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4017 42nd St, East San Diego
$8,995,000
260024168SD MLS ⋅ Active Status
Rare investment opportunity featuring a $49,440/month NNN master lease with House of Metamorphosis, a well-established nonprofit operator with approximately 50 years in business, delivering stable, predictable income with minimal landlord responsibility. The property consists of 26 units, each with a private bathroom, purposefully designed for supervised residential care. The 8,450 SF building offers an average unit size of approximately 325 SF, maximizing income efficiency. Situated on a 7,000 SF lot with motel zoning, the property presents limited land value contribution; however, the zoning carries significant embedded entitlement value for SRO and behavioral health uses—an increasingly scarce and difficult-to-replicate asset class in San Diego. Investors are presented with a dual-path opportunity: continue operating with a reputable, long-term tenant under a true NNN structure, or reposition the asset for alternative residential or lodging uses, leveraging the existing 26-unit configuration and flexible zoning.

4017 42nd St, East San Diego

20 S 33rd Street, Logan Heights
$6,900,000
260024136SD MLS ⋅ Active Status
Steel Street Residences presents a rare opportunity to acquire a brand-new 21-unit multifamily asset in central San Diego, offered at $6,900,000. Targeted for completion in late October to early November 2026, the project consists of two three-story buildings totaling approx. 7,668 SF on a 6,492 SF site. The mix includes nine 432 SF 1BR/1BA units, eight 315 SF 1BR/1BA units and four 315 SF studios. Every residence is planned with its own stacked washer/dryer, ductless mini-split HVAC, individual heat-pump water heater, refrigerator, range, dishwasher and disposal—high-demand features that distinguish this new construction from much of the surrounding rental inventory. Nine units are subject to recorded SDHC affordability requirements (2 at 50% AMI and 7 at 110% AMI); buyer to review and verify all applicable restrictions and qualification requirements. Located at 20–22 S. 33rd Street, the property offers exceptional access to Downtown San Diego, Naval Base San Diego and major transportation corridors including I-5, I-15 and SR-94. Public water/sewer, individual water submeters, NFPA 13 fire sprinklers and contemporary low-maintenance construction support efficient operations. Street parking only; no onsite stalls are planned. This is a compelling and unique opportunity to acquire newly built San Diego multifamily with strong renter amenities and a highly connected urban location.

20 S 33rd Street, Logan Heights

4119 Arizona St, North Park
$2,700,000
260024052SD MLS ⋅ Active Status
Pleased to present 4119 Arizona St, an 8-unit, 5,776-square-foot multifamily community located in the desirable neighborhood of North Park, San Diego, and boasts a walk score of 93. Originally constructed in 1984, the property has been extensively renovated and has been well maintained. The offering is priced at $2,700,000 at a 5.42% cap rate. The building consists of eight units across an efficient mix of three 2-bedroom / 2-bathroom units (approximately 1000 SF), four 1-bedroom / 1-bathroom units (averaging 550 SF), and a studio (approx. 350 SF). Additionally, there are 9 off-street parking spaces, AC in all units, and a common laundry facility. This straightforward, highly usable layout caters to a broad urban tenant base and remains consistently attractive to renters in the submarket.

4119 Arizona St, North Park

4346 Texas St, North Park
$3,200,000
260024019SD MLS ⋅ Active Status
Exceptional North Park multifamily investment opportunity in one of San Diego’s most sought-after rental markets. Located in the heart of North Park, 4346 Texas Street features eight residential units on a well-positioned lot just steps from the neighborhood’s vibrant collection of restaurants, coffee shops, breweries, and local retailers. Residents enjoy the highly walkable location, with convenient access to North Park, University Heights, Hillcrest, Balboa Park, downtown San Diego, and major transportation corridors. The property's central location continues to attract a strong tenant base drawn to the area's unique blend of urban convenience and neighborhood charm. Whether you're an experienced multifamily investor or looking to expand your portfolio in one of San Diego's strongest rental submarkets, 4346 Texas Street presents a compelling opportunity to acquire an eight-unit asset with existing income, value-add potential, and long-term growth prospects in a premier infill location. The property offers immediate upside potential for investors seeking to increase income through lease-up strategies and rental optimization with the rare opportunity to unlock additional cash flow from day one.

4346 Texas St, North Park

3312 Lincoln Ave, North Park
$2,050,000
260023781SD MLS ⋅ Active Status
Opportunity to acquire 3312–3322 Lincoln Avenue, a fully renovated five-unit multifamily property located in the highly desirable North Park neighborhood of San Diego. Built in 1960 and fully renovated in 2020, the property features five cottage-style residences totaling approximately 2,050 rentable square feet on a 4,709-square-foot lot, with a unit mix of four (4) one-bedroom/one-bathroom units and one (1) studio. The property has been extensively improved inside and out with modern kitchens and bathrooms, vinyl plank flooring, recessed lighting, dual-pane windows, mini-split A/C, and select in-unit laundry. The cottage-style layout, private outdoor areas, and turnkey condition provide a unique residential setting with limited near-term capital requirements. Located in the heart of North Park, the property offers convenient access to the neighborhood’s dining, retail, entertainment, recreation, and major employment centers throughout central San Diego.

3312 Lincoln Ave, North Park

3829 Marlborough Avenue, East San Diego
$3,700,000
260023699SD MLS ⋅ Active Status
We are pleased to present “Stonegate Manor,” a 19-unit multifamily community located in the City Heights neighborhood of San Diego, California.? Located at 3829 Marlborough Avenue, the property offers investors the opportunity to acquire a well-maintained asset with significant infrastructure improvements, upgraded unit interiors, abundant parking, and a highly efficient unit mix.? Built in 1972, the property is situated on an approximately 0.32-acre lot and is comprised entirely of nineteen (19) one-bedroom/one-bathroom units averaging approximately 600 square feet.? Ownership has completed substantial improvements to the property’s major building systems, including a complete electrical rewire and upgraded plumbing systems.? These capital improvements provide a future owner with the benefit of modernized infrastructure while reducing the potential for significant near-term capital expenditures.? All unit kitchens and bathrooms have also been upgraded with quartz countertops, sleek cabinetry with brushed nickel hardware, stainless steel appliances, new paint, and faux wood flooring.? Additionally, the property offers abundant off-street parking for tenants, including three two-car garages and one single-car garage.? With its efficient unit mix, upgraded interiors, improved building systems, ample parking, and central San Diego location, “Stonegate Manor” represents an attractive opportunity to acquire a renovated multifamily asset in one of San Diego’s established urban rental markets.?

3829 Marlborough Avenue, East San Diego

2658 Broadway, Golden Hill
$3,500,000
260023081SD MLS ⋅ Active Status
Fully Entitled and Approved for 56-Units (45,249 SF) • Ready-to-Issue Development Opportunity • Modern Five-Story, Podium Design • Prime Central San Diego Location – Golden Hill • Located in the Complete Communities Transit Priority Area • Designated Opportunity Zone (Offering Potential Tax Benefits for Qualified Investor) • Walkable to Balboa Park, Shops, Nightlife and Dining • Convenient Access to Balboa Park and Nearby Neighborhoods Including Downtown, North Park and South Park • Approved Unit Mix: (16) 1Bdrm/1Bath, 500SF • (16) 1Bdrm/1Bath, 500SF • (18) Studios, 398SF • (12) Studios, 348SF • (12) Studios, 348SF • (10) Studio Lofts, 486SF • The approved plans in place provide a developer with a short, defined path to breaking ground. The existing structures include 8-Units on a 14,063 sq. ft. lot with alley access, and existing approvals for demolition of the existing structures

2658 Broadway, Golden Hill

3574 4th Ave. (-80), Mission Hills
$4,295,000
260022988SD MLS ⋅ Active Status
This landmark building captures the architectural spirit of San Diego's golden era, a gated community offering distinctive design and lasting character rarely found on the market today. Ideally situated in one of the city's most sought-after corridors, the property sits adjacent to numerous new developments, positioning it for continued appreciation. A compelling opportunity for the astute investor seeking both prestige and long-term value in a truly prime location. This Mix of (4) Plex PLUS (4) Newer Modern STUDIO Units, All Residences Have Stoves, Refrigerators, Dishwasher, Washer & Dryers, Air Conditioners, (8) Parking Spaces, Lot Size: 50x132 with Alley. The (3) One Bedrooms are 810-860 Sq. Ft, (1) 2 Bed 1 Bath Approximately 800 SF, the (4) Studios are 325-375 Sq. Ft. Plenty of Parking, 7 Parking Spaces, +1 Handicapped Space.

3574 4th Ave. (-80), Mission Hills

4357 39th Street, East San Diego
$2,800,000
260022893SD MLS ⋅ Active Status
4357-63 39th Street is a 9-unit apartment community consisting of multiple single-story structures totaling 5,080 square feet built in 1926, renovated in 2025, and situated on a 12,666 square foot lot. All the units are 1 Bedroom / 1 Bathroom and there are 9 garages, four of which are located at 4358 40th Street APN 447-202-23-00 on another 1,752 square foot lot. All units were completely remodeled in 2025. There was a new roof installed as well as stucco repair, exterior repaint, doors, and landscaping. All unit interiors feature new canned lighting, ceiling fans, window coverings and vinyl plank flooring with new baseboards. All units have new appliances and electric wall heaters powered by new sub panels. Plumbing was replaced with copper and ABS as needed. The kitchens and bathrooms feature new cabinets, fixtures, hardware, and quartz countertops.

4357 39th Street, East San Diego

3758 Louisiana St, North Park
$2,595,000
260022823SD MLS ⋅ Active Status
**6-Unit, Turnkey, Prime North Park** Located just south of University Ave in one of North Park's most desirable pockets, this 6-unit multifamily property offers a fully renovated, turnkey asset — including three brand-new units. Situated just south of University Ave (WalkScore of 88) with excellent walkability to shops, dining and nightlife along University Ave, convenient access to nearby neighborhoods including Mission Hills, Hillcrest, and South Park, and a short walk to Balboa Park. The property features a 3Bedroom/3Bathroom house along with (3) 1Bedroom/1Bathroom units, (1) 2Bedroom/1Bathroom, and (1) Studio, with each unit offering a private yard or patio. Significant capital improvements have been completed across both the interiors and exteriors, creating a turnkey property with steady in-place cash flow with still +20% in additional rental upside.

3758 Louisiana St, North Park

4657 Felton St, Normal Heights
$3,150,000
260022780SD MLS ⋅ Active Status
See OM! 4657 Felton Street, a 9-unit, 5,942-square-foot multifamily community located in the trendy neighborhood of Normal Heights, just steps from Adams Avenue entertainment, in San Diego. Originally constructed in 1969, the property was repositioned in 2018 with an extensive renovation plan to cater to today’s top renters. The offering is priced at $3,150,000 at a 5.42% cap rate. The building consists of nine units across an efficient mix of two 2-bedroom / 1-bathroom units (approximately 825 SF) and seven 1-bedroom / 1-bathroom units (averaging 615 SF). Additionally, there are 9 off-street parking spaces, AC in all units, and a common laundry facility. This straightforward, highly usable layout caters to a broad urban tenant base and remains consistently attractive to renters in the submarket.

4657 Felton St, Normal Heights

3767 7th Avenue, Mission Hills
$2,590,000
260022672SD MLS ⋅ Active Status
We are pleased to exclusively present for sale 3767 7th Avenue, an exceptionally restored Spanish-style multifamily investment located in the heart of Hillcrest, one of San Diego’s most desirable and supply-constrained urban neighborhoods. Combining stabilized in-place cash flow with fully entitled expansion potential, the offering presents a rare opportunity to acquire a trophy-quality asset featuring immediate development upside. The property currently consists of four legal apartment units and one non-conforming one-bedroom unit, while approved plans allow a purchaser to immediately commence construction of nine additional apartment units and legalize the existing non-conforming residence, resulting in a 14-unit apartment community upon completion.

3767 7th Avenue, Mission Hills

2470 C Street, Golden Hill
$8,200,000
260022608SD MLS ⋅ Active Status
We are pleased to present Golden View, a 28-unit multifamily community located at 2470 C Street in San Diego, CA. Situated on approximately 0.33 acres in the heart of Golden Hill, the property offers investors the opportunity to acquire a well-located apartment asset in one of San Diego’s most established, walkable, and centrally positioned urban submarkets. Golden View features a diversified unit mix of studio, one-bedroom, and two-bedroom floorplans totaling approximately 21,546 rentable square feet. The unit mix includes three (3) studio units averaging 442 square feet, fifteen (15) one-bedroom/one-bathroom units averaging 765 square feet, one (1) two-bedroom/one-and-a-half-bathroom unit at 832 square feet, eight (8) two-bedroom/two-bathroom units averaging 862 square feet, and one (1) large non-conforming studio unit at 1,017 square feet. The property’s varied floorplan offering supports broad renter appeal, while select spacious units feature bright kitchens with stainless steel appliances, generous closet space, secured access, elevator service, on-site laundry, and assigned parking. Ideally positioned just east of Downtown San Diego, Golden View places residents near Balboa Park, San Diego City College, major freeways, and a wide range of dining, nightlife, shopping, and entertainment venues. The property combines convenient access to San Diego’s major employment and lifestyle destinations with the neighborhood character and walkability that continue to drive renter demand in Golden Hill. With its central location, meaningful scale, diversified unit mix.

2470 C Street, Golden Hill

4015 Richmond, Mission Hills
$7,950,000
260021771SD MLS ⋅ Active Status
The Richmond is a newly constructed 19 unit luxury multifamily property in the heart of Hillcrest, one of San Diego’s most desirable and supply constrained rental markets. Completed in 2025, the property features studio, one bedroom and two bedroom residences with modern finishes, in unit laundry, central heating and air conditioning, triple pane windows and private balconies in most units. Offered at $7,950,000, or approximately $418,000 per unit, The Richmond is priced well below nearby development cost benchmarks while generating approximately $545,000 in annual scheduled income and $372,000 in NOI. The property also offers approximately 11% potential rent upside and benefits from exemption from AB 1482 rent caps through at least 2040, providing significant flexibility for future rent growth. The property is steps from shopping, dining and major employment centers, including the expanding UC San Diego Health Hillcrest campus and Scripps Mercy Hospital. Hillcrest is also benefiting from major public investment, including the approximately $28 million Pride Promenade project along Normal Street, further enhancing the neighborhood’s walkability and long term appeal. New construction. Below replacement cost. Strong in place income. Rent upside. Favorable regulatory positioning. An irreplaceable Hillcrest location.

4015 Richmond, Mission Hills

2944 F Street, Golden Hill
$5,250,000
260021585SD MLS ⋅ Active Status
24-unit apartment community located in the highly desirable Golden Hill neighborhood of San Diego. Built in 1982, the unit mix consists of twenty-four (24) studio units with functional floor plans along with an onsite laundry room and ample onsite parking (25 surface spaces). Tenants enjoy the walkability of Golden Hill with easy access to local services, shopping and community parks. This represents an opportunity to acquire an extremely well-maintained asset with strong in-place rents and additional upside in one of San Diego’s most dynamic and up-and-coming markets. The property benefits from its central location and proximity to Balboa Park, Downtown San Diego and nearby by neighborhoods of South Park and North Park.

2944 F Street, Golden Hill

202 Willie James Jones Avenue, Golden Hill
$12,250,000
260021452SD MLS ⋅ Active Status
41-unit apartment community located in Central San Diego. Built in 1987, the unit mix consists of forty (40) 2Bdrm/1Bath units and (1) 1Bdrm/1Bath units with spacious floor plans along with an onsite leasing office and laundry facility. Situated on a Large Lot (1.14 Acres) there is ample parking with over 50 Onsite Parking Spaces (Blend of Garage and Surface). This represents an opportunity to acquire an extremely well-maintained asset with strong in-place rents and additional upside in one of San Diego’s best rental markets. The property benefits from its central location and proximity to major shopping and business hubs situated only a few miles from both Mission Valley and Downtown San Diego.

202 Willie James Jones Avenue, Golden Hill

4638 Ohio Street, Normal Heights
$6,600,000
260021409SD MLS ⋅ Active Status
We are pleased to present the "Ohio Villas," a 16-unit multifamily community located at 4638–4648 Ohio Street in San Diego, California. The property offers investors the opportunity to acquire a well-located, extensively renovated asset in the heart of North Park, one of San Diego’s most established urban rental markets. Built in 1980, the property features a diverse and highly functional unit mix comprised of six (6) one-bedroom/one-bathroom units averaging approximately 500 square feet, four (4) two-bedroom/one-bathroom units averaging approximately 750 square feet, four (4) two-bedroom/one-and-one-half-bathroom units averaging approximately 780 square feet, and two (2) two-bedroom/two-bathroom units averaging approximately 838 square feet, totaling approximately 10,796 rentable square feet. All 16 units have been upgraded with condo-quality finishes and thoughtful interior improvements. Each unit features a fireplace, as well as renovations including granite countertops, updated cabinetry, tile backsplashes, stainless steel appliances, tile flooring, in-unit washers and dryers, and glass shower enclosures. Each unit includes two off-street parking spaces, with 12 units also benefiting from a private single-car garage. Select units feature private patios or balconies, providing an additional amenity that is difficult to replicate in the surrounding rental market. The property's exterior has also been upgraded and features secure gated access, mature landscaping, dual-pane windows, and tasteful Spanish-style architectural details.

4638 Ohio Street, Normal Heights

3319 Columbia St, Mission Hills
$1,495,000
260021344SD MLS ⋅ Active Status
Discover this remarkably maintained two-story duplex, originally built in 1933 and carefully preserved both inside and out. The updated units are currently occupied by excellent, long-term tenants, offering immediate rental income and a smooth transition for the next owner. The exterior is clean, well-kept, and presents beautifully, while the oversized lot provides ample space to garden, relax, or explore future possibilities—including the potential to add one or more ADUs in the rear. Whether you’re looking for a solid turnkey investment or a property with room to grow, this classic duplex delivers character, reliability, and opportunity. Don’t miss the chance to see everything it has to offer—schedule your private showing today!

3319 Columbia St, Mission Hills

3131 Adams Ave, Normal Heights
$4,900,000
260021332SD MLS ⋅ Active Status
Pleased to present the 3131-49 & 3151-57 Adams Avenue Portfolio, a 17-unit multifamily and mixed-use portfolio located in San Diego, California. Situated along iconic Adams Avenue in the highly desirable Normal Heights neighborhood, the offering consists of the adjacent 10-unit apartment complex at 3151-57 Adams Avenue and seven-unit mixed-use property at 3131-49 Adams Avenue. Originally built in 1939 and 1965, respectively, both assets were thoughtfully renovated in 2025 and combine for approximately 7,520 rentable square feet across 15,246 square feet of land. Additionally, the portfolio offers significant long-term redevelopment potential, as both properties are located within Complete Communities Tier 3, allowing up to 6.5 FAR, and are zoned CUPD-CU-3-3. The residential component consists of 13 units, including two detached one-bedroom/one-bath cottages, two studios, and nine one-bedroom/one-bath apartments, complemented by four high visibility retail spaces at 3131-49 Adams Avenue. Current retail tenants include a massage studio, pet grooming salon, and bookstore occupying two combined commercial spaces. The residential units were recently remodeled with upgraded interiors including quartz countertops, updated cabinetry, new appliances, and renovated bathrooms, with select units featuring refinished original hardwood or new vinyl plank flooring. Each residential unit also features mini-split A/C systems and tankless water heaters, enhancing tenant comfort and operating efficiency. (7) apartment units have also been amenitized with in-unit, full-size stackable W/D.

3131 Adams Ave, Normal Heights

2202 30th St, North Park
$3,750,000
260020769SD MLS ⋅ Active Status
A Rare Opportunity to Own One of South Park's Most Distinctive Mixed-Use Assets. Prominently positioned along the 30th Street corridor, 2202 30th Street offers a compelling combination of diversified income, architectural character, and an irreplaceable South Park location. The mixed-use property brings together three loft-style residences, two street-level commercial suites, and an additional Verizon lease with annual rent increases—all within one landmark corner property. Designed by acclaimed San Diego architect Jim Brown and distinguished by its iconic Shepard Fairey mural, the building is unlike anything else in the neighborhood. Its loft residences feature soaring ceilings, exposed brick, timber beams, polished concrete, and oversized industrial windows, creating dramatic spaces with authentic urban character. At street level, highly visible commercial spaces benefit from prominent frontage in the heart of South Park, surrounded by acclaimed restaurants, cafés, boutiques, and neighborhood destinations. Minutes from Balboa Park and Downtown San Diego, 2202 30th Street presents an increasingly rare opportunity: multiple income streams, distinctive architecture, cultural significance, and a prominent position within one of San Diego's most sought-after urban neighborhoods. For the investor seeking an asset that cannot simply be replicated, this is South Park real estate at its most distinctive. Located in the heart of South Park, one of San Diego’s most walkable and Located in one of San Diego's most sought-after urban neighborhoods, South Park continues to attract residents, retailers, and visitors with its walkable lifestyle, thriving restaurant scene, independent boutiques, and proximity to Balboa Park, Downtown San Diego, North Park, and major employment centers.

2202 30th St, North Park

2036 N Highland Ave, Logan Heights
$5,475,000
260020723SD MLS ⋅ Active Status
Presenting for sale this NEW CONSTRUCTION 12 unit in south San Diego. Comprised of a unit mix rarely available in the market, the property contains (9) 2BR 2.5BA townhome style units and (3) well designed 1BR units. The property is spread across (4) parcels, which presents a truly unique opportunity to attain residential financing and enjoy much better leverage than with commercial financing. Ask agent about cost seg/tax benefits for which we estimate a HUGE 7 figures of Yr 1 depreciation available! The property boasts truly elegant interior designs, equipped with AC minisplits in all living and bed rooms, off street parking including garages on each parcel, and select units enjoy massive decks and patios. Reach out and learn more today.

2036 N Highland Ave, Logan Heights

3852 1st Ave, Mission Hills
$2,200,000
260019784SD MLS ⋅ Active Status
Rare opportunity to own a beautifully renovated multi family property in the heart of Hillcrest. The property features a duplex house in the front with a triplex in the back, along with three garages and two additional parking spaces accessed from the alley. Major improvements include a new roof, updated plumbing, updated electrical and high end appliances throughout, allowing a new owner to step into a truly turnkey investment. The property is fully fenced and has a proven Airbnb rental history with strong income and future reservations already in place, providing immediate cash flow potential, subject to local regulations. Whether you’re looking for a high performing investment, a long term hold or an owner occupied opportunity with additional rental income, this is a property that rarely becomes available in such a prime Hillcrest location.

3852 1st Ave, Mission Hills

2605 Madison Avenue, Normal Heights
$3,375,000
260019736SD MLS ⋅ Active Status
We are pleased to present 2605 Madison Ave, located in the North Park neighborhood of San Diego. The subject property features four (4) one-bedroom/one-bathroom, three (3) two-bedroom/one-bathroom units, and two (2) two-bedroom/two-bathroom units that total approximately 6,400 of rentable square footage. The subject property is located in North Park, one of the most coveted locations for renters in San Diego. The property boasts a walkability score of 94 which Walkscore.com calls a “Walker's Paradise". It is approximately two miles from Morley Field/Balboa Park which offers tennis courts, public pool, baseball fields, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on Adams Avenue, El Cajon Blvd and 30th Street. Lastly, residents enjoy easy access to Interstate 805 and are just minutes away from San Diego’s largest employment centers including Downtown, Mission Valley, and Kearny Mesa. This property presents a unique opportunity for an investor to purchase a value-add investment opportunity in one of the strongest submarkets at the forefront of rental growth in San Diego. The new owner will enjoy the security of having the property situated near comparable apartment complexes, local shopping, and infrastructure, as well as having easy access to Mission Valley, Interstate 805, Interstate 8, and Highway 163.

2605 Madison Avenue, Normal Heights

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.