Multifamily Property for Sale in San Diego, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Diego, CA 92115

Description

We are proud to present 6283 Lorca Drive, a newly developed multifamily complex located in the heart of San Diego, California. Fully renovated and constructed in 2024, this high-quality asset consists of six units, including four (4) spacious two-bedroom/two-bathroom units (738 SF each), one (1) three-bedroom/two-bathroom unit (1,260 SF), and one (1) five-bedroom/three-bathroom single-family residence totaling 1,940 SF. This pride-of-ownership property showcases a thoughtfully executed renovation with no expense spared. Each unit is crafted to offer an abundance of natural light, complemented by luxury finishes such as recessed LED lighting, designer ceiling fans, premium entryways and flooring, quartz countertops, custom tile backsplashes, and stylish bathroom designs. Residents enjoy in-unit laundry, full appliance packages, generous closet space, and efficient ductless split HVAC systems. Select units offer private patios and elevated ceilings for added comfort and appeal. Strategically located in Rolando Village, one of San Diego’s most sought-after mid-city neighborhoods, the property provides residents with a unique blend of suburban tranquility and urban accessibility. The area is known for its quiet, winding streets, vibrant small business district, and strong sense of community. Residents benefit from walkable access to local dining, retail, and entertainment options, while being just minutes from San Diego State University, Mission Valley, Downtown San Diego, and area beaches. Rolando Village is part of the College Area Business District, a growing hub that supports the thriving community around SDSU. The university—just six minutes from Lorca Dr.—boasts over 34,000 students and contributes approximately $2.4 billion annually to the local economy. This prime location offers all the advantages of living in San Diego—the eighth-largest city in the U.S.—without the congestion often found in more densely populated coastal areas. 6283 Lorca Dr. presents a rare

Market Context

This multifamily in San Diego, CA is listed for sale. It is offered at an approximate 5.6% 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 5.6% 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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