Talmadge Real Estate | Talmadge Multi-Family Homes for Sale

PRIME COMMERCIAL PROPERTY & MIXED-USE DEVELOPMENT OPPORTUNITY – EL CAJON! Excellent investment opportunity located at 1256 N. 1st Street, El Cajon, CA 92021. Approximately 11,204 Sq. Ft. (0.257 acres) with reported C-36 commercial zoning, offering potential for various commercial uses. Conveniently located near Greenfield Drive and North 1st Street, just minutes from Interstate 8, shopping centers, businesses, and residential neighborhoods. The owner has proposed plans for mixed-use development featuring retail spaces and residential apartments, subject to city approval. Ideal for investors, developers, or business owners seeking a prime East County location with long-term investment potential. Buyer to verify zoning, permitted uses, development feasibility, property information, and all required city approvals.

1256 N 1st, El Cajon

$2,500,000

5 Beds ⋅ 4 Baths ⋅ PTP2607788 MLS ⋅ ACTIVE Status

Easy to show and ready to sell. Four units are currently vacant and have been freshly renovated, offering immediate lease-up potential. An ideal opportunity for investors seeking a property suitable for a 1031 tax-deferred exchange. These newly renovated units in Hillcrest are not to be missed. Located at 421721 3rd Avenue, this five-unit multifamily property is situated in San Diegos rapidly evolving Hillcrest neighborhood and spans more than 3,900 square feet. Each unit features recent upgrades and in-unit laundry facilities, providing added convenience for residents. The property consists of two buildings: a two-story fourplex and a detached, single-level two-bedroom, one-bath home. This competitively priced investment presents a rare opportunity for an owner-occupant or investor to capitalize on long-term growth in a high-demand rental market. Its proximity to grocery stores, restaurants, hospitals, major roadways, and the beach further enhances its appeal. Enjoy the best of Hillcrest living while generating rental income, with excellent potential for repositioning and long-term appreciation. Easy to show and ready to sell. Four units are currently vacant and have been freshly renovated, offering immediate lease-up potential. An ideal opportunity for investors seeking a property suitable for a 1031 tax-deferred exchange. These newly renovated units in Hillcrest are not to be missed. Located at 421721 3rd Avenue, this five-unit multifamily property is situated in San Diegos rapidly evolving Hillcrest neighborhood and spans more than 3,900 square feet. Each unit features recent upgrades and in-unit laundry facilities, providing added convenience for residents. The property consists of two buildings: a two-story fourplex and a detached, single-level two-bedroom, one-bath home. This competitively priced investment presents a rare opportunity for an owner-occupant or investor to capitalize on long-term growth in a high-demand rental market. Its proximity to grocery stores, restaurants, hospitals, major roadways, and the beach further enhances its appeal. Enjoy the best of Hillcrest living while generating rental income, with excellent potential for repositioning and long-term appreciation.

4217-21 3rd Ave, Mission Hills

$1,100,000

PTP2607784 MLS ⋅ ACTIVE Status

INCREDIBLE INCOME-PRODUCING OPPORTUNITY! Welcome to 5206 La Paz Dr, a versatile property offering exceptional flexibility, multiple living spaces, and impressive rental income potential! Featuring a 3-bedroom, 1-bath main residence, a separate 2-bedroom, and an additional studio with a full bathroom, this property offers three distinct living spaces, each equipped with its own washer and dryer for added convenience and privacy. Previously generating approximately $8,750 per month in combined rental income, this property presents an exciting opportunity for investors looking to expand their portfolio or homeowners interested in offsetting their mortgage with rental income. That's approximately $105,000 in potential annual gross income based on its previous rental performance! Adding even more value are two individual one-car garages, offering additional storage, parking, or potential rental income opportunities. Whether you're looking for a multigenerational living arrangement, a property to accommodate extended family, or an investment with multiple income streams, this property offers outstanding versatility. LIVE IN ONE, RENT THE OTHERS, AND LET YOUR PROPERTY WORK FOR YOU! Opportunities offering this combination of living space, flexibility, and income potential don't come around often. Schedule your private showing today! INCREDIBLE INCOME-PRODUCING OPPORTUNITY! Welcome to 5206 La Paz Dr, a versatile property offering exceptional flexibility, multiple living spaces, and impressive rental income potential! Featuring a 3-bedroom, 1-bath main residence, a separate 2-bedroom, and an additional studio with a full bathroom, this property offers three distinct living spaces, each equipped with its own washer and dryer for added convenience and privacy. Previously generating approximately $8,750 per month in combined rental income, this property presents an exciting opportunity for investors looking to expand their portfolio or homeowners interested in offsetting their mortgage with rental income. That's approximately $105,000 in potential annual gross income based on its previous rental performance! Adding even more value are two individual one-car garages, offering additional storage, parking, or potential rental income opportunities. Whether you're looking for a multigenerational living arrangement, a property to accommodate extended family, or an investment with multiple income streams, this property offers outstanding versatility. LIVE IN ONE, RENT THE OTHERS, AND LET YOUR PROPERTY WORK FOR YOU! Opportunities offering this combination of living space, flexibility, and income potential don't come around often. Schedule your private showing today!

5206 La Paz Dr, Encanto

4835-37 63rd St, Talmadge/San Diego Central

$1,750,000

8 Beds ⋅ 4 Baths ⋅ 260025004 MLS ⋅ ACTIVE Status ⋅ College Area BLDG.

4835-37 63rd St is a fully renovated, turnkey duplex in the College Area, minutes from SDSU. The property offers (2) 4Bed/2Bath units totaling approximately 3,058 SF on a 6,428 SF lot, set in 2 separate structures, including a 2-story rear ADU completed in 2024. Full renovations to both units limit near-term capital needs. The SDSU location drives steady demand from students, faculty and staff, and the four-bedroom layouts suit roommate leasing. A driveway provides ample parking, and tenants pay gas, electric and water. Current rents total $12,260 per month, and the property is offered at a 5.78% current cap rate.

4835-37 63rd St, Talmadge/San Diego Central

5103-05 Gary St, Talmadge/San Diego Central

$1,600,000

8 Beds ⋅ 4 Baths ⋅ 260025006 MLS ⋅ ACTIVE Status ⋅ College Area BLDG.

5103-05 Gary St is a fully renovated duplex in the College Area, minutes from San Diego State University. The property offers (2) 4Bed/2Bath units totaling approximately 2,555 SF on a 7,900 SF lot, with 5103 featuring a two-story layout and private balcony. Built in 1955 and renovated top to bottom, the property limits near-term capital needs. A large backyard with a wood deck and turf adds usable outdoor space, and an oversized driveway provides ample parking. SDSU proximity drives consistent demand, and the four-bedroom floor plans suit roommate leasing. Current rents total $10,960 per month, a 5.63% current cap rate, with market rents estimated at $12,000 per month

5103-05 Gary St, Talmadge/San Diego Central

$850,000

2 Beds ⋅ 1 Baths ⋅ NDP2609564 MLS ⋅ ACTIVE Status

340 Pleasant Way is a multifamily development opportunity located in central San Marcos. The property consists of a two-bedroom, one-bathroom single-family residence of approximately 725 square feet, built in 1940, situated on a 12,182 square foot lot. The property is zoned R-3-10, San Marcos' medium-density multifamily designation, which provides for development at 12.1 to 20 dwelling units per acre. The City has indicated a base potential of up to five residential units, with additional upside available through state density bonus provisions. True potential to maximize property and profit could be up to 6 townhomes and 2 ADUs. Zoning being flexible with alternative usage in San Marcos; potentially assisted living facility as an example. Buyer to get approved with City of San Marcos. This site represents a rare infill opportunity in a submarket defined by strong rental demand and limited supply of developable land. Neighboring parcels are already improved with multifamily product, and the location offers direct access to the State Route 78 corridor, Palomar College and California State University San Marcos. With favorable zoning in place, an existing residence capable of generating income throughout the entitlement period, and few comparable sites available in the submarket, 340 Pleasant Way should be valued as a development site rather than as a single-family home. 340 Pleasant Way is a multifamily development opportunity located in central San Marcos. The property consists of a two-bedroom, one-bathroom single-family residence of approximately 725 square feet, built in 1940, situated on a 12,182 square foot lot. The property is zoned R-3-10, San Marcos' medium-density multifamily designation, which provides for development at 12.1 to 20 dwelling units per acre. The City has indicated a base potential of up to five residential units, with additional upside available through state density bonus provisions. True potential to maximize property and profit could be up to 6 townhomes and 2 ADUs. Zoning being flexible with alternative usage in San Marcos; potentially assisted living facility as an example. Buyer to get approved with City of San Marcos. This site represents a rare infill opportunity in a submarket defined by strong rental demand and limited supply of developable land. Neighboring parcels are already improved with multifamily product, and the location offers direct access to the State Route 78 corridor, Palomar College and California State University San Marcos. With favorable zoning in place, an existing residence capable of generating income throughout the entitlement period, and few comparable sites available in the submarket, 340 Pleasant Way should be valued as a development site rather than as a single-family home.

340 Pleasant Way, San Marcos

$1,699,000

21 Beds ⋅ 20 Baths ⋅ 260024974 MLS ⋅ ACTIVE Status

Morena Lofts is a nine-unit ground-up residential development planned for a 12,500 SF infill lot at 1221 Dorcas Street in San Diego. The plans include approximately 10,682 SF of living space across nine two- and three-bedroom homes, along with 11 on-site parking spaces and about 859 SF of private decks. The unit mix consists of six 950 SF 2BR/2BA ADUs arranged in three stacked pairs, two 1,750 SF three-story 3BR/2.5BA townhome-style residences, and one 1,482 SF two-story 3BR/2BA residence. Every home includes in-unit laundry. The permit set was submitted to the City of San Diego on 9/16/2024 and is pending approval. Unit count, design and fees remain subject to City review. Buyers and their agents should independently verify all information.

1221 Dorcas St, Old Town

1566 Reed Ave, Pacific Beach/Mission Beach

$1,995,000

3 Beds ⋅ 3 Baths ⋅ 260024957 MLS ⋅ ACTIVE Status ⋅ Pb BLDG.

1566 Reed Avenue, a turnkey 3-unit multifamily property in the desirable Crown Point neighborhood of Pacific Beach, just blocks from Mission Bay, beaches, shopping, and dining. The property features three cottage-style 1-bedroom / 1-bathroom units, including one newly constructed unit and two recently renovated units. Each residence offers a private fenced yard, in-unit laundry, air conditioning, quartz countertops, stainless steel appliances, and updated bathrooms. An excellent opportunity to acquire a renovated coastal investment property in one of San Diego’s most sought-after rental markets.

1566 Reed Ave, Pacific Beach/Mission Beach

$2,300,000

5 Beds ⋅ 5 Baths ⋅ PTP2607746 MLS ⋅ ACTIVE Status

Rare 7-unit Normal Heights offering with the heavy lifting done. Two detached buildings on one lot: a 1926 Spanish-style 2BD/2BA single-family home, fully renovated in 2022, with its own detached garage and private fenced yard, plus a brand-new two-story building of six units completed in 2026 (two 2BD/2BA and four 1BD/1BA). The new units feature private entries, ductless mini-split A/C, tankless water heaters, quartz counters, electric ranges, fire sprinklers and individual water sub-meters. Six of seven units are leased at 2026 market rents, and one unit is ready to lease. Currently operating at a 5.64% cap rate, with the potential to reach 6.60% once stabilized. New construction means little deferred maintenance, and the new units may be exempt from AB 1482 rent caps (buyer to verify). Walk to the cafes, restaurants and shops of Adams Ave, minutes to North Park, I-805 and I-8. Rare 7-unit Normal Heights offering with the heavy lifting done. Two detached buildings on one lot: a 1926 Spanish-style 2BD/2BA single-family home, fully renovated in 2022, with its own detached garage and private fenced yard, plus a brand-new two-story building of six units completed in 2026 (two 2BD/2BA and four 1BD/1BA). The new units feature private entries, ductless mini-split A/C, tankless water heaters, quartz counters, electric ranges, fire sprinklers and individual water sub-meters. Six of seven units are leased at 2026 market rents, and one unit is ready to lease. Currently operating at a 5.64% cap rate, with the potential to reach 6.60% once stabilized. New construction means little deferred maintenance, and the new units may be exempt from AB 1482 rent caps (buyer to verify). Walk to the cafes, restaurants and shops of Adams Ave, minutes to North Park, I-805 and I-8.

4576-4582 Felton St, Normal Heights

$1,395,000

7 Beds ⋅ 4 Baths ⋅ 260024934 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

Exceptional investment opportunity featuring two newly completed residences on one lot, each with its own address, parking, and strong income potential. With construction just completed, both homes are move-in ready and offer the rare opportunity to acquire a turnkey property with immediate occupancy and minimal maintenance concerns. The front residence, 2743 Wilma Street, offers 3 bedrooms, 2 bathrooms, and approximately 1,430 square feet of modern living space. The rear residence, 2745 Wilma Street, is a newly constructed 4-bedroom, 2-bathroom ADU spanning approximately 1,200 square feet. Each home includes two dedicated tandem parking spaces, providing a total of four off-street parking spaces. Thoughtfully designed for owner-occupants, multigenerational households, or investors, both homes feature contemporary finishes, efficient floor plans, and the benefits of brand-new construction. Whether living in one residence and renting the other or maximizing income by leasing both, the property offers exceptional flexibility and long-term value. Situated in a convenient National City location, residents enjoy easy access to Interstate 5, Interstate 805, and State Route 54, connecting them to Downtown San Diego, Naval Base San Diego, Chula Vista, and beyond. The property is located near shopping centers, restaurants, schools, parks, healthcare facilities, and public transportation. National City's continued growth and redevelopment, combined with its central location and strong rental demand, make this an attractive opportunity for both investors and owner-users.

2743-45 Wilma St, National City

$1,150,000

8 Beds ⋅ 4 Baths ⋅ 260024929 MLS ⋅ ACTIVE Status ⋅ Na BLDG.

Matthews is pleased to exclusively present a well-maintained 4-Unit property in Valencia Park. 5388 Imperial Ave is a four-unit multifamily property built in 1973 on a ±4,428 SF lot in the Valencia Park neighborhood of Southeast San Diego. The building spans ±3,290 gross square feet across a uniform unit mix of four 2-bedroom/1-bathroom units averaging ±800 SF each, giving the asset a consistent, easy-to-manage floor plan and a tenant base with similar space needs. The property also shares a coin operated common laundry room generating significant added income. Zoned RM-3-7 for multifamily residential use, the property sits on a fenced, gated lot with a private courtyard, 5 dedicated off-street parking for residents, and a stone-and-stucco exterior consistent with the surrounding streetscape. Its location places it within walking distance of Imperial Avenue retail and transit corridor, offering tenants convenient access to bus service and nearby daily amenities while remaining close to Downtown San Diego, National City, and the broader Southeast San Diego employment base. The combination of small, efficient units, low per-unit operating costs, and a below-market in-place rent roll positions the property as a straightforward value-add opportunity for a buyer looking to bring rents to the area's prevailing market levels over time.

5388 Imperial Ave, Encanto

$2,350,000

5 Beds ⋅ 5 Baths ⋅ 260024911 MLS ⋅ ACTIVE Status

Pleased to present 901 S Tremont St for sale in a highly desirable coastal location in Oceanside, California. The subject property is ideally positioned west of S Coast Highway and within close proximity to the beach, offering residents a premier walkable coastal lifestyle near Downtown Oceanside, the Oceanside Pier, and the area’s expanding retail and dining amenities. 901 S Tremont consists of a well-maintained five-unit multifamily property featuring an attractive unit mix of (1) two-bedroom/one-bath, (3) one-bedroom/one-bath, and (1) studio unit, providing broad renter appeal and stable income. The property has been well maintained and managed by the same ownership since 2003, demonstrating consistent operational oversight and pride of ownership. The asset also includes fully paid solar panels installed on the roof, which can help reduce overall utility expenses and improve operating efficiency. The offering also presents a unique seller financing opportunity, providing buyers with enhanced acquisition flexibility, reduced interest rate exposure, and the potential to improve overall investment returns. Please Reach listing agent HUNTER POPE 858-321-5352 for further details.

901 S Tremont St, Oceanside

$799,000

2 Beds ⋅ 2 Baths ⋅ 260024859 MLS ⋅ ACTIVE Status

$799,000–$838,000. Renovated Downtown Vista Duplex! Both Units Feature Private Outdoor Spaces & Separate Laundry. Unit 220 Includes A Detached Bonus Room & 1-Car Garage. New Kitchens, Bathrooms, Flooring, Windows & Fresh Paint. R-3 Zoning Offers Potential ADU Opportunities. Walk To Dining, Markets & Train Station With Easy Freeway Access. DO NOT DISTURB TENANTS!

218-220 E Connecticut Ave, Vista

$3,950,000

7 Beds ⋅ 7 Baths ⋅ NDP2609529 MLS ⋅ ACTIVE Status

Exceptional Coastal Carlsbad Investment Opportunity | 4594 Cove Drive Rare opportunity to acquire an exceptional three-residence property in one of Carlsbad's most desirable coastal communities. Offering an impressive 4,744 square feet of combined living space, this distinctive triplex combines the comfort and spaciousness of individual residences with the financial advantages of a premier multifamily investment. Thoughtfully configured with three generously sized residences, the property features two spacious 2-bedroom, 2-bathroom units measuring approximately 1,373 and 1,171 square feet, along with an expansive 3-bedroom, 3.5-bathroom residence offering approximately 2,200 square feet. The larger floor plans provide a level of space and flexibility rarely found in traditional multifamily properties. Currently generating $11,089 in monthly rental income, or $133,068 annually, this property offers an established income stream with the opportunity for long-term appreciation in Carlsbad's highly sought-after real estate market. Ideally situated in a desirable North County San Diego location, residents enjoy convenient access to Carlsbad's beautiful beaches, coastal lifestyle, exceptional dining, shopping, recreational amenities, and major transportation routes. Whether you're a seasoned investor seeking a distinctive addition to your portfolio or a buyer exploring the benefits of a multifamily property with potential owner-occupancy flexibility, 4594 Cove Drive presents a compelling combination of location, generous living spaces, and investment appeal. An exceptional opportu Exceptional Coastal Carlsbad Investment Opportunity | 4594 Cove Drive Rare opportunity to acquire an exceptional three-residence property in one of Carlsbad's most desirable coastal communities. Offering an impressive 4,744 square feet of combined living space, this distinctive triplex combines the comfort and spaciousness of individual residences with the financial advantages of a premier multifamily investment. Thoughtfully configured with three generously sized residences, the property features two spacious 2-bedroom, 2-bathroom units measuring approximately 1,373 and 1,171 square feet, along with an expansive 3-bedroom, 3.5-bathroom residence offering approximately 2,200 square feet. The larger floor plans provide a level of space and flexibility rarely found in traditional multifamily properties. Currently generating $11,089 in monthly rental income, or $133,068 annually, this property offers an established income stream with the opportunity for long-term appreciation in Carlsbad's highly sought-after real estate market. Ideally situated in a desirable North County San Diego location, residents enjoy convenient access to Carlsbad's beautiful beaches, coastal lifestyle, exceptional dining, shopping, recreational amenities, and major transportation routes. Whether you're a seasoned investor seeking a distinctive addition to your portfolio or a buyer exploring the benefits of a multifamily property with potential owner-occupancy flexibility, 4594 Cove Drive presents a compelling combination of location, generous living spaces, and investment appeal. An exceptional opportunity to own three substantial residences in one of Southern California's most desirable coastal communities. Properties offering this combination of size, established income, and location are a valuable addition to any real estate portfolio.

4594 Cove Dr, Carlsbad

$3,195,000

16 Beds ⋅ 16 Baths ⋅ 260024843 MLS ⋅ ACTIVE Status

633 E Park Avenue presents a fantastic opportunity to acquire a fully occupied, 16-unit apartment community in El Cajon at a 6.52% in-place cap rate, SIGNIFICANLY better then any other market opportunity currently available and well above the 4.7% San Diego County multifamily average. Built in 1972 and situated on a 16,122 square foot corner parcel, the approximately 7,440 square foot, two-story buildings feature sixteen 1BR/1BA units, a gated on-site parking lot with 20 spaces, and wrought-iron perimeter fencing. The RUBS billback and laundry produce approximately $6,375 per year in additional income. Upside remains increasing rent to market at $1,700 per month. With an actual gross scheduled income of $322,629 and a net operating income of over $208,000, investors can achieve a 6.52% cap rate at asking, rising to 6.82% at market rents, with a 1.58 debt coverage ratio on new financing. The property’s location further elevates its investment appeal. 633 E Park Avenue sits just blocks from Interstate 8, and minutes from downtown El Cajon, Parkway Plaza, and the East Main Street retail corridor. The all one-bedroom unit mix keeps leasing, turnover, and management simple. For investors seeking a stabilized, easily managed asset with a cap rate well above the market, utility recovery already in place, and positive cash flow from day one, 633 E Park Avenue, represents a compelling acquisition in the heart of East County. 633 E Park Avenue presents a fantastic opportunity to acquire a fully occupied, 16-unit apartment community in El Cajon at a 6.52% in-place cap rate, SIGNIFICANLY better then any other market opportunity currently available and well above the 4.7% San Diego County multifamily average. Built in 1972 and situated on a 16,122 square foot corner parcel, the approximately 7,440 square foot, two-story buildings feature sixteen 1BR/1BA units, a gated on-site parking lot with 20 spaces, and wrought-iron perimeter fencing. The RUBS billback and laundry produce approximately $6,375 per year in additional income. Upside remains increasing rent to market at $1,700 per month. With an actual gross scheduled income of $322,629 and a net operating income of over $208,000, investors can achieve a 6.52% cap rate at asking, rising to 6.82% at market rents, with a 1.58 debt coverage ratio on new financing. The property’s location further elevates its investment appeal. 633 E Park Avenue sits just blocks from Interstate 8, and minutes from downtown El Cajon, Parkway Plaza, and the East Main Street retail corridor. The all one-bedroom unit mix keeps leasing, turnover, and management simple. For investors seeking a stabilized, easily managed asset with a cap rate well above the market, utility recovery already in place, and positive cash flow from day one, 633 E Park Avenue, represents a compelling acquisition in the heart of East County.

633 E Park Ave, El Cajon

$3,450,000

7 Beds ⋅ 7 Baths ⋅ 260024825 MLS ⋅ ACTIVE Status

4033 Campus Avenue, a 10 unit, 6,854 S.F. multifamily property is located in highly coveted University Heights. The building features an ideal mix of one 2BR/2BA, two 2BR/1.5BA and seven 1BR/1BA (approx. SF). The renovated and well maintained units feature stainless steel appliances, granite countertops, luxury vinyl plank flooring, mirrored closet doors and air conditioning in all units. A consistent 100% occupancy is maintained by the amenities including a quiet residential street location, on-site laundry, 10 off-street dedicated parking spaces, proximity to shopping and restaurants and easy freeway access. Buyer can add value through an increase in low rents.

4430 Campus Ave, Normal Heights

$15,995,000

81 Beds ⋅ 49 Baths ⋅ 260024817 MLS ⋅ ACTIVE Status

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

9249 Birch St, Spring Valley

$1,500,000

8 Beds ⋅ 4 Baths ⋅ 260024802 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

4 EXISTING UNITS + PLANS TO BUILD 4 ADDITIONAL ADUs. Introducing an exceptional investment opportunity in Southeast San Diego, just blocks from Interstate 15 and Imperial Avenue. 3517-23 J St is a well maintained 4-unit multifamily property featuring four 2 bed / 1 bath apartments (2,912 SF, built 1959) on a 7,071 SF RM-1-1 lot with off-street parking in front and a large open rear yard. Three units are leased with tenants reimbursing water through a RUBS program, and one unit is vacant. This is an ideal for an owner-user or a buyer looking to set rents at market from day one. What sets this property apart is the MASSIVE development upside: a full architect-designed plan set is in hand for four detached 2 bed / 1 bath ADUs in the rear yard, offering a clear path to double the unit count to 8 and dramatically increase income on a rare, deep infill lot. Current rents sit well below market, providing additional value-add upside even before any construction. Offered at $1,500,000, this is a compelling opportunity for the investor looking to capitalize on San Diego’s strong rental demand and build long-term value. Seller is completing a 1031 exchange; buyer to cooperate with seller’s exchange at no cost to buyer.

3517-23 J St, Golden Hill

$1,249,000

5 Beds ⋅ 3 Baths ⋅ 260024798 MLS ⋅ ACTIVE Status

THREE RESIDENCES. MULTIPLE POSSIBILITIES, ONE SMART INVESTMENT. Where San Diego's history meets investment opportunity! Welcome to 3136 44th Street, located in San Diego’s historic Clifton Addition to City Heights. Originally built in 1941, the property expanded in 2008 with two additional residences, creating a versatile three-unit investment opportunity. The two rear units have been recently renovated with new stainless steel appliances, kitchen and bathroom cabinetry, quartz countertops, modern fixtures, flooring, and fresh paint inside and out. All three residences features private laundry while the rear units offer oversized two-car garages and storage. An automatic security gate provides added privacy and controlled access. Zoned RM-1-2 creates exciting possibilities for future development including potential expansion of the original detached front residence, construction of an additional duplex, or ADUs, subject to city approval and development feasibility. Ideal for investors seeking multiple rental income streams, homeowners looking to live in one unit while renting the others to offset mortgage expenses, or multigenerational families wanting separate living spaces. Three residences, modern upgrades, income potential, and room to envision what's next-all in one San Diego property.

3136 44th St, East San Diego

2139 Balboa Ave, Pacific Beach/Mission Beach

$2,795,000

6 Beds ⋅ 8 Baths ⋅ 260024786 MLS ⋅ ACTIVE Status ⋅ Balboa Pointe Townhomes BLDG.

Whitewater Commercial Real Estate is pleased to exclusively present Balboa Pointe Townhomes – Parcel 3, an exceptionally rare brand new constructed 4-unitmultifamily investment opportunity located in the heart of Pacific Beach. Delivered in 2026, the property represents the first completed property within a seven-property, 28-unit residential development currently under construction and being delivered throughout the project. As the first completed offering available for acquisition, Balboa Pointe Townhomes – Parcel 3 provides investors with a unique opportunity to purchase newly constructed coastal multifamily product in one of San Diego’s most supply-constrained rental markets, where the majority of existing inventory consists of older vintage units and opportunities for new multi family development remain extremely limited. Balboa Pointe Townhomes – Parcel 3 consists entirely of townhome-style residences, featuring an attractive unit mix of two spacious 2 Bed / 2.5 Bath units and two well-designed 1 Bed / 1 Bath units. The larger 2-bedroom residences feature private fenced front yards with professional landscaping, creating a unique single-family-home feel rarely found in multifamily coastal product. The property also includes three covered carport parking spaces, a highly desirable amenity in Pacific Beach.

2139 Balboa Ave, Pacific Beach/Mission Beach

$1,995,000

14 Beds ⋅ 8 Baths ⋅ 260024782 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

4140 48th Street, San Diego, CA presents a stabilized investment opportunity in the heart of the Colina del Sol neighborhood. This fully renovated multifamily asset, originally built in 1964, comprises 4 units featuring a rare, large-format mix of two 3-bedroom/2-bathroom and two 4-bedroom/2-bathroom configurations. The property encompasses 4,180 gross square feet on a 6,397 square foot parcel, offering significant density in a supply-constrained market. With a current purchase price of $1,995,000, the asset delivers immediate cash flow with a capitalization rate of 5.60% and a Gross Rent Multiplier of 13.0, metrics that reflect the premium quality of the recent turnkey renovations and the asset's operational efficiency.

4140 48th St, East San Diego

$2,200,000

8 Beds ⋅ 4 Baths ⋅ 260024775 MLS ⋅ ACTIVE Status ⋅ 4plex BLDG.

Rarely available 4-unit multifamily investment property located in the Golden Hill's area of San Diego.This unique 1927 era 2-story building features a large fully fenced front yard, elevated off street, with lush grass and a gravel pathway. The back of the property includes a covered veranda area for barbecues, entertaining or simply relaxing.The units consist of two 2BR/ 1BA units averaging 825 sq. ft. and two 2BR / 1BA with office units averaging 907 sq. ft.Each well maintained unit has a private entrance and includes stove and refrigerator as well as historical design touches including hardwood floors, period tile in kitchens and baths and vintage built in cabinetry elements.Five off-street parking spaces are located at the rear of the property and the building also includes coin-op laundry room and hookups for expansion to double stacked laundry.Golden Hills is a popular and architecturally historic neighborhood near Balboa Park and Downtown San Diego.With easy access to the I-15, I-94 and I-805 freeways as well as shopping and dining. The area is a tremendously desirable location for both investors and tenants.This multifamily complex is an ideal turn key property for a new owner looking for investment opportunities in the desirable and flourishing neighborhood of Golden Hill. Possible tax benefits if registered with the city for Mills Act Historic Property designation.

3042-48 Broadway, Golden Hill

1028-44 Cesar E Chavez Pkwy, Logan Heights

$1,485,000

4 Beds ⋅ 5 Baths ⋅ 260024769 MLS ⋅ ACTIVE Status

Once in a lifetime development opportunity in a highly desired opportunity zone in a fast growing neighborhood! You can potentially build 35+ residential units plus ground floor commercial retail space with CN 1-4 zoning allowing up to a 65ft height limit, this is a rare opportunity! On a corner lot, this property faces 2 streets and has alley access, which is key for a complete community development. Being so close to public transportation, this property may qualify for a complete community and Bonus ADU programs. This property could get even more exciting as SB-79 passes and hopefully being able to add even more units! Located in an opportunity zone, this property could provide substantial tax savings if bought through a QOF. Featuring 5 detached houses all roughly 350sqft each which gross about $10k a month, providing strong cash flow that can help with carrying costs as a potential developer goes through plans and permitting phases. Nearly $100k worth of upgrades has been invested into the property this year with new sewer line, new water lines, new electrical service, and a full remodel on one of the units. This could be a great buy and hold or development opportunity in one of San Diego's trendiest markets with views to Downtown San Diego and Petco Park and minutes to Coronado, Chicano Park, and the Navy Base.

1028-44 Cesar E Chavez Pkwy, Logan Heights

528 Olive Street & 2820 6th Avenue, Mission Hills

$5,250,000

12 Beds ⋅ 12 Baths ⋅ 260024760 MLS ⋅ ACTIVE Status

We are pleased to present 6TH & Olive, an 18-unit multifamily offering situated at the cusp of Southern California's iconic Balboa Park. The uniquely positioned dual corner parcels at 528 Olive Street & 2820 6th Avenue create a distinctive cottage-style residential enclave in one of San Diego's most established and affluent urban neighborhoods, offering a living environment that stands in stark contrast to the area's growing inventory of large-scale apartment developments. Positioned directly across from Balboa Park and within walking distance of Bankers Hill & Hillcrest’s dining and entertainment district and Downtown San Diego, the property benefits from an exceptional location that continues to attract residents seeking an urban lifestyle that still honors neighborhood character & charm. The Bankers Hill/Hillcrest corridor has experienced substantial investment in recent years, with numerous luxury and ultra-luxury apartment communities reinforcing the strength of the rental market and supporting long-term rent growth. Unlike conventional multifamily assets, 6TH & Olive offers investors the opportunity to acquire a dual parcel property with architectural charm, a highly desirable low-density cottage-style layout, and meaningful value-add upside. The property’s unit mix includes six studio units averaging approximately 490 square feet and twelve one-bedroom/one-bathroom units averaging approximately 671 square feet, offering a practical floor plan composition tailored to the area’s renter base.

528 Olive Street & 2820 6th Avenue, Mission Hills

$995,000

5 Beds ⋅ 2 Baths ⋅ 260024731 MLS ⋅ ACTIVE Status

Discover an exceptional investment opportunity in the heart of Escondido! Situated on an approximately 11,859 sq. ft. corner lot, this property features two attached units totaling approximately 1,948 sq. ft. One unit offers 2 bedrooms and 1 bathroom; the other offers 3 bedrooms and 1 bathroom. Both units are occupied by established tenants on month-to-month leases, generating approximately $6,000 in combined monthly rent. According to the property management company, the tenants have generated relatively few maintenance requests over the past eight years. The generous lot and secondary access from the backyard add appeal for investors interested in exploring future development. Buyers may investigate the possibility of adding two ADUs or up to three additional units, subject to zoning, feasibility, permits, and city approval; no additional units are guaranteed. Conveniently located near Downtown Escondido, shopping, dining, parks, schools, and major transportation routes. Whether you're expanding your rental portfolio or seeking a property with long-term upside, this versatile offering combines existing rental income, desirable lot size, and exciting possibilities for the future. Buyer to verify all information, including rents, tenancy, unit details, and development potential. Welcome to 561 E Mission Avenue, a unique opportunity to acquire a two-unit property situated on a generous parcel in an established Escondido neighborhood. Offering approximately 1,948 square feet of combined living space on an approximately 11,859-square-foot corner lot, this property presents a compelling opportunity for investors, owner-occupants, and buyers seeking long-term real estate ownership in North San Diego County. One of the property's most appealing features is its substantial lot size. The spacious parcel provides outdoor areas and possibilities for buyers interested in exploring future improvements or alternative uses, subject to applicable zoning regulations, permit requirements, and city approval. The corner location further contributes to the property's distinctive setting. The existing two-unit configuration offers flexibility for different ownership strategies. Investors may appreciate the opportunity to operate both residences as rental properties, while buyers interested in owner occupancy may explore the possibility of living in one unit and renting the other, depending on existing tenancy arrangements and applicable requirements. The ability to evaluate multiple approaches to ownership makes this property particularly appealing. Location is another advantage. Situated near Downtown Escondido, the property provides convenient access to shopping, dining, schools, parks, local services, and major transportation routes connecting Escondido with surrounding North San Diego County communities. For buyers considering long-term ownership, the combination of an established residential property, a generous land parcel, and two existing units creates opportunities worth exploring. Whether your goal is to acquire a rental investment, establish a home with supplemental income potential, or evaluate the property's suitability for future improvements, this offering deserves consideration. Buyers are encouraged to independently verify all property information, including square footage, lot dimensions, existing improvements, legal unit configuration, zoning, permits, leases, rental income, utility arrangements, and any potential future uses with the appropriate authorities. Take advantage of this opportunity to own a versatile multifamily property in Escondido.

561 E Msn, Escondido

$3,425,000

17 Beds ⋅ OC26221753 MLS ⋅ ACTIVE Status

WD Land is pleased to present the opportunity to acquire Urban Heights, a 15-unit multifamily property at 38533865 Cherokee Avenue in the Cherokee Point neighborhood of central San Diego. The property sits where North Park, Normal Heights and City Heights meet, close to the restaurants, coffee shops and transit of the University Avenue corridor, with Balboa Park, Downtown and Mission Valley a short drive away. The offering spans two adjoining parcels totaling 13,806 SF. The first, 38533859 Cherokee, holds a 13-unit apartment community: a two-story stucco building with exterior walkways and a single-story front building beneath the propertys reclaimed-wood Urban Heights sign. The second, 38613865 Cherokee, is a cottage style craftsman duplex on its own lot behind a redwood privacy fence. Originally built in 1953, the property completed a full interior and exterior remodel in 2020, with new windows, a new roof, new electrical and plumbing upgrades. Units were refinished with plank flooring, shaker cabinetry, granite countertops, stainless appliances and fully tiled baths. At the offering price of $3,425,000 ($228,333 per unit and $506 per SF), Urban Heights trades at a 6.01% cap rate on in-place income and 6.64% at market rents, with a 9.91 GRM falling to 9.27 at market. That is roughly 26% below the $306,755 per-unit average of eight nearby sales since early 2025, at a cap rate 72 basis points above their 5.29% average. In-place one-bedroom rents average $1,761 against $2,044 among nearby one-bedroom comparables, leaving room to grow income as units turn. With a Walk Score o WD Land is pleased to present the opportunity to acquire Urban Heights, a 15-unit multifamily property at 38533865 Cherokee Avenue in the Cherokee Point neighborhood of central San Diego. The property sits where North Park, Normal Heights and City Heights meet, close to the restaurants, coffee shops and transit of the University Avenue corridor, with Balboa Park, Downtown and Mission Valley a short drive away. The offering spans two adjoining parcels totaling 13,806 SF. The first, 38533859 Cherokee, holds a 13-unit apartment community: a two-story stucco building with exterior walkways and a single-story front building beneath the propertys reclaimed-wood Urban Heights sign. The second, 38613865 Cherokee, is a cottage style craftsman duplex on its own lot behind a redwood privacy fence. Originally built in 1953, the property completed a full interior and exterior remodel in 2020, with new windows, a new roof, new electrical and plumbing upgrades. Units were refinished with plank flooring, shaker cabinetry, granite countertops, stainless appliances and fully tiled baths. At the offering price of $3,425,000 ($228,333 per unit and $506 per SF), Urban Heights trades at a 6.01% cap rate on in-place income and 6.64% at market rents, with a 9.91 GRM falling to 9.27 at market. That is roughly 26% below the $306,755 per-unit average of eight nearby sales since early 2025, at a cap rate 72 basis points above their 5.29% average. In-place one-bedroom rents average $1,761 against $2,044 among nearby one-bedroom comparables, leaving room to grow income as units turn. With a Walk Score of 91 and steady renter demand, Urban Heights suits 1031 exchange buyers, private investors and long-term holders seeking a remodeled, multi building asset in one of San Diegos most walkable urban submarkets.

3853 Cherokee, North Park

$8,975,000

55 Beds ⋅ OC26221659 MLS ⋅ ACTIVE Status

WD Land is pleased to present the opportunity to acquire The Kelly, a 27-unit multifamily community at 6701 Kelly Street in Linda Vista, one of central San Diegos most accessible neighborhoods. Originally constructed in 1941, the property underwent a comprehensive gut renovation in 2022 that delivered new interiors, new windows, a new roof, plumbing upgrades and new electrical, positioning the asset as turnkey product for its next owner. The offering is composed of 12 townhome units, 12 apartment units, a duplex and an ADU on a 45,738 SF (1.05-acre) parcel with 56 on-site surface parking spaces, a 2.07-per-unit ratio. The mix spans three one-bedroom, eight two-bedroom/one-bath, twelve two-bedroom/two-bath and four three-bedroom homes, giving the property depth across household sizes. Renovated interiors feature quartz countertops, white shaker cabinetry, stainless steel appliances, wide-plank flooring, ceiling fans and refreshed tiled baths. At the offering price of $8,975,000 ($332,407 per unit and $357.57 per SF), the property delivers a 6.08% cap rate on in-place income and 6.43% at market rents, at a 10.35 gross rent multiplier. Modeled with 30% down at a 6.00% interest rate, in-place income covers debt service at 1.21x and produces a 3.5% cash-on-cash return, rising to 1.28x and 4.7% at market. With the major capital work behind it, ownership can focus on operations rather than construction. RUBS utility reimbursement, laundry and pet rent income are in place, and the market scenario identifies further savings in trash service and property management. Linda Vistas cent WD Land is pleased to present the opportunity to acquire The Kelly, a 27-unit multifamily community at 6701 Kelly Street in Linda Vista, one of central San Diegos most accessible neighborhoods. Originally constructed in 1941, the property underwent a comprehensive gut renovation in 2022 that delivered new interiors, new windows, a new roof, plumbing upgrades and new electrical, positioning the asset as turnkey product for its next owner. The offering is composed of 12 townhome units, 12 apartment units, a duplex and an ADU on a 45,738 SF (1.05-acre) parcel with 56 on-site surface parking spaces, a 2.07-per-unit ratio. The mix spans three one-bedroom, eight two-bedroom/one-bath, twelve two-bedroom/two-bath and four three-bedroom homes, giving the property depth across household sizes. Renovated interiors feature quartz countertops, white shaker cabinetry, stainless steel appliances, wide-plank flooring, ceiling fans and refreshed tiled baths. At the offering price of $8,975,000 ($332,407 per unit and $357.57 per SF), the property delivers a 6.08% cap rate on in-place income and 6.43% at market rents, at a 10.35 gross rent multiplier. Modeled with 30% down at a 6.00% interest rate, in-place income covers debt service at 1.21x and produces a 3.5% cash-on-cash return, rising to 1.28x and 4.7% at market. With the major capital work behind it, ownership can focus on operations rather than construction. RUBS utility reimbursement, laundry and pet rent income are in place, and the market scenario identifies further savings in trash service and property management. Linda Vistas central position between Mission Valley, Kearny Mesa and the University of San Diego, with direct access to I-805, SR-163 and I-8, supports durable renter demand. The Kelly offers 1031 exchange buyers, private capital and long-term holders a renovated, income-producing asset at scale in the urban core

6701 Kelly, Linda Vista

$5,400,000

16 Beds ⋅ OC26221697 MLS ⋅ ACTIVE Status

WD Land is pleased to present the opportunity to acquire The Roxy, a fully renovated 16-unit apartment community at 4205 Noyes Street in Pacific Beach. Set at the corner of Noyes Street and Oliver Avenue, the property sits just north of the Kendall-Frost Mission Bay Marsh Reserve, a short walk from the Mission Bay shoreline and a quick ride to the Pacific Beach boardwalk, Garnet Avenue and the coast. Originally built in 1959, the two-story building was taken down to the studs in a 2021 gut renovation. Major building systems were replaced, including a new roof, new electrical and plumbing upgrades, and every unit was rebuilt with new windows, gray shaker kitchens with white countertops, blue subway-tile backsplashes and stainless appliances, new plank flooring, ceiling fans and fully remodeled baths with new vanities, tubs and patterned tile. The result is 16 turnkey junior one-bedroom homes averaging 450 SF, with 15 off-street parking spaces and a cozy coastal look carried outside through seafoam doors, iron railings and lantern lighting. At the offering price of $5,400,000 ($337,500 per unit), The Roxy offers the lowest price per door of any multifamily property currently on the market in Pacific Beach. It trades at a 4.64% cap rate on in-place income and 5.54% at market rents, with a 13.21 GRM falling to 11.77 at market. That price per unit sits about 23% below the $436,935 average of nine recent Pacific Beach sale comparables. Current rents average $2,046 per unit against a $2,300 market rent and a $2,379 average among nearby one-bedroom comparables, leaving room to grow WD Land is pleased to present the opportunity to acquire The Roxy, a fully renovated 16-unit apartment community at 4205 Noyes Street in Pacific Beach. Set at the corner of Noyes Street and Oliver Avenue, the property sits just north of the Kendall-Frost Mission Bay Marsh Reserve, a short walk from the Mission Bay shoreline and a quick ride to the Pacific Beach boardwalk, Garnet Avenue and the coast. Originally built in 1959, the two-story building was taken down to the studs in a 2021 gut renovation. Major building systems were replaced, including a new roof, new electrical and plumbing upgrades, and every unit was rebuilt with new windows, gray shaker kitchens with white countertops, blue subway-tile backsplashes and stainless appliances, new plank flooring, ceiling fans and fully remodeled baths with new vanities, tubs and patterned tile. The result is 16 turnkey junior one-bedroom homes averaging 450 SF, with 15 off-street parking spaces and a cozy coastal look carried outside through seafoam doors, iron railings and lantern lighting. At the offering price of $5,400,000 ($337,500 per unit), The Roxy offers the lowest price per door of any multifamily property currently on the market in Pacific Beach. It trades at a 4.64% cap rate on in-place income and 5.54% at market rents, with a 13.21 GRM falling to 11.77 at market. That price per unit sits about 23% below the $436,935 average of nine recent Pacific Beach sale comparables. Current rents average $2,046 per unit against a $2,300 market rent and a $2,379 average among nearby one-bedroom comparables, leaving room to grow income as units turn, with RUBS and pet rent already in place. With capital work complete, The Roxy suits 1031 exchange buyers, private investors and long-term holders seeking a low-maintenance coastal asset in one of San Diegos most supply-constrained beach markets.

4205 Noyes, Pacific Beach/Mission Beach

$1,000,000

6 Beds ⋅ 3 Baths ⋅ 260024714 MLS ⋅ ACTIVE Status ⋅ Centralescondido BLDG.

Rare multifamily investment opportunity in Escondido with endless possibilities! This 3-unit income property (approx. 2,802 sq ft) sits on a generous 0.34-acre lot ( approx. 14,832 sq ft ) zoned M-1 Light Industrial. The zoning allows a wide range of uses, including warehouse, light manufacturing, assembly or meeting space, and other commercial and industrial options. Buyers can hold it as a rental, reposition it, or explore commercial conversion or redevelopment. The large lot gives room for expansion or improvements. Minutes from downtown Escondido, shops, and services, with convenient access to major North County routes. Strong rental demand and a flexible zoning designation make this ideal for investors, owner-users, and developers. Buyer to verify zoning, permitted uses, and conversion feasibility with the City of Escondido.

546-50 N Quince St, Escondido

4826-4832 Santa Cruz Ave, Ocean Beach (OB)

$3,800,000

15 Beds ⋅ 9 Baths ⋅ 260024708 MLS ⋅ ACTIVE Status

4826-4832 Santa Cruz Ave offers a rare opportunity to acquire a nine-unit multifamily property in the heart of San Diego's desirable Ocean Beach neighborhood. Just two blocks from the beach, the property provides easy access to the ocean, entertainment, eateries, grocery stores, and all the amenities of the famous Newport Ave thoroughfare. The desirable unit mix includes (7) two-bedroom units, (1) one-bedroom unit, (1) studio and (4) garages with ADU potential. Select units have been upgraded with new cabinets, vinyl flooring and stainless-steel appliances. Additionally, the property provides attractive income at in-place rental rates, with value-add and rent increase potential for a new owner. Its premiere beach location makes this an excellent investment opportunity in a highly sought-after rental market.

4826-4832 Santa Cruz Ave, Ocean Beach (OB)

$3,750,000

12 Beds ⋅ 10 Baths ⋅ 260024705 MLS ⋅ ACTIVE Status

Pharaohs Court Apartments is a truly unique mixed-use investment opportunity in the heart of Hillcrest. Fronting Park Blvd, the property features two street-level retail spaces with four studio apartments above. The studios retain exceptional original character with built-ins, detailed wood moldings, period tile and charming interior hallway access. Behind the main building are two detached 1BR/1BA cottages featuring hardwood floors, original built-ins, period woodwork and abundant natural light. At the rear is a two-story duplex consisting of two additional 1BR/1BA residences, continuing the property's distinctive character. True to its name, Pharaohs Court features a one-of-a-kind Egyptian-inspired architectural theme with Pharaoh head details, ornate trim and decorative elements throughout. The property also includes an on-site laundry room. Ideally located in vibrant Hillcrest, surrounded by restaurants, retail, entertainment, neighborhood amenities and significant new development. A rare combination of commercial frontage, residential income and irreplaceable architectural character.

3783-89 Park Blvd, Mission Hills

$2,300,000

3 Beds ⋅ 3 Baths ⋅ PW26221327 MLS ⋅ ACTIVE Status

*Do not disturb tenants or walk on the property* 213 Guajome Street is an exceptionally well-located 8-unit apartment building in the heart of Vista, California. Built in 1986, the property features an attractive unit mix of (8) spacious one-bedroom, one-bathroom apartments and an extraordinary amount of onsite parking, including 16 enclosed garages and 14 additional surface parking spacesproviding nearly four parking spaces per unit. The property is ideally situated just blocks from Historic Downtown Vista and Vista Village, offering residents convenient access to an expanding selection of restaurants, breweries, coffee shops, shopping, and entertainment. The nearby Vista Transit Center provides access to the SPRINTER rail line, connecting Oceanside to Escondido and offering convenient transportation throughout North San Diego County. Current rents are substantially below market, providing a new owner with the opportunity to increase rental income, improve operating performance, and create long-term value. Additionally, the property's exceptional parking capacity presents an opportunity to convert several garages into Accessory Dwelling Units (ADUs), while still maintaining ample onsite parking. *Do not disturb tenants or walk on the property* 213 Guajome Street is an exceptionally well-located 8-unit apartment building in the heart of Vista, California. Built in 1986, the property features an attractive unit mix of (8) spacious one-bedroom, one-bathroom apartments and an extraordinary amount of onsite parking, including 16 enclosed garages and 14 additional surface parking spacesproviding nearly four parking spaces per unit. The property is ideally situated just blocks from Historic Downtown Vista and Vista Village, offering residents convenient access to an expanding selection of restaurants, breweries, coffee shops, shopping, and entertainment. The nearby Vista Transit Center provides access to the SPRINTER rail line, connecting Oceanside to Escondido and offering convenient transportation throughout North San Diego County. Current rents are substantially below market, providing a new owner with the opportunity to increase rental income, improve operating performance, and create long-term value. Additionally, the property's exceptional parking capacity presents an opportunity to convert several garages into Accessory Dwelling Units (ADUs), while still maintaining ample onsite parking.

213 Guajome, Vista

$1,249,000

8 Beds ⋅ 7 Baths ⋅ 260024692 MLS ⋅ ACTIVE Status ⋅ Bradley Park West BLDG.

Rare investment opportunity in El Cajon featuring four units with a versatile mix of layouts and desirable amenities. The property includes two mirrored front units, each offering 2 bedrooms, 2 bathrooms, a private patio, and a cozy fireplace. The rear units feature a bright upstairs 3-bedroom, 2-bathroom with a spacious deck, plus a downstairs 1-bedroom, 1-bathroom unit. All four units feature A/C, two tandem carport parking spaces, on-site coin-operated laundry, and extra storage closets. An excellent opportunity for investors seeking a multi-unit property with a diverse unit mix and outdoor living spaces. HOA includes pools, playground, rec room and landscaping

400 W Madison Ave, El Cajon

$1,617,000

4 Beds ⋅ 4 Baths ⋅ 260024687 MLS ⋅ ACTIVE Status ⋅ Nester BLDG.

Renovated 4-unit property featuring (2) 2BR/1BA units and (2) studio units on a 7,162 SF lot in South San Diego near Imperial Beach. All four units have been extensively updated with modern finishes including custom cabinetry, quartz countertops, stainless steel appliances, luxury vinyl plank flooring, designer lighting and in-unit washers/dryers. Studios feature energy-efficient mini-split A/C systems. Each unit enjoys its own large private yard, offering valuable outdoor space and added privacy for tenants. Property improvements include low-maintenance landscaping, an upgraded 200 AMP electrical panel and full fire sprinkler system. Excellent opportunity for an owner-occupant or an investor seeking a renovated, low-maintenance multifamily property. One of the most affordable turnkey 4-unit opportunities in San Diego. SELLER WILLING TO GET CREATIVE WITH FINANCING!

1016-18 15th St, Otay Mesa

$1,622,000

5 Beds ⋅ 4 Baths ⋅ 260024684 MLS ⋅ ACTIVE Status ⋅ Chula Vista BLDG.

Fully renovated 3-unit property in a desirable Chula Vista neighborhood ideal for investors or multigenerational living. Front unit is a renovated 3BR/2BA single-family residence with modern finishes and private front yard. Rear two-story duplex features two renovated 1BR/1BA units with functional floor plans, walk-in closets, and new stainless steel appliances. Property includes a spacious common area, detached 2-car garage with high ceilings, and off-street parking. Excellent ADU opportunity through garage conversion with plans already completed and ready for city submission. Designated yard area for future ADU has already been fenced. Strong rental and long-term value-add potential.

540 F St, Chula Vista

$1,875,000

4 Beds ⋅ 4 Baths ⋅ 260024682 MLS ⋅ ACTIVE Status ⋅ Na BLDG.

We are pleased to offer for sale a wonderful beach-proximate Four (4) unit property at 2104-2106 Abbott Street, just one block from the beach in Ocean Beach, with ocean view exposure from select units. All units are one-bedroom/one-bathroom apartments, featuring their own private patio or balcony area(s). There is ample off-street parking (four carport spaces), as well as a laundry room and common courtyard on-site. This property features two (2) separate duplex structures, estimated to have been built in/around 1950. These existing units have been updated within the past ten years, although could benefit from a higher-end modernization. Unit #2104 is currently furnished and operates as a successful Short-Term Rental unit, while the other three units are on month-to-month rental agreements, renting to longer-term tenants. Units are separately metered for gas and electricity. This property is offered either separately or together as a package with the adjacent 8-unit property at 2114 Abbott Street (asking $2,150,000 for that one).

2104-06 Abbott St, Ocean Beach (OB)

$899,000

4 Beds ⋅ 2 Baths ⋅ 260024670 MLS ⋅ ACTIVE Status ⋅ 3719-21 Clinton St BLDG.

Exceptional Investment Opportunity in San Diego! Discover the potential of this 2 homes-on-one-lot property at 3719–3721 Clinton Street. Situated on a generously sized lot, this multifamily property presents an excellent opportunity for investors seeking rental income or owner-occupants looking to offset their mortgage by living in one unit and renting the other! With convenient access to local shopping, dining, parks, schools, and major transportation routes, this property offers the opportunity to invest in San Diego real estate while exploring its long-term potential. Whether expanding an investment portfolio or searching for a property with added flexibility, this is an opportunity worth exploring!

3719-21 Clinton St, Logan Heights

$1,100,000

4 Beds ⋅ 3 Baths ⋅ PTP2607644 MLS ⋅ ACTIVE Status

AMAZING OPPORTUNITY NEAR DOWNTOWN LA MESA. 3 BEDROOM, 2 BATH MAIN HOUSE WITH A LARGE LIVING ROOM WITH DOUBLE SIDED FIREPLACE AND A COVERED DECK, DUAL PANE WINDOWS AND SLIDERS, FORCED A/C AND HEAT, OVERSIZED BASEBOARDS, RECENTLY PAINTED INTERIOR, NEW CARPET, WOOD LAMINATE FLOORING, EAT IN KITCHEN WITH STAINLESS APPLIANCES, RECESSED LIGHTING, SPACIOUS BEDROOMS, PRIMARY BEDROOM HAS A HUGE WALK-IN CLOSET, PRIMARY BATH IS BRAND NEW WITH WALK IN SHOWER AND A DUAL VANITY, WHITE PICKET FENCED IN YARD, UPDATED PLUMBING, CEILING FANS AND A 1 CAR GARAGE WITH LAUNDRY. THE DOWNSTAIRS IS A 1 BEDROOM, 1 BATH UNIT WITH A SEPARATE ENTRANCE AND HAS A LARGE LIVING ROOM, FULL BATH AND KITCHENETTE, ALONG WITH IT'S OWN DRIVEWAY, LAUNDRY, 1 CAR GARAGE OVERSIZED GARAGE WITH EXTRA STORAGE AND A EXTRA PARKING SPACE. CLOSE TO SHOPPING, RESTAURANTS, FREEWAYS AND MUCH MORE. AMAZING OPPORTUNITY NEAR DOWNTOWN LA MESA. 3 BEDROOM, 2 BATH MAIN HOUSE WITH A LARGE LIVING ROOM WITH DOUBLE SIDED FIREPLACE AND A COVERED DECK, DUAL PANE WINDOWS AND SLIDERS, FORCED A/C AND HEAT, OVERSIZED BASEBOARDS, RECENTLY PAINTED INTERIOR, NEW CARPET, WOOD LAMINATE FLOORING, EAT IN KITCHEN WITH STAINLESS APPLIANCES, RECESSED LIGHTING, SPACIOUS BEDROOMS, PRIMARY BEDROOM HAS A HUGE WALK-IN CLOSET, PRIMARY BATH IS BRAND NEW WITH WALK IN SHOWER AND A DUAL VANITY, WHITE PICKET FENCED IN YARD, UPDATED PLUMBING, CEILING FANS AND A 1 CAR GARAGE WITH LAUNDRY. THE DOWNSTAIRS IS A 1 BEDROOM, 1 BATH UNIT WITH A SEPARATE ENTRANCE AND HAS A LARGE LIVING ROOM, FULL BATH AND KITCHENETTE, ALONG WITH IT'S OWN DRIVEWAY, LAUNDRY, 1 CAR GARAGE OVERSIZED GARAGE WITH EXTRA STORAGE AND A EXTRA PARKING SPACE. CLOSE TO SHOPPING, RESTAURANTS, FREEWAYS AND MUCH MORE.

7970 Lemon Cir, La Mesa

827-829 Law, Pacific Beach/Mission Beach

$2,599,999

4 Beds ⋅ 3 Baths ⋅ 260024631 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

Coastal living meets exceptional potential in North Pacific Beach! Just two houses east of Mission Boulevard, 827–829 Law Street offers two separate homes on an approximately 6,500-square-foot lot, with direct access to Law Street Beach just down the street. Enjoy a truly walkable beach lifestyle, with neighborhood cafés, restaurants, shopping and oceanfront strolls all within easy reach. The front home features one bedroom, one bathroom and a loft across approximately 800 square feet. The previously remodeled rear home offers two bedrooms, two bathrooms, dining area and deck across approximately 1200 square feet. Two garages and two carports provide four valuable off-street parking spaces. The spacious lot offers room to reimagine the possibilities—create your dream coastal home, explore adding ADUs, or enhance the existing homes. Whether you envision living in one home and renting the other, maintaining an investment property or creating something entirely new, this property combines an inviting beachside setting with space to bring your vision to life.

827-829 Law, Pacific Beach/Mission Beach

$1,795,000

10 Beds ⋅ 5 Baths ⋅ 260024612 MLS ⋅ ACTIVE Status

Turnkey 5-unit mult unit investment opportunity with parking and gated units are ready for current market rents and maximize cash flow from day one. A rare opportunity Multi unit investment or 1031 exchange buyers seeking a fully renovated, low-maintenance asset with immediate income potential and future upside. Development sketch included with ADU potential (buyer to verify). Also next door 45 Madison ave is available possibly make it a multi unit compound . Close to all amenities CV Center, public transportation, hospitals, etc. With nearby redevelopments, this location offers strong long-term appreciation potential. Each unit offers 2 bedrooms/1 bathroom and parking. Recent upgrades include remodeled kitchens with new appliances, modern bathrooms, luxury vinyl plank flooring, new windows, fresh interior/exterior paint, individual mini-split HVAC systems, refurbished roof, new commercial-grade 100-gallon water heater (2025),upgraded landscaping, and driveway improvements. Additional features include an automatic gated entrance, 9 on-site parking spaces, private enclosed patio/balcony with storage for each unit, individually metered gas and electric, in process of leasing units and ready for new owners. possible seller financing options!!

41 Madison Ave, Chula Vista

$6,795,000

8 Beds ⋅ 5 Baths ⋅ 260024573 MLS ⋅ ACTIVE Status ⋅ Na BLDG.

Three residences, ocean views and a La Jolla Village setting come together in this distinctive compound. Designed by award-winning architect Stephen Borow, the detached front house offers 4 bedrooms, 3 bathrooms and approximately 2,783 SF. A separate rear duplex adds two 2-bedroom, 1-bathroom residences and approximately 1,854 SF, for a combined 8 bedrooms, 5 bathrooms and approximately 4,637 SF. The main home's approximately 1,600 SF rooftop deck features ocean views, a fireplace, BBQ area and space to dine, lounge and entertain. Renovated interiors include concealed bedroom blackout shades, LED lighting, integrated speakers, heated bathroom floors and smart-home features. Each rear residence has its own entrance, kitchen and laundry; the upper residence enjoys ocean views. Access from Fay Avenue and Bishops Lane, six off-street parking spaces along Bishops Lane and EV charging add convenience. All three residences are currently set up for short-term rental use, subject to applicable requirements. All furniture and electronics are available for purchase with the property, subject to agreement. Preliminary lot-split planning has begun, providing a starting point for a new owner to continue the process and explore potential future value, subject to City approval. Enjoy proximity to beaches, restaurants, boutiques and galleries, with flexibility for a primary residence, extended family, guests, private offices or rental use. Discover a versatile La Jolla Village compound that combines a distinctive main residence with two separate living spaces in a detached rear duplex. The front house, designed by award-winning architect Stephen Borow, offers 4 bedrooms, 3 bathrooms and approximately 2,783 SF. The rear building contains two 2-bedroom, 1-bathroom residences totaling approximately 1,854 SF. Together, the property offers approximately 4,637 SF with 8 bedrooms and 5 bathrooms. The main residence pairs renovated interiors with an approximately 1,600 SF rooftop entertaining deck. Ocean views, a fireplace, BBQ area and room for dining and lounge seating create a setting for sunset gatherings and outdoor living. Interior upgrades include concealed bedroom blackout shades, LED lighting, integrated speakers, heated bathroom floors, camera surveillance and smart-home features. An attached garage, driveway access from Fay Avenue, patios and landscaped areas complement the home. The detached rear duplex offers independent access from Bishops Lane. Each residence has a separate entrance, its own kitchen and laundry, and renovated interiors with contemporary finishes. The upper residence enjoys ocean views. Six off-street parking spaces along Bishops Lane and EV charging add convenience to the compound. All three residences are currently set up for short-term rental use. All furniture and electronics are available for purchase along with the property, subject to agreement, giving buyers the option to acquire the existing furnished setup. Future rental use remains subject to applicable permits and requirements. The layout also supports a range of personal uses: a main residence with separate accommodations for extended family and guests, a coastal retreat with room for visiting households, or a combination of personal occupancy and rental use. The physical separation between the front home and rear building, along with the rear residences' individual kitchens, entrances and laundry facilities, allows occupants to maintain separate daily routines. Preliminary lot-split planning has already begun. A new owner can build on the work completed to date and continue pursuing the proposed split, subject to City requirements and approval. This provides an opportunity to explore potential future value beyond the property's existing configuration. With beaches, restaurants, boutiques and galleries nearby, the property offers a convenient base for enjoying La Jolla Village. The entire compound is offered together.

7372-7376 Fay Ave, La Jolla

4205 49th St, Talmadge/San Diego Central

$2,200,000

17 Beds ⋅ 9 Baths ⋅ 260024570 MLS ⋅ ACTIVE Status

A well-located multifamily investment in an established San Diego residential neighborhood, the property comprises 8 apartment units totaling approximately 7,116 SF on a 7,051 SF parcel. The diversified unit mix includes one 3-bedroom/2-bath unit, one 3-bedroom/1-bath unit, five 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit, offering a range of housing options. The property benefits from convenient access to neighborhood retail, major employment centers, key transportation corridors, and destinations throughout greater San Diego.

4205 49th St, Talmadge/San Diego Central

$1,299,000

4 Beds ⋅ 3 Baths ⋅ 260024524 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

Offered for the first time in decades after long-term family ownership, 4684–88 Voltaire Street presents a three-unit multifamily opportunity in Ocean Beach with below-market rents and renovation potential. Situated on an approximately 5,449-square-foot lot, the property includes one 2-bedroom/1-bath unit, two 1-bedroom/1-bath units and three attached garages with alley access. Deferred maintenance offers an opportunity to enhance the property through thoughtful improvements and pursue long-term income growth. Buyers seeking to live in one unit while earning rental income from the others may also find appeal. CC-4-2 commercial zoning and the three garages offer additional possibilities to evaluate, including garage conversions or mixed-use redevelopment, subject to feasibility and required approvals. Nearby restaurants, cafés and independent shops complement convenient access to OB’s coastline, Dog Beach and Newport Avenue’s dining, shopping and weekly farmers market. Flexibility and potential to this opportunity for long-term coastal ownership.

4684-88 Voltaire St, Ocean Beach (OB)

$1,349,000

6 Beds ⋅ 4 Baths ⋅ 260024519 MLS ⋅ ACTIVE Status ⋅ No BLDG.

SELLER FINANCING AVAILABLE. Located in one of San Diego’s most supply-constrained coastal markets, this 4-unit asset presents a rare opportunity to unlock value in the heart of Point Loma and Ocean Beach. The property offers approximately 2,402 square feet on an approximately 4,000-square-foot lot, featuring two 2-bedroom/1-bath residences, two 1-bedroom/1-bath residences and four off-street parking spaces. Thoughtful renovations and property improvements offer a path to enhancing rental income over time. The four-unit configuration lends itself to long-term investment, with potential for owner occupancy in one residence while collecting rental income from the others. Located near the Ocean Beach–Point Loma border, the property provides convenient access to neighborhood restaurants and cafés, OB’s coastline, and Liberty Station’s shopping, dining and recreation. Whether you’re looking to live in one unit and rent the others or fully lease the property for consistent income, this is a high-performing coastal property with strategic growth potential in a tight rental corridor.

4314-18 Banning St, Ocean Beach (OB)

5032-5036 Trojan, Talmadge/San Diego Central

$999,000

3 Beds ⋅ 4 Baths ⋅ 260024491 MLS ⋅ ACTIVE Status ⋅ Colina Del Sol Park BLDG.

Excellent investment opportunity and ideal for first-time buyers! This versatile property offers multiple living spaces with excellent potential for an owner-occupant or investor. Live in one unit while renting the others, or take advantage of the flexible layout for additional rental income.The property features a 2-bedroom, 2-full-bath unit, currently rented, a separate 1-bedroom, 1-full-bath unit, currently rented, and an additional 1-bed, 1 full bath with a kitchen and a huge loft, currently rented for $1400, and another suite with full bath and separate entry. All units are in good condition and offer functional living spaces. Conveniently located close to shopping, markets, restaurants, and everyday amenities. A great opportunity for those looking for flexibility, rental income potential, or a multi-unit property. Please do not disturb tenants.

5032-5036 Trojan, Talmadge/San Diego Central

$1,298,888

6 Beds ⋅ 3 Baths ⋅ 260024480 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

Turnkey three-unit property in a prime central location, perfect for investors, house hackers, or multi-generational living. Fully remodeled and ready to operate as a long-term cash-flowing asset from day one. Located at the end of a quiet cul-de-sac and backing directly to Lamar County Park, the property offers privacy, open space, and convenience. Each unit benefits from ample paved off-street parking and thoughtful separation. The upgrade list is extensive with no expense spared, including new attic, roof, gutters, full landscaping and design, new concrete walkways and parking areas, new gutters with underground drainage, and turf installation for low-maintenance outdoor living + more! Interior improvements include two brand-new bathrooms, fresh paint throughout, new appliances, and new blinds. This is a rare opportunity to acquire a fully improved multi-unit asset that serves as a true legacy property to hold and pass down for future generations!

3145-49 Ronald Ct, Spring Valley

$1,299,000

3 Beds ⋅ 4 Baths ⋅ 260024419 MLS ⋅ ACTIVE Status ⋅ South Park BLDG.

South Park multifamily opportunity near Balboa Park! Three-unit property featuring a 3BR/2BA main residence plus a detached building containing two studios. Strong value-add potential through strategic improvements and modernization, creating an opportunity to increase rents, enhance cash flow, and build long-term equity. Ideal for an owner-occupant investor or multi-generational living arrangement, with convenient access to Downtown San Diego, dining, shopping, entertainment, and major transportation.

1427 Fern St, Golden Hill

$1,297,000

2 Beds ⋅ 1 Baths ⋅ 260024357 MLS ⋅ ACTIVE Status ⋅ Clairemont BLDG.

Existing Renovated single-family home with approved City of San Diego plans (PRJ-1138622) for four ADUs, creating flexibility for an owner-user, multigenerational living or investor/developer. An owner-user can occupy the existing home in an established Clairemont neighborhood and develop the four ADUs for rental income, extended family or a combination of both. For an investor or developer, the home is currently rented and generating income while planning or constructing the additional units. Approved plans call for four 2BR/1BA ADUs in two 2-story duplexes at the rear of the 5,947 SF RS-1-7 lot, each with a full kitchen, pantry and in-unit laundry. The existing home and attached one-car garage are not impacted by the ADU scope. At completion, the property will consist of five individually addressed residences.

4190 Clairemont Dr, Clairemont/Bay Park

$1,199,000

260024352 MLS ⋅ ACTIVE Status

Seller will entertain offers between 1,199,000 - $1,399,000. Compelling South San Diego development opportunity featuring an existing single-family residence plus a proposed 15-unit ADU development. The project is well advanced through the City of San Diego approval process, providing a buyer the opportunity to step into a project that has already progressed substantially through planning and design. The proposed development includes approximately 10,839 square feet of new residential construction across three stories, with a diversified mix of one-, two- and three-bedroom residences ranging from approximately 474 to 933 square feet. The current plans provide for 20 covered ground-level parking spaces. Upon completion, the property would feature 16 total residential units, including the existing residence. The proposed 15-unit program consists of one by-right ADU, seven deed-restricted affordable ADUs, and seven bonus ADUs, creating an efficient path to substantially increase density while retaining the existing residence. An attractive opportunity for a developer or investor seeking a well-progressed infill multifamily project in South San Diego with significant entitlement and design work already completed.

1815 Dahlia Ave, Otay Mesa

$1,895,000

6 Beds ⋅ 5 Baths ⋅ 260024337 MLS ⋅ ACTIVE Status

The property is󠃳󠂠󠂀󠂠󠃢󠂁󠂢󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃍󠂏 currently generating strong in-place income with additional upside available through continued rental growth. Additional amenities include communal laundry facilities and three garages, providing valuable off-street parking and storage in a location where parking is at a premium. The property also features an area at the front that may offer an opportunity to create additional off-street parking through a relatively straightforward curb-cut improvement, subject to applicable approvals. Residents enjoy convenient access to North Park’s vibrant collection of restaurants, coffee shops, breweries, entertainment, shopping and neighborhood amenities, while the property’s central location provides easy connectivity throughout San Diego. With a desirable North Park location, attractive five-unit configuration, strong existing income and multiple avenues for enhancing future returns, 4550-4554 Utah Street represents an excellent entry-level investment opportunity for an investor seeking quality multifamily real estate in one of San Diego’s highest-demand rental markets.

4550-4554 Utah St, Normal Heights

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