Sorrento Mesa Real Estate Search

Sorrento Mesa Multi-Family Properties for Sale

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Newest Sorrento Mesa Multi-Family Homes for Sale

$1,200,000
1 Beds 2 Baths NDP2605805 MLS ACTIVE Status
We're pleased to present B Avenue Apartments, a 5-unit multifamily investment opportunity located at 1704-1712 B Avenue in National City, California. Situated on an approximately 4,827 square foot lot, the property consists of five apartment units totaling approximately 2,272 square feet and features a desirable unit mix of (4) one-bedroom/one-bath units and (1) studio unit. Built in 1955, the property offers investors stable in-place income, operational efficiency, and the opportunity for continued appreciation in one of San Diego County's most active rental markets. The property benefits from separate gas metering and features several attractive tenant amenities, including private yards, updated interiors, and a desirable residential setting. Ownership has completed renovations to four of the five units, including upgrades featuring wood cabinetry and quartz countertops, providing a modern living environment while minimizing near-term capital expenditures. Water, trash, and certain common-area utilities are currently provided by ownership. Located in the heart of National City, the property offers residents convenient access to major employment centers, shopping, dining, schools, and public transportation. The asset is strategically positioned near Interstate 5, Interstate 805, State Route 54, Downtown San Diego, Naval Base San Diego, and the National City waterfront, providing exceptional connectivity throughout San Diego County. The surrounding area continues to benefit from ongoing redevelopment, infrastructure investment, and increasing demand for quality workforce ho We're pleased to present B Avenue Apartments, a 5-unit multifamily investment opportunity located at 1704-1712 B Avenue in National City, California. Situated on an approximately 4,827 square foot lot, the property consists of five apartment units totaling approximately 2,272 square feet and features a desirable unit mix of (4) one-bedroom/one-bath units and (1) studio unit. Built in 1955, the property offers investors stable in-place income, operational efficiency, and the opportunity for continued appreciation in one of San Diego County's most active rental markets. The property benefits from separate gas metering and features several attractive tenant amenities, including private yards, updated interiors, and a desirable residential setting. Ownership has completed renovations to four of the five units, including upgrades featuring wood cabinetry and quartz countertops, providing a modern living environment while minimizing near-term capital expenditures. Water, trash, and certain common-area utilities are currently provided by ownership. Located in the heart of National City, the property offers residents convenient access to major employment centers, shopping, dining, schools, and public transportation. The asset is strategically positioned near Interstate 5, Interstate 805, State Route 54, Downtown San Diego, Naval Base San Diego, and the National City waterfront, providing exceptional connectivity throughout San Diego County. The surrounding area continues to benefit from ongoing redevelopment, infrastructure investment, and increasing demand for quality workforce housing. National City remains one of San Diego County's most affordable and investment-oriented submarkets, attracting residents seeking convenient access to employment centers and coastal amenities. With a strong unit mix, renovated interiors, utility efficiencies, and long-term rental demand fundamentals, B Avenue Apartments presents an attractive opportunity for investors seeking both stable cash flow and future upside potential. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, utility metering, parking availability, permits, financial information, and market rental assumptions.

1704 B Ave, National City

$1,300,000
2 Beds 2 Baths NDP2605806 MLS ACTIVE Status
We're pleased to present Jefferson Apartments, a 5-unit multifamily investment opportunity located at 678 Jefferson Avenue in Chula Vista, California. Situated on an approximately 8,285 square foot lot, the property consists of five units totaling approximately 2,464 square feet and features a unique unit mix of (1) two-bedroom/one-bath detached house and (4) studio units. Constructed in 1955, the property offers investors stable cash flow, strong rental demand, and significant upside through continued rental growth and strategic property enhancements. The property benefits from separate gas and electric metering, helping minimize landlord utility expenses while improving operational efficiency. Additional amenities include eight on-site parking spaces consisting of one garage, one carport, and six surface spaces, with tenants responsible for dumpster service. The detached two-bedroom home offers privacy and strong tenant appeal, while the studio units provide an efficient and highly sought-after rental product in the South Bay market. Recent ownership improvements include a roof repair completed in April 2025, contributing to the property's long-term stability. Located in the heart of Chula Vista, Jefferson Apartments offers residents convenient access to major employment centers, retail destinations, restaurants, schools, and public transportation. The property is strategically positioned near Interstate 5, Interstate 805, Downtown Chula Vista, the Chula Vista Bayfront redevelopment, and the new Gaylord Pacific Resort & Convention Center, providing tenants with exceptiona We're pleased to present Jefferson Apartments, a 5-unit multifamily investment opportunity located at 678 Jefferson Avenue in Chula Vista, California. Situated on an approximately 8,285 square foot lot, the property consists of five units totaling approximately 2,464 square feet and features a unique unit mix of (1) two-bedroom/one-bath detached house and (4) studio units. Constructed in 1955, the property offers investors stable cash flow, strong rental demand, and significant upside through continued rental growth and strategic property enhancements. The property benefits from separate gas and electric metering, helping minimize landlord utility expenses while improving operational efficiency. Additional amenities include eight on-site parking spaces consisting of one garage, one carport, and six surface spaces, with tenants responsible for dumpster service. The detached two-bedroom home offers privacy and strong tenant appeal, while the studio units provide an efficient and highly sought-after rental product in the South Bay market. Recent ownership improvements include a roof repair completed in April 2025, contributing to the property's long-term stability. Located in the heart of Chula Vista, Jefferson Apartments offers residents convenient access to major employment centers, retail destinations, restaurants, schools, and public transportation. The property is strategically positioned near Interstate 5, Interstate 805, Downtown Chula Vista, the Chula Vista Bayfront redevelopment, and the new Gaylord Pacific Resort & Convention Center, providing tenants with exceptional connectivity and access to one of San Diego County's most active growth corridors. Chula Vista continues to experience substantial investment and redevelopment activity, driven by waterfront improvements, new hospitality projects, infrastructure investment, and sustained population growth. With a desirable coastal location, attractive unit mix, ample parking, utility efficiencies, and measurable rental upside, Jefferson Apartments presents investors with an opportunity to acquire a well-positioned multifamily asset offering both immediate income and long-term appreciation potential. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, and market rental assumptions.

678 Jefferson Ave, Chula Vista

$1,700,000
3 Beds 3 Baths NDP2605804 MLS ACTIVE Status
We're pleased to present 4154-4158 Estrella Avenue, a renovated 6-unit multifamily investment opportunity located in the highly accessible Colina Del Sol / City Heights submarket of San Diego. Situated on an approximately 6,291 square foot lot, the property consists of six apartment units totaling approximately 3,011 square feet and features a desirable unit mix of (1) two-bedroom/one-bath unit, (3) one-bedroom/one-bath units, and (2) studio units. Built in 1950, the property offers investors a well-maintained asset with stable in-place income, operational efficiencies, and continued rental upside. The property has benefited from significant capital improvements, including interior and exterior renovations, new windows, upgraded common areas, and a professionally maintained communal courtyard that enhances tenant appeal and livability. Additional amenities include on-site laundry facilities and six parking spaces consisting of two single surface spaces and two tandem parking areas. The property is also separately metered for gas and electric, helping reduce operating expenses and improve management efficiency. Located in the heart of central San Diego, the property provides residents with convenient access to neighborhood shopping, dining, schools, public transportation, and major employment centers. The asset benefits from exceptional connectivity via Interstate 15, Interstate 805, and State Route 94, allowing quick access to Downtown San Diego, Mission Valley, North Park, SDSU, and numerous employment hubs throughout the region. City Heights and Colina Del Sol continue to We're pleased to present 4154-4158 Estrella Avenue, a renovated 6-unit multifamily investment opportunity located in the highly accessible Colina Del Sol / City Heights submarket of San Diego. Situated on an approximately 6,291 square foot lot, the property consists of six apartment units totaling approximately 3,011 square feet and features a desirable unit mix of (1) two-bedroom/one-bath unit, (3) one-bedroom/one-bath units, and (2) studio units. Built in 1950, the property offers investors a well-maintained asset with stable in-place income, operational efficiencies, and continued rental upside. The property has benefited from significant capital improvements, including interior and exterior renovations, new windows, upgraded common areas, and a professionally maintained communal courtyard that enhances tenant appeal and livability. Additional amenities include on-site laundry facilities and six parking spaces consisting of two single surface spaces and two tandem parking areas. The property is also separately metered for gas and electric, helping reduce operating expenses and improve management efficiency. Located in the heart of central San Diego, the property provides residents with convenient access to neighborhood shopping, dining, schools, public transportation, and major employment centers. The asset benefits from exceptional connectivity via Interstate 15, Interstate 805, and State Route 94, allowing quick access to Downtown San Diego, Mission Valley, North Park, SDSU, and numerous employment hubs throughout the region. City Heights and Colina Del Sol continue to experience strong rental demand driven by their central location, diverse community, and ongoing neighborhood reinvestment. With an attractive unit mix, recent renovations, utility efficiencies, and proximity to major transportation corridors, 4154-4158 Estrella Avenue presents an outstanding opportunity for investors seeking both immediate cash flow and long-term appreciation potential in one of San Diego's most established urban rental markets. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, and market rental assumptions.

4154-58 Estrella Ave, East San Diego

$1,250,000
7 Beds 5 Baths NDP2605803 MLS ACTIVE Status
We're pleased to present Forty Second Street Apartments, a 5-unit multifamily investment opportunity located at 3753-3759 42nd Street in San Diego, California. Situated on an approximately 7,427 square foot lot, the property consists of three separate residential buildings totaling approximately 3,000 square feet and features a diverse unit mix of (1) four-bedroom/two-bath unit, (1) two-bedroom/one-bath unit, (1) one-bedroom/one-bath unit, and (2) studio units. Originally constructed in 1937, the property offers investors a unique blend of stable cash flow, strong rental demand, and significant value-add potential in the highly sought-after City Heights / Colina Del Sol submarket. The property benefits from separate gas and electric metering, helping reduce operating expenses and improve management efficiency. Additional amenities include two gated parking spaces, a secure gated entry, a communal courtyard, and supplemental income generated through parking revenue. The property's diverse unit mix appeals to a broad tenant base, ranging from individual renters to larger households seeking affordable housing options within central San Diego. Ideally located in the heart of City Heights, the property provides convenient access to major employment centers, shopping, dining, schools, and public transportation. Residents benefit from close proximity to Interstate 15, Interstate 805, Downtown San Diego, Mission Valley, North Park, Kensington, and Balboa Park, making the location highly desirable for commuters and long-term tenants alike. The surrounding neighborhood continues to e We're pleased to present Forty Second Street Apartments, a 5-unit multifamily investment opportunity located at 3753-3759 42nd Street in San Diego, California. Situated on an approximately 7,427 square foot lot, the property consists of three separate residential buildings totaling approximately 3,000 square feet and features a diverse unit mix of (1) four-bedroom/two-bath unit, (1) two-bedroom/one-bath unit, (1) one-bedroom/one-bath unit, and (2) studio units. Originally constructed in 1937, the property offers investors a unique blend of stable cash flow, strong rental demand, and significant value-add potential in the highly sought-after City Heights / Colina Del Sol submarket. The property benefits from separate gas and electric metering, helping reduce operating expenses and improve management efficiency. Additional amenities include two gated parking spaces, a secure gated entry, a communal courtyard, and supplemental income generated through parking revenue. The property's diverse unit mix appeals to a broad tenant base, ranging from individual renters to larger households seeking affordable housing options within central San Diego. Ideally located in the heart of City Heights, the property provides convenient access to major employment centers, shopping, dining, schools, and public transportation. Residents benefit from close proximity to Interstate 15, Interstate 805, Downtown San Diego, Mission Valley, North Park, Kensington, and Balboa Park, making the location highly desirable for commuters and long-term tenants alike. The surrounding neighborhood continues to experience reinvestment and revitalization, supporting strong rental demand and long-term appreciation prospects. With three separate buildings, a favorable unit mix, utility efficiencies, gated parking, and demonstrated rental upside, Forty Second Street Apartments presents an attractive opportunity for investors seeking a centrally located San Diego asset with both immediate income and future growth potential. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, rental projections, and all other material aspects of the property.

3753-59 N 42nd St, East San Diego

$1,700,000
1 Beds 1 Baths NDP2605802 MLS ACTIVE Status
We're pleased to present 1121 E 6th Street, a 7-unit multifamily investment opportunity located in the heart of National City, one of San Diego County's most dynamic and rapidly evolving rental markets. The property consists of seven apartment units totaling approximately 4,536 square feet situated on a 6,555 square foot lot, featuring a desirable unit mix of (1) three-bedroom/two-bath unit and (6) one-bedroom/one-bath units. Built in 1973, the property offers investors stable in-place income with significant upside through continued rent growth and strategic value-add improvements. The property benefits from separate gas and electric metering, helping minimize landlord utility expenses while providing operational efficiency. Residents enjoy desirable amenities including eight on-site parking spaces, on-site laundry facilities, granite countertops, and dumpster service, enhancing tenant retention and market appeal. The property's straightforward layout and solid construction provide an ideal foundation for future upgrades designed to increase rental income and overall asset performance. Located just minutes from Downtown San Diego, Naval Base San Diego, Chula Vista, and major employment centers throughout the South Bay, the property offers tenants convenient access to shopping, dining, schools, public transportation, and essential services. The property's proximity to Interstate 5, Interstate 805, and State Route 54 provides exceptional regional connectivity, making it an attractive housing option for commuters throughout San Diego County. National City continues to experie We're pleased to present 1121 E 6th Street, a 7-unit multifamily investment opportunity located in the heart of National City, one of San Diego County's most dynamic and rapidly evolving rental markets. The property consists of seven apartment units totaling approximately 4,536 square feet situated on a 6,555 square foot lot, featuring a desirable unit mix of (1) three-bedroom/two-bath unit and (6) one-bedroom/one-bath units. Built in 1973, the property offers investors stable in-place income with significant upside through continued rent growth and strategic value-add improvements. The property benefits from separate gas and electric metering, helping minimize landlord utility expenses while providing operational efficiency. Residents enjoy desirable amenities including eight on-site parking spaces, on-site laundry facilities, granite countertops, and dumpster service, enhancing tenant retention and market appeal. The property's straightforward layout and solid construction provide an ideal foundation for future upgrades designed to increase rental income and overall asset performance. Located just minutes from Downtown San Diego, Naval Base San Diego, Chula Vista, and major employment centers throughout the South Bay, the property offers tenants convenient access to shopping, dining, schools, public transportation, and essential services. The property's proximity to Interstate 5, Interstate 805, and State Route 54 provides exceptional regional connectivity, making it an attractive housing option for commuters throughout San Diego County. National City continues to experience substantial public and private investment, driven by multifamily redevelopment, infrastructure improvements, and revitalization efforts throughout the city. With strong rental demand, a central location, operational efficiencies, and measurable rental upside, 1121 E 6th Street presents investors with an opportunity to acquire a well-positioned asset offering both immediate cash flow and long-term appreciation potential. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, and market rental assumptions.

1121 E 6th, National City

$1,700,000
NDP2605767 MLS ACTIVE Status
Lee & Associates Multifamily Group - North San Diego County is pleased to present Buena Vista Apartments, a 7-unit multifamily investment opportunity located at 9922-9934 Buena Vista Drive, Spring Valley, California. The property consists of seven apartment units totaling approximately 3,657 square feet situated on an 8,943 square foot lot, featuring a desirable unit mix of (3) two-bedroom/one-bath units and (4) one-bedroom/one-bath units. Built in 1946, Buena Vista Apartments offers investors a rare opportunity to acquire a well-located East County asset with stable in-place income and significant value-add potential. The property benefits from separate gas and electric metering, reducing landlord utility expenses while providing operational efficiency. Additional amenities include eight on-site parking spaces, a rear parking/storage area, and on-site laundry facilities, all contributing to tenant retention and strong marketability. Several units have been renovated, allowing a new owner to continue implementing upgrades and capture additional rental upside. Strategically located in the heart of Spring Valley, the property offers residents convenient access to State Route 94, Interstate 125, Downtown San Diego, La Mesa, and Chula Vista, as well as nearby shopping, dining, schools, parks, and employment centers. Spring Valley continues to benefit from strong rental demand driven by its affordability relative to the broader San Diego market and its central East County location. Buena Vista Apartments presents an attractive investment opportunity featuring a proven unit mix, Lee & Associates Multifamily Group - North San Diego County is pleased to present Buena Vista Apartments, a 7-unit multifamily investment opportunity located at 9922-9934 Buena Vista Drive, Spring Valley, California. The property consists of seven apartment units totaling approximately 3,657 square feet situated on an 8,943 square foot lot, featuring a desirable unit mix of (3) two-bedroom/one-bath units and (4) one-bedroom/one-bath units. Built in 1946, Buena Vista Apartments offers investors a rare opportunity to acquire a well-located East County asset with stable in-place income and significant value-add potential. The property benefits from separate gas and electric metering, reducing landlord utility expenses while providing operational efficiency. Additional amenities include eight on-site parking spaces, a rear parking/storage area, and on-site laundry facilities, all contributing to tenant retention and strong marketability. Several units have been renovated, allowing a new owner to continue implementing upgrades and capture additional rental upside. Strategically located in the heart of Spring Valley, the property offers residents convenient access to State Route 94, Interstate 125, Downtown San Diego, La Mesa, and Chula Vista, as well as nearby shopping, dining, schools, parks, and employment centers. Spring Valley continues to benefit from strong rental demand driven by its affordability relative to the broader San Diego market and its central East County location. Buena Vista Apartments presents an attractive investment opportunity featuring a proven unit mix, utility efficiency, ample parking, and a clear path to increased cash flow through continued property improvements and rental growth. Investors will benefit from both immediate income and long-term appreciation potential in one of San Diego County's most established rental submarkets. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, and market rental assumptions.

9922-34 Buena Vista Dr, Spring Valley

$2,100,000
NDP2605538 MLS ACTIVE Status
LET YOU DREAM BUSINESS BEGIN IN LEUCADIA MINUTES TO THE SAND Rarely available in North Leucadia, this exceptional property offers 8,000+ sq. ft. of highly usable, buildable land with endless possibilities for expansion, redevelopment, or creating your dream coastal compound. The property currently features two income-producing studio units, providing immediate cash flow while you plan for the future. Located just minutes from beaches, restaurants, and the vibrant Leucadia lifestyle, this is a unique opportunity to secure valuable coastal real estate with both current income and outstanding upside potential. Leucaadia is one of the top 10 most desirable communities in all of San Diego County. Build. Invest. Dream. Leucadia awaits. LET YOU DREAM BUSINESS BEGIN IN LEUCADIA MINUTES TO THE SAND Rarely available in North Leucadia, this exceptional property offers 8,000+ sq. ft. of highly usable, buildable land with endless possibilities for expansion, redevelopment, or creating your dream coastal compound. The property currently features two income-producing studio units, providing immediate cash flow while you plan for the future. Located just minutes from beaches, restaurants, and the vibrant Leucadia lifestyle, this is a unique opportunity to secure valuable coastal real estate with both current income and outstanding upside potential. Leucaadia is one of the top 10 most desirable communities in all of San Diego County. Build. Invest. Dream. Leucadia awaits.

1524 N Coast Hwy 101, Encinitas

$2,195,000
NDP2605650 MLS ACTIVE Status
Prime Little Italy location with incredible rental income potential. This rarely available and highly sought after Johnathan Segal detached Row Home offers 2-units, plus a garage and a separate loft unit above the garage. Located in the heart of Little Italy with the vibrant culture, restaurants, bars, shops and more just round the corner, yet this gem still provides privacy and a common space/greenbelt to enjoy. No HOA or Mello Roos. The possibilities are endless, live in one, rent out the others; use as short-term rentals; or use the entire property for yourself. No short-term rental restrictions, just apply for the permit. The main space (unit A) offers the most square footage with huge windows that flood with natural light, 1 bedroom + an office space, 1.5 baths, projector screen TV, multiple balconies and an amazing rooftop deck with city and bay views. The bottom unit (Unit B) features 1 bedroom/1 bath and a spacious private patio, perfect for entertaining. (A & B can easily return to original layout). There is also a detached garage with a separate loft above, both offering tons of additional potentialrentals, office, room for guests, etc. Currently generates approx. $9655 in monthly income. *Seller is open to Seller Financing* See confidential remarks for more information. Buyer and buyers agent to verify all in MLS prior to COE. Prime Little Italy location with incredible rental income potential. This rarely available and highly sought after Johnathan Segal detached Row Home offers 2-units, plus a garage and a separate loft unit above the garage. Located in the heart of Little Italy with the vibrant culture, restaurants, bars, shops and more just round the corner, yet this gem still provides privacy and a common space/greenbelt to enjoy. No HOA or Mello Roos. The possibilities are endless, live in one, rent out the others; use as short-term rentals; or use the entire property for yourself. No short-term rental restrictions, just apply for the permit. The main space (unit A) offers the most square footage with huge windows that flood with natural light, 1 bedroom + an office space, 1.5 baths, projector screen TV, multiple balconies and an amazing rooftop deck with city and bay views. The bottom unit (Unit B) features 1 bedroom/1 bath and a spacious private patio, perfect for entertaining. (A & B can easily return to original layout). There is also a detached garage with a separate loft above, both offering tons of additional potentialrentals, office, room for guests, etc. Currently generates approx. $9655 in monthly income. *Seller is open to Seller Financing* See confidential remarks for more information. Buyer and buyers agent to verify all in MLS prior to COE.

1535 Kettner Blvd, Downtown

$5,300,000
3 Beds 6 Baths PTP2604512 MLS ACTIVE Status
$250k Price Reduction !!! 7025 Boulevard Dr offers a renovated, turnkey, and desirable 20-unit garden style asset with immediate cashflow, remaining rental upside, and major infrastructure system improvements. The property is ideally situated near major transportation corridors, steps away from the amenity and retail filled University Ave, and provides seasoned investors with the Golden Standard Class B location asset known to provide the strongest aggregate return and operational profile. Current ownership has completed significant capital improvements, eliminating all deferred maintenance and substantially reducing future expenses. Improvements include renovation of 16 units, major electrical system replacement, brand new pitched roofs, epoxy-lined sewer mains, dual-pane windows, and numerous interior and exterior enhancements. The property consists of an ideal & diverse unit mix of (8) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (4) Studio units. The property further provides an attractive 1:1 parking ratio and gated access. Ownership will benefit from meaningful economies of scale while maintaining the operational simplicity of a low-density garden style asset. The asset currently generates $463,138 GSI yielding a 5.37% in-place cap rate. There is approximately 12% income upside at conservative market rents to produce a forecasted $524,010 GSI and 6.23% market cap rate with minimal additional capital investment required. 7025 Boulevard Drive is strategically situated in what many seasoned San Diego multifamily investors consider the Golden Standard middle market location pr $250k Price Reduction !!! 7025 Boulevard Dr offers a renovated, turnkey, and desirable 20-unit garden style asset with immediate cashflow, remaining rental upside, and major infrastructure system improvements. The property is ideally situated near major transportation corridors, steps away from the amenity and retail filled University Ave, and provides seasoned investors with the Golden Standard Class B location asset known to provide the strongest aggregate return and operational profile. Current ownership has completed significant capital improvements, eliminating all deferred maintenance and substantially reducing future expenses. Improvements include renovation of 16 units, major electrical system replacement, brand new pitched roofs, epoxy-lined sewer mains, dual-pane windows, and numerous interior and exterior enhancements. The property consists of an ideal & diverse unit mix of (8) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (4) Studio units. The property further provides an attractive 1:1 parking ratio and gated access. Ownership will benefit from meaningful economies of scale while maintaining the operational simplicity of a low-density garden style asset. The asset currently generates $463,138 GSI yielding a 5.37% in-place cap rate. There is approximately 12% income upside at conservative market rents to produce a forecasted $524,010 GSI and 6.23% market cap rate with minimal additional capital investment required. 7025 Boulevard Drive is strategically situated in what many seasoned San Diego multifamily investors consider the Golden Standard middle market location profile. The Property's Class B location provides the ideal balance between acquisition basis, tenant quality, and long-term rental demand, producing notably stronger returns than higher-priced Coastal San Diego submarkets and significantly less operational challenges associated with Class C location assets and tenants.

7025 Boulevard Dr, La Mesa

$2,995,000
4 Beds 4 Baths NDP2605545 MLS ACTIVE Status
Authentic coastal character, walk-to-beach location, and income from day one! 215-223 Lolita Street is the rare gem that captures the soul of old Encinitas. This five-unit coastal income property sits just three blocks, or 0.2 miles, from the sand of Moonlight Beach. Whether you're an investor seeking a turnkey opportunity or an owner-occupant craving the beach lifestyle, this one checks every box. The building consists of four cozy one-bedroom units and one charming studio with a loft, a versatile mix that appeals to a wide range of tenants and keeps vacancy low in this perpetually sought-after coastal market. The current ownership has invested heavily in the fundamentals. The entire property has been re-piped with hardline galvanized pipes, new roof vents installed, and every unit equipped with a new heater. A new commercial-grade water heater serves the building, and the studio features a fully remodeled bathroom giving the next owner true peace of mind. A comprehensive renovation in 2010 modernized the interiors throughout, including remodeled kitchens and bathrooms, upgraded plumbing and electrical, sound insulation between each unit, and beautiful bamboo flooring, all hallmarks of a well-loved, well-maintained property. Income properties just a short stroll to the sand in Encinitas are as coveted as they are scarce, don't let this one slip by! Authentic coastal character, walk-to-beach location, and income from day one! 215-223 Lolita Street is the rare gem that captures the soul of old Encinitas. This five-unit coastal income property sits just three blocks, or 0.2 miles, from the sand of Moonlight Beach. Whether you're an investor seeking a turnkey opportunity or an owner-occupant craving the beach lifestyle, this one checks every box. The building consists of four cozy one-bedroom units and one charming studio with a loft, a versatile mix that appeals to a wide range of tenants and keeps vacancy low in this perpetually sought-after coastal market. The current ownership has invested heavily in the fundamentals. The entire property has been re-piped with hardline galvanized pipes, new roof vents installed, and every unit equipped with a new heater. A new commercial-grade water heater serves the building, and the studio features a fully remodeled bathroom giving the next owner true peace of mind. A comprehensive renovation in 2010 modernized the interiors throughout, including remodeled kitchens and bathrooms, upgraded plumbing and electrical, sound insulation between each unit, and beautiful bamboo flooring, all hallmarks of a well-loved, well-maintained property. Income properties just a short stroll to the sand in Encinitas are as coveted as they are scarce, don't let this one slip by!

215-223 Lolita St, Encinitas

$1,099,000
5 Beds 4 Baths 260013924 MLS ACTIVE Status Na BLDG.
Two fully remodeled homes on one lot in Lakeside, CA, set on approximately 5 acres in East County San Diego. This unique property offers 5 bedrooms and 4 bathrooms across two separate dwellings, ideal for multigenerational living, rental income, guests, or buyers looking for acreage without taking on a fixer. 11305 Rocky Lane is approximately 650 sq ft with 2 bedrooms and 2 bathrooms, perfect for extended family, guest quarters, a home office, or potential rental income. 11307 Rocky Lane is the approximately 1,300 sq ft main residence with 3 bedrooms and 2 bathrooms. Both homes were fully remodeled by the seller, a licensed general contractor who completed the work on his own property. The property also features solar and septic. Live in one home and rent the other, create separate space for parents or adult children, or simply enjoy the flexibility of two remodeled homes on approximately 5 acres. Located in Lakeside with easy access to Highway 67 and I-8, Santee and El Cajon, and the Lake Jennings and El Capitan areas. If you've been searching for two homes on one lot in San Diego County, a multigenerational property, income property, or Lakeside acreage, schedule your showing of 11305-11307 Rocky Lane. Two fully remodeled homes on one lot in Lakeside, CA, set on approximately 5 acres in East County San Diego. If you're searching for a multi-family property, multigenerational living, an ADU or guest house setup with rental income potential, or simply more land without taking on a fixer, 11305-11307 Rocky Lane deserves a look. The property offers 5 bedrooms and 4 bathrooms across two separate dwellings. 11305 Rocky Lane is approximately 650 sq ft with 2 bedrooms and 2 bathrooms, making it an ideal setup for extended family, guest quarters, a home office, or potential rental income. 11307 Rocky Lane is the approximately 1,300 sq ft main residence with 3 bedrooms and 2 bathrooms. Both homes have been fully remodeled by the seller, a licensed general contractor who completed the work on his own property. Translation: this wasn't somebody's weekend project. For buyers looking for two homes on one lot in San Diego County, this setup opens up options that a traditional single-family home simply doesn't. Live in the 3-bedroom home and rent the second dwelling. Create separate space for parents or adult children. Use one residence for guests or work. Or take advantage of the flexibility of two remodeled homes while enjoying approximately 5 acres of Lakeside land. The property also features solar and septic, combining acreage with an already updated living setup. No buying five acres and then discovering you have two years of projects ahead of you. Located in Lakeside in East County San Diego, the property offers access to the Highway 67 and I-8 corridors, with Santee and El Cajon within easy reach and the El Capitan and Lake Jennings areas nearby. Two homes. Approximately five acres. 5 bedrooms. 4 bathrooms. Solar. Septic. And both residences are already remodeled. Whether you're looking for a Lakeside acreage property, multigenerational home, income-producing property in East County San Diego, or the kind of two-home setup buyers often search for as a house plus ADU or guest house, this is one you need to see in person.

11305-7 Rocky Ln, Lakeside

$1,249,999
8 Beds 4 Baths 260013616 MLS ACTIVE Status N/A BLDG.
5067 Alumni Place presents a rare opportunity to acquire a fully gut-remodeled 2-unit property with architectural plans to be submitted to city add two additional units with STREET ACCESS from both sides, offering both high rental income (BY SDSU) and clear development upside. The existing improvements consist of two spacious units, each featuring 4 bedrooms and 2 bathrooms at approximately 1,500 square feet per unit (Total 8B/4B). Both units have been completely renovated, providing modern layouts, updated systems, and strong rental appeal. Plans call for the construction of a new two-story building featuring two additional units with a patio deck: a 4-bedroom, 2-bath unit of approximately 1,200 square feet and a 2-bedroom, 1-bath unit of approximately 600 square feet, with one unit on each level (Total 6B/3B). Strategically located in the College Area, directly adjacent to San Diego State University, the property sits in one of San Diego’s strongest and most consistent rental corridors. Proximity to campus, transit, and neighborhood amenities makes this an ideal asset for investors seeking stable cash flow today with the ability to significantly increase density and long-term value. This property offers rare both front and back street access to both levels and the proposed new 2 unit. Parking is abundant on Reservoir Dr and does not require a permit. Both units are now vacant

5067 Alumni Pl, Talmadge/San Diego Central

$2,195,000
5 Beds 4 Baths PTP2604303 MLS ACTIVE Status
Discover 3492 Bayside Lane, a fully furnished 5-bedroom, 4-bathroom duplex in the heart of Mission Beach. The downstairs unit at 815 El Carmel Place offers 3 bedrooms, 2 bathrooms, and a spacious stamped concrete front patio, while the upstairs unit features 2 bedrooms, 2 bathrooms, including separate master suites with en-suite baths and a private outdoor patio. Additional perks include in-unit laundry and attached garage parking for one small to medium car for Each unit. The home also features 2 separate addresses, 2water meters/2Gas Meters for easy rental. Just steps from Mission Bay and a short walk to the Pacific Ocean, enjoy easy access to restaurants, shops, water sports, Belmont Park, and SeaWorld. Ideal for owner-occupants, live in one unit and rent the other; the property operates as a STR during summer and long-term rental the rest of the yearperfect for maximizing income in this prime beachside location. Discover 3492 Bayside Lane, a fully furnished 5-bedroom, 4-bathroom duplex in the heart of Mission Beach. The downstairs unit at 815 El Carmel Place offers 3 bedrooms, 2 bathrooms, and a spacious stamped concrete front patio, while the upstairs unit features 2 bedrooms, 2 bathrooms, including separate master suites with en-suite baths and a private outdoor patio. Additional perks include in-unit laundry and attached garage parking for one small to medium car for Each unit. The home also features 2 separate addresses, 2water meters/2Gas Meters for easy rental. Just steps from Mission Bay and a short walk to the Pacific Ocean, enjoy easy access to restaurants, shops, water sports, Belmont Park, and SeaWorld. Ideal for owner-occupants, live in one unit and rent the other; the property operates as a STR during summer and long-term rental the rest of the yearperfect for maximizing income in this prime beachside location.

3492 Bayside Ln, Pacific Beach/Mission Beach

$18,100,000
112 Beds 110 Baths 260013438 MLS ACTIVE Status
We are pleased to present Vista Pacific apartments, a newly renovated multifamily investment opportunity located in Chula Vista, California, one of south San Diego’s county’s steadily growing market. Built in 1981, Vista Pacific Apartments is a two-story garden-style community featuring spacious one- and two-bedroom floorplans averaging 894 SF. The subject property has benefited from more than $750,000 in capital improvements completed by current ownership which includes a new roof, enhanced landscaping, the addition of two ADUs, and interior unit renovations. Community amenities include landscaped courtyard areas, BBQ and picnic spaces with pergolas, assigned parking, and dog run. Interior units features include stainless-steel appliance packages, updated cabinetry, quartz countertops, in unit washer and dryer, with approximately 84% of units having been renovated and achieving premiums compared to their classic counterparts. Flooring consists of a mix of vinyl-plank flooring and carpet in select units. The units are further enhanced by air conditioning and heating with private outdoor spaces including balconies and fenced patios in select layouts. Vista Pacific Apartments is situated within an established residential neighborhood near Downtown Chula Vista surrounded by Third & Moss Shopping Center, San Diego Country Club, Plaza Chula Vista, and Chula Vista High School. Also located just 2.2 miles north is Downtown Chula Vista, a growing urban district known for its convenient access to shopping, dining, entertainment, schools, parks, and essential services.

1035 4th Ave, Chula Vista

$5,499,900
9 Beds 6 Baths 260013411 MLS ACTIVE Status Terramar Asscociation BLDG.
Great 1031 Exchange Opportunity! Whether you're seeking a high-performing investment property or the ultimate coastal vacation home, this exceptional new construction offers the best of both worlds. Live or vacation in the stunning front residence while generating significant rental income from the two additional units, or maximize returns with short-term rental opportunities. Discover a rare new construction opportunity just two blocks from the beach in the heart of Carlsbad. Built in 2025, this exceptional multi-family property blends modern coastal luxury with outstanding income potential, making it ideal for investors or owner-occupants. The main residence is a beautifully designed 5-bedroom, 3-bath home currently operating as a successful Airbnb. A custom 10-foot solid wood pivot door opens to soaring 10-foot ceilings, a striking floating staircase with LED-lit treads and glass railings, and thoughtfully designed living spaces throughout. The spa-inspired primary suite features an oversized fully enclosed shower, while the main level offers a stylish wet bar with a waterfall-edge island and LaCantina-style folding doors that create seamless indoor-outdoor living. The rooftop deck is an entertainer's dream, complete with panoramic ocean views, an outdoor kitchen, private hot tub, and private beach access. The property also includes two fully leased income-producing units. The detached 3-bedroom, 2-bath ADU features dedicated parking and private front and back yards, while the 1-bedroom, 1-bath Jr. ADU includes its own private yard.

5140 Los Robles Dr, Carlsbad

$4,890,000
260013332 MLS ACTIVE Status
Incredibly rare mixed-use trophy property located at the corner of 1st Ave and Maple St in the heart of Bankers Hill, just steps from Balboa Park, Mister A’s, and surrounded by some of San Diego’s most iconic historic homes. Situated on a prime corner lot with dual street frontage, this exceptional asset offers strong in-place income, pride of ownership, and long-term investment potential in one of San Diego’s most desirable neighborhoods. The property consists of five units, including a professional office space and four residential units. The front corner office, designed to resemble a classic historic home, is leased under a long-term agreement with annual rent increases. The residential units have been extensively remodeled and professionally designed, creating a turnkey investment with strong rental appeal. Two units were completely rebuilt from the ground up in 2024. Major capital improvements include all-new electrical, plumbing, insulation, HVAC systems, electrical meters, and a state-of-the-art fire sprinkler system throughout. Several units feature upgraded kitchens, designer finishes, modern flooring, and remodeled bathrooms. The upper unit enjoys bay and city views, while tenants share a beautifully landscaped courtyard. Mixed-use zoning provides flexibility for investors or owner-users. Ideally located near downtown, Little Italy, the waterfront, San Diego International Airport, and some of the city's best dining and cultural attractions, this is a rare opportunity to acquire a fully upgraded mixed-use asset in one of San Diego’s premier neighborhoods. Incredibly rare mixed-use trophy property located at the prestigious corner of 1st Ave and Maple St in the heart of Bankers Hill, just steps from Balboa Park, Mister A’s, and surrounded by some of San Diego’s most iconic historic homes and architecture. Positioned on a prime corner lot with dual street frontage, this exceptional asset offers a rare blend of residential charm, strong in-place income, and long-term investment upside in one of San Diego’s most sought-after neighborhoods. The property consists of a professional office space in the front corner unit, designed to resemble a classic historic home, currently leased under a long-term agreement with built-in annual rent increases. The remaining four residential units are fully remodeled and professionally designed, creating a turnkey pride-of-ownership asset with strong rental appeal. Two of the residential units were completely rebuilt from the ground up in 2024 with high-end construction and modern systems throughout. Extensive capital improvements include all new electrical, plumbing, insulation, HVAC systems, new electrical meters, and a state-of-the-art fire sprinkler system servicing the entire property. Several units feature upgraded kitchens, designer finishes, modern flooring, and updated baths. The upstairs unit enjoys beautiful bay and city views, while all tenants share access to a lushly landscaped common courtyard that creates a private and tranquil atmosphere rarely found in urban multifamily properties. The mixed-use zoning offers exceptional flexibility for investors, owner-users, short-term rental strategies where permitted, or long-term hold scenarios in a premier walkable location near downtown, Little Italy, the waterfront, San Diego International Airport, and some of the city’s best dining and cultural attractions. Opportunities to acquire a fully upgraded mixed-use asset of this caliber in Bankers Hill are exceptionally limited.

110 Maple, Mission Hills

$1,795,000
3 Beds 3 Baths 260013283 MLS ACTIVE Status Na BLDG.
Exceptional South Park Triplex with Income Upside and Development Potential. Rare opportunity to acquire a beautifully maintained three-unit income property in one of San Diego's most desirable urban neighborhoods. Located in the heart of South Park, just blocks from Balboa Park, this unique property offers a compelling combination of current cash flow, future rental upside, development potential, and the charm that makes South Park one of San Diego's most sought-after communities. The property consists of three well-maintained 1-bedroom residential units in a tranquil garden-like setting. Mature landscaping, abundant greenery, and private outdoor living spaces create an environment that feels more like a collection of individual homes than a traditional income property. Each residence enjoys its own private patio area, providing tenants with valuable outdoor space and enhanced privacy.The units have been meticulously maintained, each with in-unit washer/dryers, dishwashers, tankless hot water heaters, and separately metered utilities paid directly by the tenants (owner currently pays water service only). The property currently generates approximately $103,000 in annual gross rental income, with estimated market rents supporting potential gross income of approximately $112,000 annually, offering investors potential upside opportunities. Notably adding to the property's appeal is a 400 sf detached two-car garage with ADU potential (currently not included for tenants’ use) with City-approved architectural plans for future use as an office/workspace. South Park continues to be one of San Diego's most vibrant and enduring neighborhoods, known for its walkability, historic character, independent restaurants, neighborhood cafes, local boutiques, and proximity to Balboa Park, downtown San Diego, and major employment centers. Properties offering this combination of location, condition, income stability, and future upside are increasingly rare. Whether seeking a long-term investment, a value-add opportunity, or a property with potential for future owner-user flexibility, this exceptional South Park triplex offers a unique opportunity in one of San Diego's premier rental markets.

1936-40 Dale St, Golden Hill

$1,750,000
4 Beds 3 Baths 260013271 MLS ACTIVE Status
Discover the perfect blend of comfort and versatility in this delightful three-bedroom, two-bathroom home nestled in the sought-after Altadena neighborhood of North Park. This property boasts not only a stunning main residence but also a charming one-bedroom detached cottage, offering endless possibilities whether for guests, rental income, or a dedicated workspace. Step inside the main home to be greeted by gorgeous hardwood floors that flow throughout, filling the space with warmth and elegance. Bathed in natural light, the updated kitchen is a chef's dream, featuring stylish shaker-style cabinets, luxurious quartz countertops, and sleek stainless steel appliances, all complemented by a cozy breakfast area for casual dining. The spacious, fenced yard is a true outdoor oasis, beautifully landscaped and complete with a deck that invites you to unwind and soak up the sun or entertain friends and family in style. With a one-car detached garage providing ample storage, you’ll find convenience at every turn. The detached one-bedroom cottage at the rear of the property is equally inviting, showcasing newer vinyl plank flooring, a washer and dryer, and a generous private patio that enhances its charm. This fantastic property is ideally situated just a few blocks from the vibrant North Park business district at Thorn and 32nd Street, offering an array of shops, restaurants, and entertainment options. Families will appreciate being only two blocks away from McKinley Elementary School, making this location as practical as it is desirable.

3308-3310 Gregory St, North Park

$2,195,000
4 Beds 3 Baths OC26115020 MLS ACTIVE Status
Location, Location, Location in Famous Mission Beach. Only Two (2) parcels from the soft sandy beach with gentle ocean breeze. Absentee owners will sell this triplex with old world charm, knotty wood paneling and hard wood floors. All beach amenities are close by. Upstairs contains 2 BD and 1 BTH. Down are 2 units with 1 BED and 1BTH and a court yard. Includes a 2.5 Garage space, plus common laundry area. Additional parking across the street. Some upgrades have been made. Property is being sold in AS IS condition. Currently leased to a Tenant with hard to come-by short term rental license (i.e. Airbnb). Has development potential. Seller requires an exchange at no cost to Buyer. Do not disturb Tenant. Call for additional information. One of the owners is a licensed agent. Listing Broker has an interest in the property. Location, Location, Location in Famous Mission Beach. Only Two (2) parcels from the soft sandy beach with gentle ocean breeze. Absentee owners will sell this triplex with old world charm, knotty wood paneling and hard wood floors. All beach amenities are close by. Upstairs contains 2 BD and 1 BTH. Down are 2 units with 1 BED and 1BTH and a court yard. Includes a 2.5 Garage space, plus common laundry area. Additional parking across the street. Some upgrades have been made. Property is being sold in AS IS condition. Currently leased to a Tenant with hard to come-by short term rental license (i.e. Airbnb). Has development potential. Seller requires an exchange at no cost to Buyer. Do not disturb Tenant. Call for additional information. One of the owners is a licensed agent. Listing Broker has an interest in the property.

3528 Mission, Pacific Beach/Mission Beach

$1,449,000
NDP2605230 MLS ACTIVE Status
Newly renovated 3-unit property in the heart of Normal Heights! This turnkey investment features a detached 2-bedroom, 1-bath front house and a rear duplex comprised of two spacious 2-bedroom, 1-bath units. The front house is currently vacant, presenting a unique owner-user opportunity to live in the home while generating passive income from the duplex, or lease the unit at market rent to maximize returns. Extensive recent improvements include renovated interiors, updated kitchens and bathrooms, new appliances, dual-pane windows, foundation upgrades, sewer line improvements, and roof repairs. The duplex units are occupied by great tenants with rents slightly below market, providing built-in rental upside. The property also offers ample off-street parking, a highly desirable amenity in this urban location. Ideally situated near the restaurants, cafes, shopping, and nightlife of Normal Heights, with convenient access to Downtown San Diego and major freeways, this property offers the perfect blend of owner-user flexibility, stable income, and long-term investment potential. Buyer to verify all information. Please do not disturb tenants. For any questions, please contact Stevie Berman at (408)202-0611. Newly renovated 3-unit property in the heart of Normal Heights! This turnkey investment features a detached 2-bedroom, 1-bath front house and a rear duplex comprised of two spacious 2-bedroom, 1-bath units. The front house is currently vacant, presenting a unique owner-user opportunity to live in the home while generating passive income from the duplex, or lease the unit at market rent to maximize returns. Extensive recent improvements include renovated interiors, updated kitchens and bathrooms, new appliances, dual-pane windows, foundation upgrades, sewer line improvements, and roof repairs. The duplex units are occupied by great tenants with rents slightly below market, providing built-in rental upside. The property also offers ample off-street parking, a highly desirable amenity in this urban location. Ideally situated near the restaurants, cafes, shopping, and nightlife of Normal Heights, with convenient access to Downtown San Diego and major freeways, this property offers the perfect blend of owner-user flexibility, stable income, and long-term investment potential. Buyer to verify all information. Please do not disturb tenants. For any questions, please contact Stevie Berman at (408)202-0611.

4319-4321 Swift Ave, North Park

$699,000
4 Beds 3 Baths PTP2604162 MLS ACTIVE Status
ADU! Cozy 3 bedroom 2 bath main house with an attached granny flat studio in the back featuring a large room with kitchenette combo and private bathroom.Granny flat has a private entrance. Live in one and rent the other to subsidize your mortgage payments. Property features a spacious backyard with artificial turf and a sparkling swimming pool, perfect for our San Diego hot summers. Enjoy lower SDGE bills as this home is equipped with Solar. Main home boasts an open kitchen living room and dining room concept, perfect for family gatherings. Kitchen has granite countertops, cherry wood cabinets, and a stainless steel refrigerator. All bedrooms and bathrooms are spacious, a perfect home for a growing family. Home features two driveways and an attached garage with washer and dryer hookups. Backyard is spacious with included flower beds, a shed, and a covered patio perfect for family BBQ's. Don't miss out on this spacious home with attached granny flat, it won't last long. ADU! Cozy 3 bedroom 2 bath main house with an attached granny flat studio in the back featuring a large room with kitchenette combo and private bathroom.Granny flat has a private entrance. Live in one and rent the other to subsidize your mortgage payments. Property features a spacious backyard with artificial turf and a sparkling swimming pool, perfect for our San Diego hot summers. Enjoy lower SDGE bills as this home is equipped with Solar. Main home boasts an open kitchen living room and dining room concept, perfect for family gatherings. Kitchen has granite countertops, cherry wood cabinets, and a stainless steel refrigerator. All bedrooms and bathrooms are spacious, a perfect home for a growing family. Home features two driveways and an attached garage with washer and dryer hookups. Backyard is spacious with included flower beds, a shed, and a covered patio perfect for family BBQ's. Don't miss out on this spacious home with attached granny flat, it won't last long.

1605 N Mollison Ave, El Cajon

$5,400,000
15 Beds 14 Baths 260012823 MLS ACTIVE Status
New reduced price! We are pleased to present 4578 Jicarillo Ave, a newly constructed, fully stabilized 13-unit multifamily asset positioned along the canyon edge in the highly sought-after Bay Ho submarket of San Diego. Completed in 2025 and delivered fully leased, the Property offers contemporary design, serene natural surroundings, and immediate income in one of San Diego's most supply-constrained coastal neighborhoods. The community features sweeping westerly canyon views, an omnipresent coastal breeze, and picturesque vistas of Mt. Soledad – a setting virtually impossible to replicate in today's entitlement environment. The property provides scale in a quiet, central coastal pocket while remaining under the 16-unit threshold that triggers on-site management. Property consists of 12 one-bed/1-bath residences at 441 SF and a renovated 3-bed/2-bath single-family home at 1,324 SF – a rare configuration combining multifamily scale with standalone residential value on a 13,600 SF lot. Units feature 10-foot ceilings, quartz waterfall countertops, stainless steel appliances, in-unit washer/dryer, split-system HVAC, and private outdoor space. Current gross income totals $36,335/month ($436,020 annualized), pro forma of $37,700/month ($452,400 annualized) at market rents. Property is offered at $5,400,000 ($415k/unit), representing a 5.57% current cap rate (5.97% pro forma), based on current NOI of $300,814. Contact listing broker for OM and financials.

4578 Jicarillo Ave, Clairemont/Bay Park

$3,025,000
6 Beds 5 Baths 260012700 MLS ACTIVE Status Mission Beach BLDG.
Rare Coastal Duplex | 3 Homes from the Ocean | South Mission Beach Welcome to your slice of San Diego beach paradise. This exceptional beachside duplex places you just three homes from the sand — close enough to hear the waves, yet tucked in a coveted residential pocket of South Mission Beach. Set on a generous 2,459 sq ft lot — the property offers 2 beautifully appointed units designed for luxurious living & outstanding income potential. The Residences consist of an expansive upper unit which features 3 bedrooms, a bonus room, & 3 full bathrooms, crowned by a sweeping outdoor deck where ocean views and sea breezes make every day feel like a vacation. The equally impressive lower unit offers 3 bedrooms, 2 full bathrooms, & a large private patio perfect for al fresco entertaining. An Investor’s Dream as this property has the most difficult to obtain & coveted Tier 4 short-term rental license. Whether you’re seeking a premier vacation rental, long-term tenants, or the best of both worlds, the income potential here is exceptional. Practical upgrades include 3 parking spaces & 2 newer A/C units, ensuring comfort and convenience for residents and guests alike. Live Here. Earn Here. The flexible dual-unit layout creates a compelling owner-occupant opportunity — live in one unit and let the other generate income that offsets your costs & then some. The location is steps from the sand & surf, and moments from Mission Beach’s best dining, nightlife, & parks. This address delivers the ultimate coastal lifestyle with unmatched investment versatility.

722-724 Balboa, Pacific Beach/Mission Beach

$2,995,000
11 Beds 8 Baths 260012514 MLS ACTIVE Status
Offered for the first time in over 25 years, this eight-unit multifamily asset delivers a rare combination of immediate value-add upside and long-term development potential in one of San Diego's most coveted rental submarkets. The diversified unit mix — (3) 2BD/1BA, (1) 3BD/1BA, (2) Studios, and (2) 1BD/1BA — provides a resilient, diversified income stream with rents sitting meaningfully below market. Four rear garages present a compelling ADU conversion opportunity, with the potential to add up to four additional income-producing units and materially increase the property's long-term value. A generational family hold coming to market for the first time, 3602–08 Indiana represents exactly the kind of repositioning play that rarely surfaces in this zip code. Hillcrest is San Diego's most dynamic and irreplaceable urban village, consistently registering among the lowest vacancy rates in the county. Anchored by proximity to UCSD Health and Sharp Memorial Hospital, and flanked by the cultural draw of Balboa Park, the neighborhood attracts a deep and loyal renter base of healthcare professionals, young creatives, and long-term residents who choose Hillcrest for its walkability, energy, and unmatched quality of life. University Avenue and Fifth Avenue deliver some of the city's best independent dining, retail, and nightlife steps from the front door — making this a location that practically leases itself.

3602-08 Indiana St, Mission Hills

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