Multifamily Property for Sale in San Diego, CA

  • Price: $535K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Diego, CA 92103

Description

Multifamily redevelopment site with dilapidated stucture located at the top of the lot and stairs to access it from the street below. All utilities are run to the site. Site is of split zoning where the top half of the lot is zoned RM 2-5 (1 du per 1,500 sf) and the lower portion is zoned OR 1-1 (1 per lot). Seller has gone through Preliminary Review and development analysis is available upon request, however, Buyer shall conduct their own investigations with the City. The unimproved City street formerly dedicated as Union Street sits at the base of the lot and creates immediate access to the public right of ways. Site is designated as Complete Communities and with it's location within a Transit Priority Area, no new parking is required. Land Size: 0.12 Ac | Listing Type: FOR SALE

Market Context

This multifamily in San Diego, CA is listed for sale at $535,000. It has been on the market for 38 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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