San Diego (92102) Homes with Multi Family Subtype

San Diego, located in the state of California, is a vibrant city in San Diego County. Known for its beautiful weather, stunning beaches, and diverse culture, San Diego is a highly sought-after destination for both residents and tourists alike. One of the neighborhoods within San Diego is the 92102 zip code area, which offers a unique blend of residential and commercial properties.

If you're looking for homes with a multi-family subtype in San Diego's 92102 region, you're in luck. This area is known for its diverse housing options, including duplexes, triplexes, and even larger apartment complexes. These multi-family properties provide excellent opportunities for both investors and homeowners looking for additional rental income.

Living in a multi-family home in the 92102 region offers several advantages. Firstly, it allows for shared expenses, making homeownership more affordable. Additionally, having multiple units in one property provides flexibility in terms of rental income potential. Whether you choose to live in one unit and rent out the others or solely invest in a multi-family property, you can benefit from the steady cash flow that rental properties can offer.

Moreover, the 92102 region is conveniently located near various amenities and attractions. Residents can enjoy easy access to popular destinations such as Balboa Park, the San Diego Zoo, and the Gaslamp Quarter. With its proximity to downtown San Diego, residents can also take advantage of the city's thriving job market, entertainment options, and world-class dining.

In conclusion, the 92102 region in San Diego offers an exciting array of multi-family homes, making it an ideal choice for both investors and those seeking affordable homeownership options. With its prime location and diverse culture, San Diego's 92102 region is a fantastic place to call home.

Newest San Diego (92102) Homes with Multi Family Subtype

$1,700,000

PTP2600758 MLS ⋅ Active Status

PRICE REDUCED $200K! Rare multifamily ADU densification opportunity in Sherman Heights, San Diego. By-right ADU development under CA SB-1211 allows expansion from 6 to 12 units. The property features a well-maintained 3-story, 6-unit apartment building (4,608 SF) on a 7,500 SF lot, built in 1927, with month-to-month tenancies and current gross income exceeding $10,000/month. Professionally prepared plans are in final approval for 6 new ADUs across three detached, two-story structures totaling approximately 2,884 SF in the rear. Upon completion, the ADUs are projected to generate an additional $13,000+/month in gross rental income, which puts this project well above a 6% cap-rate on proforma income, and should yield a healthy net completion profit after factoring in construction costs. The site is zoned CC-3-4, with ministerial ADU approvals that significantly reduce entitlement risk and development timelines. Ideal for investors seeking unit-count expansion and long-term rental growth in a prime urban infill location.

2259 Market Street, San Diego

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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.