Multifamily Property for Sale in San Diego, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Diego, CA 92037

Description

We are pleased to present 444 Bonair Street, a well-maintained four-unit multifamily property situated on a generous 0.19-acre parcel in the highly desirable Windansea Beach neighborhood of La Jolla, California. This rare coastal asset provides investors with a stable, income-generating opportunity in one of San Diego’s most exclusive and supply-constrained rental markets. The property offers a balanced and highly functional unit mix, consisting of one (1) one-bedroom, one-bathroom unit of approximately 650 square feet, two (2) two-bedroom, one-bathroom units of roughly 800 square feet each, and one (1) two-bedroom, two-bathroom unit of approximately 1,000 square feet, for a combined 3,250 net rentable square feet. Each residence features a practical layout, ample natural light, and a quiet coastal setting just blocks from the shoreline —ideal for long-term tenancy in a premier beach community. Additional value comes from the property’s strong parking profile, which includes four (4) single-car garages along with ample additional off-street parking, a significant advantage in this dense and highly competitive coastal submarket. Located just one block from Windansea Beach and walkable to La Jolla’s vibrant village, boutique retail, dining, and recreation amenities, the asset enjoys enduring appeal among quality tenants seeking best-in-class coastal living. With strong historical occupancy, consistent cash flow, and clear upside through interior renovations or future redevelopment, 444 Bonair Street represents an increasingly rare opportunity to acquire a low-maintenance, coastal multifamily property in one of Southern California’s most prestigious neighborhoods. Investment Highlights: • Premier Windansea Beach location, steps from the shoreline and walkable to top dining, retail, and lifestyle amenities. • Desirable mix of one- and two-bedroom units ideal for long-term tenancy and stable income. • Situated on a 0.19-acre parcel with four (4) single-car garages plus

Market Context

This multifamily in San Diego, CA is listed for sale. It is offered at an approximate 4.7% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 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.

Its 4.7% asking cap rate is below the San Diego multifamily market average of about 8.0%, reflecting premium pricing relative to comparable assets.

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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