Multifamily Property for Sale in San Diego, CA

  • Price: $625K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Diego, CA 92115
  • Size: 1,026 SF

Description

Covered Land | Infill Opportunity | San Diego, CA Opportunity to acquire a centrally located infill site in the high-demand rental market of City Heights. The property features an unoccupied single-family residence, presenting immediate value-add potential through redevelopment or repositioning while pursing plans for future development. Currently zoned RM 1-3, the site also benefits from both Transit Priority Area (TPA) and Complete Communities (Tier 3) designations —unlocking enhanced density potential, increased floor area ratios, and additional height allowances, making it ideal for a multifamily project. Situated less than a block from Colina Park Golf Course and Recreation Center, the site is also within walking distance to area retail as well as multiple elementary, middle, and charter schools. The location also offers convenient access to San Diego State University (SDSU) , public transit options and has excellent connectivity to all major San Diego freeways, enhancing long-term tenant appeal and reinforcing the site’s Transit Priority designation benefits. This is a compelling opportunity for developers and investors to capitalize on both immediate income potential and long-term redevelopment upside in one of San Diego’s active growth corridors. Building SF: 1026 | Land Size: 3380.0 SF | Listing Type: FOR SALE

Market Context

This multifamily in San Diego, CA is listed for sale at $625,000 across 1,026 SF. It has been on the market for 23 days. Compare it against other multifamily listings for sale in San Diego, CA — <a href="/search/sale/multifamily/california/san-diego">view the full market</a>.

As of Q1 2026, the San Diego multifamily market showed average asking rents near $1183.00/unit/mo, and cap rates around 8.0%. Source: Consensus Q1 2026 market report.

Multifamily market FAQ

What is the typical cap rate for multifamily in San Diego?
About 8.0% as of Q1 2026, per Consensus.

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