize its value. Positioned on an RM-2-4 zoned lot, the property offers the potential to build up and capture sweeping Pacific Ocean views, creating the opportunity for an exceptional ocean-view coastal retreat. The existing two-unit configuration provides immediate flexibility and long-term upside for the savvy buyer. The front 1 bedroom, 1 bath cottage is currently operating as a sought-after vacation rental and features a modern kitchen, quartz countertops, stainless appliances, mini-split AC, built-in bedroom storage, and approximately 375 SF of additional front patio space for entertaining, dining al fresco, or an outdoor garden. The rear 2 bedroom, 1 bath residence features an updated kitchen, spacious backyard, and a private view deck with approximately 250 SF outdoor entertaining space and beautiful ocean views. Adding even more value are 2 dedicated parking spaces directly in front of the property, and laundry, a rare convenience in Ocean Beach. From the sand and surf to Newport Avenue’s eclectic shops, restaurants and bars, Voltaire Street, and the beloved Ocean Beach farmers market, the location puts the best of the neighborhood right outside your door.

5157-59 Muir Ave, Ocean Beach (OB)

$835,000
3 Beds 3 Baths PTP2606829 MLS ACTIVE Status
Fully remodeled two-unit property in Fairmont Village offering an exceptional opportunity for owner-occupants, investors, or multi-generational living. Featuring a beautifully updated 2-bedroom, 2-bath main residence and a spacious ADU Studio with 1 bath secondary residence. This turnkey property provides the flexibility to live in one home while generating rental income from the other or maximize cash flow as a fully leased investment or multi-generational living opportunities. Both residences have been thoughtfully renovated with modern finishes, new and updated kitchens and bathrooms, new flooring, new lighting, functional floor plans, and their own laundry hookups - allowing each home to operate independently while providing comfort and convenience. A generous driveway provides convenient off-street parking for multiple vehicles, adding valuable functionality for residents, tenants and guests. Located in the desirable Fairmont Village neighborhood, this move-in-ready property combines modern updates with exceptional versatility and long-term income potential. Whether you're looking to offset your mortgage, expand your investment portfolio, or create a comfortable multi-generational living arrangement, 4779 Castle Ave presents a rare opportunity to own a beautifully renovated two-unit property in San Diego. Fully remodeled two-unit property in Fairmont Village offering an exceptional opportunity for owner-occupants, investors, or multi-generational living. Featuring a beautifully updated 2-bedroom, 2-bath main residence and a spacious ADU Studio with 1 bath secondary residence. This turnkey property provides the flexibility to live in one home while generating rental income from the other or maximize cash flow as a fully leased investment or multi-generational living opportunities. Both residences have been thoughtfully renovated with modern finishes, new and updated kitchens and bathrooms, new flooring, new lighting, functional floor plans, and their own laundry hookups - allowing each home to operate independently while providing comfort and convenience. A generous driveway provides convenient off-street parking for multiple vehicles, adding valuable functionality for residents, tenants and guests. Located in the desirable Fairmont Village neighborhood, this move-in-ready property combines modern updates with exceptional versatility and long-term income potential. Whether you're looking to offset your mortgage, expand your investment portfolio, or create a comfortable multi-generational living arrangement, 4779 Castle Ave presents a rare opportunity to own a beautifully renovated two-unit property in San Diego.

4779 Castle Ave, East San Diego

$2,495,000
12 Beds 10 Baths PTP2606822 MLS ACTIVE Status
Rare opportunity to acquire TWO adjacent SFR + ADU properties, built in 2024 and offered together as a four-unit investment package. Each property is situated on its own separate parcel with an individual APN and features an approximately 2,500 SF 5-bedroom, 4-bath main residence plus an approximately 450 SF 1-bedroom, 1-bath ADU with a separate address. All four residences feature newer construction, modern finishes and in-unit laundry. Current scheduled gross income is approximately $13,900 per month with potential rental upside. The two-parcel configuration provides exceptional long-term flexibility. An investor can retain the entire four-unit portfolio while preserving the advantages of owning two separately parceled SFR + ADU properties. A unique opportunity combining newer construction, four rental income streams, strong current income and future flexibility. Each property also features an OWNED, PAID-OFF SOLAR SYSTEM with no solar lease or loan to assume. APN 579-364-23-00: 1236 Buena Vista Ave (main residence) & 1238 Buena Vista Ave (ADU). APN 579-364-22-00: 1304 Buena Vista Ave (main residence) & 1302 Buena Vista Ave (ADU). Both parcels are being offered together as one package. Rare opportunity to acquire TWO adjacent SFR + ADU properties, built in 2024 and offered together as a four-unit investment package. Each property is situated on its own separate parcel with an individual APN and features an approximately 2,500 SF 5-bedroom, 4-bath main residence plus an approximately 450 SF 1-bedroom, 1-bath ADU with a separate address. All four residences feature newer construction, modern finishes and in-unit laundry. Current scheduled gross income is approximately $13,900 per month with potential rental upside. The two-parcel configuration provides exceptional long-term flexibility. An investor can retain the entire four-unit portfolio while preserving the advantages of owning two separately parceled SFR + ADU properties. A unique opportunity combining newer construction, four rental income streams, strong current income and future flexibility. Each property also features an OWNED, PAID-OFF SOLAR SYSTEM with no solar lease or loan to assume. APN 579-364-23-00: 1236 Buena Vista Ave (main residence) & 1238 Buena Vista Ave (ADU). APN 579-364-22-00: 1304 Buena Vista Ave (main residence) & 1302 Buena Vista Ave (ADU). Both parcels are being offered together as one package.

1304 Buena Vista Ave, Spring Valley

$1,299,999
7 Beds 5 Baths PTP2606807 MLS ACTIVE Status
Opportunities like this almost never hit the market! Welcome to 353357 Palm Avenue, an extraordinary three-residence property delivering unmatched versatility and incredible income potential in the heart of Chula Vista. Situated on an expansive lot, this turnkey compound features a beautifully remodeled 3-bedroom, 2-bathroom main home, a brand-new 3-bedroom, 2-bathroom ADU, and an additional new 1-bedroom, 1-bathroom JADU. For an impressive total of 7 bedrooms and 5 bathrooms! Every residence showcases stylish modern finishes, including luxury vinyl plank flooring, crisp white shaker cabinetry, elegant quartz countertops, and central air conditioning. Live in one and rent the others, build your investment portfolio, or create the ultimate flexible living arrangement. The possibilities are endless. Complete with spacious outdoor areas, mountain views, a detached garage, and convenient access to I-5 and I-805. Best of all, there is no HOA and no Mello-Roos! Three residences, one incredible property, and a truly rare chance to secure serious long-term value. This is the opportunity buyers have been waiting for! Opportunities like this almost never hit the market! Welcome to 353357 Palm Avenue, an extraordinary three-residence property delivering unmatched versatility and incredible income potential in the heart of Chula Vista. Situated on an expansive lot, this turnkey compound features a beautifully remodeled 3-bedroom, 2-bathroom main home, a brand-new 3-bedroom, 2-bathroom ADU, and an additional new 1-bedroom, 1-bathroom JADU. For an impressive total of 7 bedrooms and 5 bathrooms! Every residence showcases stylish modern finishes, including luxury vinyl plank flooring, crisp white shaker cabinetry, elegant quartz countertops, and central air conditioning. Live in one and rent the others, build your investment portfolio, or create the ultimate flexible living arrangement. The possibilities are endless. Complete with spacious outdoor areas, mountain views, a detached garage, and convenient access to I-5 and I-805. Best of all, there is no HOA and no Mello-Roos! Three residences, one incredible property, and a truly rare chance to secure serious long-term value. This is the opportunity buyers have been waiting for!

353-357 Palm Ave, Chula Vista

$1,299,999
5 Beds 4 Baths PTP2606808 MLS ACTIVE Status
This is not your average new construction. This is an extraordinary opportunity to own three residences in one incredible property! Welcome to 1835 Rios Avenue, a brand-new, thoughtfully designed three-unit property offering approximately 2,557 square feet of modern living space and remarkable income potential. The spacious main residence features 3 bedrooms and 2.5 bathrooms, accompanied by two attached 1-bedroom, 1-bathroom units. Creating endless possibilities to live, rent, invest, or do all three! Every residence is beautifully finished with crisp white shaker cabinetry, elegant quartz countertops, durable luxury vinyl plank flooring, double-pane windows, and energy-efficient central air conditioning. Enjoy mountain views, front and rear outdoor spaces, driveway parking, and quick access to both I-5 and I-805. With no HOA and no Mello-Roos, this property delivers the space, flexibility, and long-term potential buyers dream about. Three residences. One phenomenal opportunity. The possibilities are truly unmatched! This is not your average new construction. This is an extraordinary opportunity to own three residences in one incredible property! Welcome to 1835 Rios Avenue, a brand-new, thoughtfully designed three-unit property offering approximately 2,557 square feet of modern living space and remarkable income potential. The spacious main residence features 3 bedrooms and 2.5 bathrooms, accompanied by two attached 1-bedroom, 1-bathroom units. Creating endless possibilities to live, rent, invest, or do all three! Every residence is beautifully finished with crisp white shaker cabinetry, elegant quartz countertops, durable luxury vinyl plank flooring, double-pane windows, and energy-efficient central air conditioning. Enjoy mountain views, front and rear outdoor spaces, driveway parking, and quick access to both I-5 and I-805. With no HOA and no Mello-Roos, this property delivers the space, flexibility, and long-term potential buyers dream about. Three residences. One phenomenal opportunity. The possibilities are truly unmatched!

1835 Rios Ave, Chula Vista

$899,999
4 Beds 3 Baths PTP2606806 MLS ACTIVE Status
Here is the one buyers and investors have been waiting for! Welcome to 1839 Rios Avenue. An exceptional two-residence property offering incredible versatility, modern upgrades, and exciting future potential. The completely remodeled single-story main home features 3 bedrooms and 2 bathrooms, while the newly built detached structure includes an impressive 2-car garage with a private 1-bedroom, 1-bathroom ADU above. Both residences offer their own laundry areas, stylish vinyl flooring, air conditioning, and thoughtfully designed living spaces. Situated on an expansive approximately 8,380-square-foot lot, the property also boasts a huge driveway, abundant off-street parking, low-maintenance grounds, mountain views, and convenient access to I-5 and I-805. Even more exciting, the detached garage may offer the potential for conversion into a third unit, subject to city approval and buyer verification. Live in one and rent the other, create additional income, or expand the propertys possibilities. With no HOA and no Mello-Roos, this is more than a home. It is a rare opportunity with enormous potential! Here is the one buyers and investors have been waiting for! Welcome to 1839 Rios Avenue. An exceptional two-residence property offering incredible versatility, modern upgrades, and exciting future potential. The completely remodeled single-story main home features 3 bedrooms and 2 bathrooms, while the newly built detached structure includes an impressive 2-car garage with a private 1-bedroom, 1-bathroom ADU above. Both residences offer their own laundry areas, stylish vinyl flooring, air conditioning, and thoughtfully designed living spaces. Situated on an expansive approximately 8,380-square-foot lot, the property also boasts a huge driveway, abundant off-street parking, low-maintenance grounds, mountain views, and convenient access to I-5 and I-805. Even more exciting, the detached garage may offer the potential for conversion into a third unit, subject to city approval and buyer verification. Live in one and rent the other, create additional income, or expand the propertys possibilities. With no HOA and no Mello-Roos, this is more than a home. It is a rare opportunity with enormous potential!

1839 Rios Ave, Chula Vista

$2,200,000
4 Beds 4 Baths PTP2606767 MLS ACTIVE Status
8-Unit Value-Add Opportunity in San Diego's City Heights. All eight units are 1-bedroom/1-bathroom with a dedicated parking space and on-site laundry. Current rents are below market rates. Recent capital improvements include a full move-out renovation on Unit 3 (paint, cabinets, new locks, medicine cabinet, faucet), new stoves in Units 5, 8, and 9. Recent capital improvements also include a new water heater and gas valve (10/2024), a new kitchen sink in Unit 1, and new blinds, screens, and a vent hood in Unit 8. Property-wide, a completed SB721 inspection report and new rear fencing (02/2026) add peace of mind for the next owner. City Heights is one of San Diego's oldest and most storied neighborhoods, platted in the 1880s and briefly its own incorporated city East San Diego from 1912 to 1923 before merging back into San Diego. Today it's one of the city's most walkable and diverse communities, with strong, consistent rental demand. The property sits directly across Fairmount Ave from Azalea Park, and is close to schools, shopping, and dining. Quick access to both the I-805 and SR-15 freeways puts Balboa Park about 10 minutes away and SDSU about 15 minutes away. 8-Unit Value-Add Opportunity in San Diego's City Heights. All eight units are 1-bedroom/1-bathroom with a dedicated parking space and on-site laundry. Current rents are below market rates. Recent capital improvements include a full move-out renovation on Unit 3 (paint, cabinets, new locks, medicine cabinet, faucet), new stoves in Units 5, 8, and 9. Recent capital improvements also include a new water heater and gas valve (10/2024), a new kitchen sink in Unit 1, and new blinds, screens, and a vent hood in Unit 8. Property-wide, a completed SB721 inspection report and new rear fencing (02/2026) add peace of mind for the next owner. City Heights is one of San Diego's oldest and most storied neighborhoods, platted in the 1880s and briefly its own incorporated city East San Diego from 1912 to 1923 before merging back into San Diego. Today it's one of the city's most walkable and diverse communities, with strong, consistent rental demand. The property sits directly across Fairmount Ave from Azalea Park, and is close to schools, shopping, and dining. Quick access to both the I-805 and SR-15 freeways puts Balboa Park about 10 minutes away and SDSU about 15 minutes away.

3018 44th St, East San Diego

$9,500,000
5 Beds 5 Baths PTP2606755 MLS ACTIVE Status
330 S Horne St, Oceanside presents a designer-grade renovated, 21-unit coastal multifamily asset offering immediate cash flow, a diverse unit mix, and a differentiated resident experience. The property combines thoughtfully designed interior finishes tailored to Coastal Southern California with strategic enhancements including private yards, rear patios, balconies, select ocean-view residences, garages, in-unit laundry in select units, and coastal-oriented community amenities. The property consists of (1) Studio, (13) 1 Bed / 1 Bath, (1) 2 Bed / 1 Bath, and (6) 2 Bed / 2 Bath residences. Select residences feature private front yards or rear patios, while upper units include balconies and ocean views. 11 of the 21 units have in-unit washer/dryers, with an owner-owned community laundry room retained for the balance of the property. Ownership completed a comprehensive renovation designed to position the property above traditional rental-grade product. Interiors feature Coastal Southern California tailored color schemes and finishes including quartz countertops, pastel tile backsplashes, stainless appliances, Terracotta Spanish style tile bathroom floors, tile wall shower & tub enclosures, and natural oak style vinyl flooring. Exterior improvements include a full re-texture and repaint with Baja California inspired color palettes, dual pane windows, drought resistant and low maintenance California desert scape courtyard landscaping with irrigation, updated exterior fixtures and suite numbers, and hand painted building murals. Resident amenities include a surf shower, secure ele 330 S Horne St, Oceanside presents a designer-grade renovated, 21-unit coastal multifamily asset offering immediate cash flow, a diverse unit mix, and a differentiated resident experience. The property combines thoughtfully designed interior finishes tailored to Coastal Southern California with strategic enhancements including private yards, rear patios, balconies, select ocean-view residences, garages, in-unit laundry in select units, and coastal-oriented community amenities. The property consists of (1) Studio, (13) 1 Bed / 1 Bath, (1) 2 Bed / 1 Bath, and (6) 2 Bed / 2 Bath residences. Select residences feature private front yards or rear patios, while upper units include balconies and ocean views. 11 of the 21 units have in-unit washer/dryers, with an owner-owned community laundry room retained for the balance of the property. Ownership completed a comprehensive renovation designed to position the property above traditional rental-grade product. Interiors feature Coastal Southern California tailored color schemes and finishes including quartz countertops, pastel tile backsplashes, stainless appliances, Terracotta Spanish style tile bathroom floors, tile wall shower & tub enclosures, and natural oak style vinyl flooring. Exterior improvements include a full re-texture and repaint with Baja California inspired color palettes, dual pane windows, drought resistant and low maintenance California desert scape courtyard landscaping with irrigation, updated exterior fixtures and suite numbers, and hand painted building murals. Resident amenities include a surf shower, secure electric bike parking, and a common-area grill with outdoor shaded seating. Major infrastructure improvements include a main electrical service upgrade from 200A to 400A in 2023 with replacement of all unit subpanels, the sewer main lateral was descaled with an epoxy liner installed in 2014, replacement of the main hot-water line serving the property in 2025, and replacement of the property water heater in 2025. SB 721-deck inspections were also completed. The asset currently generates $667,819 in Gross Scheduled Income and $440,443 in NOI, yielding a 4.64% in-place cap rate. At full market operations, Gross Scheduled Income is projected at $699,113 and NOI at $469,584, producing a 4.94% pro forma cap rate.

330 S Horne St, Oceanside

$1,250,000
6 Beds 4 Baths NDP2608347 MLS ACTIVE Status
Two doors, two opportunities, two addresses. This duplex is a blank canvas for the buyer who sees potential where others see a project! Bring your vision, your contractor, and your patience, and walk away with instant equity. HVAC and other mechanical systems are in good shape. A fresh vinyl fence separates the units and one yard. This is an easy cosmetic fixer, perfect for a first-time house-hack! Minutes from Palomar College and Cal State San Marcos, putting this property squarely in student and faculty rental territory, a built-in tenant pool for whichever unit you're not living in. The Sprinter line and San Marcos Civic Center are close by for an easy, car-optional commute, and Highways 78 and 15 put San Diego within easy reach whenever you need it. San Marcos Unified's well-regarded schools round things out for buyers thinking long-term. This is the kind of deal that rewards buyers willing to roll up their sleeves! A rare shot at a two-unit property in a location that works for renters, students, and owner-occupants alike, priced to reflect the work ahead and the upside on the other side of it. Two doors, two opportunities, two addresses. This duplex is a blank canvas for the buyer who sees potential where others see a project! Bring your vision, your contractor, and your patience, and walk away with instant equity. HVAC and other mechanical systems are in good shape. A fresh vinyl fence separates the units and one yard. This is an easy cosmetic fixer, perfect for a first-time house-hack! Minutes from Palomar College and Cal State San Marcos, putting this property squarely in student and faculty rental territory, a built-in tenant pool for whichever unit you're not living in. The Sprinter line and San Marcos Civic Center are close by for an easy, car-optional commute, and Highways 78 and 15 put San Diego within easy reach whenever you need it. San Marcos Unified's well-regarded schools round things out for buyers thinking long-term. This is the kind of deal that rewards buyers willing to roll up their sleeves! A rare shot at a two-unit property in a location that works for renters, students, and owner-occupants alike, priced to reflect the work ahead and the upside on the other side of it.

408-410 Shirley Dr, San Marcos

$1,950,000
5 Beds 4 Baths 260021741 MLS ACTIVE Status Sunset Park BLDG.
We are pleased to present 5588-90 Shasta Ln, a meticulously designed triplex tucked in the rolling hills of Lake Murray, in the City of La Mesa, California. Built in 1957 and fully renovated in recent years, the complex is comprised of a large single story three-bedroom/two-bathroom single family home and two (2) single story one-bedroom/one-bathroom units spanning across a large 0,37-acre lot! The turnkey investment is poised for additional ADU development. The property features private outdoor space for each unit, in unit laundry, fully appliance and kitchen packages, and single-story living attracting higher quality tenants. The spacious floorplans are well-appointed with remodeled interiors including central air conditioning, large closets, private patios/balconies, and upgraded fixtures throughout. Residents enjoy ample parking and quick access to Lake Murray Blvd. Centrally located in La Mesa, the property is a short drive to Interstate-8, which serves as a critical interregional east/west travel corridor through San Diego County, and is one of the more heavily trafficked freeways. The property is only 1.2 miles from Sharp Grossmont Hospital and The Grossmont Shopping Center. Sharp Grossmont Hospital is East County’s largest health care facility with 524 beds, cutting edge medical care, and total patient revenue of over $3.7 billion. The Grossmont Center is an outdoor shopping mall with 100 unique stores, over 20 restaurants, and 10 large movie screens.

5590-5588 Shasta Ln, La Mesa

$1,198,000
5 Beds 4 Baths NDP2608323 MLS ACTIVE Status
RARE NORTH PARK SINGLE FAMILY FRONT HOUSE WITH A REAR DUPLEX WITH AMPLE PARKING + OWNER-USER POTENTIAL! Updated and exceptionally well-located muti-unit offering a compelling combination of income, parking, and privacy in one of San Diegos most desirable and rapidly evolving neighborhoods. The detached cottage-style front home features 2 bedrooms, 2 baths, stainless steel appliances, A/C, a private fenced patio and side yard including 4 off street parking spaces. The rear duplex includes a spacious 2-bedroom, 1-bath upper unit with 2 parking spaces, with a 10 x 12 view deck and a 1-bedroom, 1-bath ground-floor unit with its own exclusive fenced yard and one parking space. Ample parking is a standout feature for all units plus an attached approximately 15 x 40 garage currently partitioned, one part is use as storage for the front unit. The single family front home with a rear duplex configuration provides an ideal opportunity for an owner-user to live in one unit and generate income from the others. The property has enjoyed over 10 years without a vacancy, demonstrating strong rental demand. Just blocks from North Parks acclaimed restaurants, nightlife, coffee shops and entertainment, with convenient access to the best of San Diego. RARE NORTH PARK SINGLE FAMILY FRONT HOUSE WITH A REAR DUPLEX WITH AMPLE PARKING + OWNER-USER POTENTIAL! Updated and exceptionally well-located muti-unit offering a compelling combination of income, parking, and privacy in one of San Diegos most desirable and rapidly evolving neighborhoods. The detached cottage-style front home features 2 bedrooms, 2 baths, stainless steel appliances, A/C, a private fenced patio and side yard including 4 off street parking spaces. The rear duplex includes a spacious 2-bedroom, 1-bath upper unit with 2 parking spaces, with a 10 x 12 view deck and a 1-bedroom, 1-bath ground-floor unit with its own exclusive fenced yard and one parking space. Ample parking is a standout feature for all units plus an attached approximately 15 x 40 garage currently partitioned, one part is use as storage for the front unit. The single family front home with a rear duplex configuration provides an ideal opportunity for an owner-user to live in one unit and generate income from the others. The property has enjoyed over 10 years without a vacancy, demonstrating strong rental demand. Just blocks from North Parks acclaimed restaurants, nightlife, coffee shops and entertainment, with convenient access to the best of San Diego.

4266-68 Cherokee Ave, North Park

$1,627,450
9 Beds 5 Baths 260021656 MLS ACTIVE Status Cherokee Point BLDG.
Great investment opportunity to own a recently renovated Triplex in Cherokee Point with 4th 2 bed 2bath house in plans. Close proximity to downtown and Balboa Park. The Cherokee Point neighborhood is also landlocked between the 805 and 15 freeways, providing a quieter living experience compared to other parts of North Park, while still giving you easy access to all North Park has to offer including shopping, restaurants and activities. Which makes this a highly desirable location for a high performance investment. The property consists of 3 fully leased dwellings, Two 3 bedroom Houses and One 1 Bedroom. There are plans in the city for permits on an additional 2bed 2bath house. All houses have been upgraded with Newer Kitchens and Baths, LED lighting throughout, Ceiling Fans in every room, A/C and Heating, Washer and Dryer also included. This Houses are all individually Fully fenced yard and has Parking for multiple vehicles. Tenants pay all utilities. Currently priced with a 5.2 CAP. Proforma with adding the 4th dwelling will bring you over a 7plus CAP. Great turnkey investment with leases plus value-add opportunities. Great investment opportunity to own a recently renovated Triplex in Cherokee Point with 4th 2 bed 2bath house in plans. Close proximity to downtown and Balboa Park. The Cherokee Point neighborhood is also landlocked between the 805 and 15 freeways, providing a quieter living experience compared to other parts of North Park, while still giving you easy access to all North Park has to offer including shopping, restaurants and activities. Which makes this a highly desirable location for a high performance investment. The property consists of 3 fully leased dwellings, Two 3 bedroom Houses and One 1 Bedroom. There are plans in the city for permits on an additional 2bed 2bath house. All houses have been upgraded with Newer Kitchens and Baths, LED lighting throughout, Ceiling Fans in every room, A/C and Heating, Washer and Dryer also included. This Houses are all individually Fully fenced yard and has Parking for multiple vehicles. Tenants pay all utilities. Currently priced with a 5.2 CAP. Proforma with adding the 4th dwelling will bring you over a 7plus CAP. Great turnkey investment with leases plus value-add opportunities.

3448-50 Cherokee, North Park

$1,849,000
4 Beds 3 Baths 260021533 MLS ACTIVE Status South Oceanside BLDG.
Beautifully remodeled 2 unit property, eight blocks from the beach in Oceanside. Offering 1,609 sqft of total living space with a 3 bed / 2 bath main residence (1260 sqft) plus a fully permitted detached 1 bed / 1 bath ADU (349 sqft). With two separate living spaces, a desirable coastal location, and extensive remodeling already completed, this property offers an attractive combination of income potential, flexibility, and long-term investment value. The main residence has been thoughtfully remodeled with an interior designer's touch and features luxury vinyl flooring, an open-concept layout, new windows, and stylish finishes throughout. The permitted addition to the primary bedroom provides additional space and flexibility. The fully remodeled kitchen includes white shaker cabinets, new stainless-steel appliances, and an upgraded backsplash. Both bathrooms have been updated with new vanities, custom showers, and lighted niches. The detached ADU is privately situated at the rear of the property and offers 1 bed / 1 bath, a full kitchen, and a laundry closet. The separate living space provides flexibility for rental income, guests, extended family, or a potential owner-occupant setup. The property also includes two dedicated paved parking spaces with convenient access from the alleyway. The seller has never occupied the property and has very limited knowledge of property condition or history. All measurements are approximate. Buyers and Buyer's Broker/Agent should verify measurements and complete thorough inspections and investigations prior to Close of Escrow to satisfy themselves with the current condition of the property. Buyer(s) to verify and approve all data, reports, records, inspections, permits, MLS, HOA, if applicable, and all information pertaining to the property prior to removal of contingencies. All contracts/offers are subject to seller approval and any offers or counteroffers by seller are not binding unless the entire agreement is ratified by all parties.

316 S Ditmar, Oceanside

$1,298,300
7 Beds 3 Baths 260021474 MLS ACTIVE Status 3622-24 Texas Streeet BLDG.
Rare North Park duplex offering an exceptional opportunity for both owner-occupants and investors in one of San Diego's most sought-after neighborhoods. This charming property features two separate residences, each with its own unique character, flexible living spaces, and timeless architectural details. Outside the expansive front patio creates an inviting outdoor space perfect for relaxing or entertaining. Inside, you'll find bright and spacious interiors with abundant natural light and hardwood flooring. The living areas are warm and welcoming, while the kitchens offer generous cabinetry, ample prep space, and convenient adjacent laundry/storage areas. The versatile floor plan provides excellent flexibility for multi-generational living, rental income, or a dedicated home office. The lower residence also benefits from bonus living space and direct access to a private outdoor area, while both units enjoy patios for indoor-outdoor living. Located in the heart of North Park, just blocks from Morley Field, Balboa Park, popular restaurants, coffee shops, breweries, shopping, and entertainment, this property offers the perfect blend of historic charm, modern updates, and prime urban convenience. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this is a rare opportunity in San Diego.

3622-24 Texas St, North Park

$1,595,000
8 Beds 4 Baths 260021470 MLS ACTIVE Status Jefferson Middle School BLDG.
CBRE is pleased to present our opinion of value of 810 Acacia Ave in Oceanside, CA. The property boasts a unit mix of four (4) 2-bedroom / 1-bathrooms. Located in a quiet pocket across the street from Jefferson Middle School, this 4-unit investment property offers a compelling opportunity in one of San Diego County’s most rapidly developing suburban markets. Oceanside, a coastal gem nestled between San Diego and Los Angeles, provides residents with a perfect blend of suburban comfort and urban accessibility via nearby Interstate 5 and State Route 76, making commutes to San Diego’s major employment hubs very easy. The property benefits from its central location, being just one mile from Oceanside’s iconic pier, where the weekly farmers’ market and other popular events draw visitors throughout the year. Local dining options within minutes include authentic Italian cuisine at Allmine, classic American fare at Rose Cafe, and numerous other choices reflecting Oceanside’s variety. The property is conveniently positioned near major retail centers, including Mission Marketplace and Oceanside Plaza Shopping Center, both within a 5-minute drive. With Oceanside’s population of approximately 180,000 residents and a steady annual growth rate, the area continues to attract both families and young professionals seeking more affordable housing options compared to coastal San Diego communities. 810 Acacia Ave is the ideal opportunity for first-time multifamily investors targeting bite-sized deals with easily rentable units, or seasoned multifamily investors seeking the ease of management.

810 Acacia Ave, Oceanside

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