Refine Search
Sort by
1815 Dahlia Ave, Otay Mesa
$1,399,000
260024352SD MLS ⋅ Active Status
Compelling South San Diego development opportunity featuring an existing single-family residence plus a proposed 15-unit ADU development. The project is well advanced through the City of San Diego approval process, providing a buyer the opportunity to step into a project that has already progressed substantially through planning and design. The proposed development includes approximately 10,839 square feet of new residential construction across three stories, with a diversified mix of one-, two- and three-bedroom residences ranging from approximately 474 to 933 square feet. The current plans provide for 20 covered ground-level parking spaces. Upon completion, the property would feature 16 total residential units, including the existing residence. The proposed 15-unit program consists of one by-right ADU, seven deed-restricted affordable ADUs, and seven bonus ADUs, creating an efficient path to substantially increase density while retaining the existing residence. An attractive opportunity for a developer or investor seeking a well-progressed infill multifamily project in South San Diego with significant entitlement and design work already completed.

1815 Dahlia Ave, Otay Mesa

4550 Utah Street, Normal Heights
$1,895,000
260024337SD MLS ⋅ Active Status
The property is currently generating strong in-place income with additional upside available through continued rental growth. Additional amenities include communal laundry facilities and three garages, providing valuable off-street parking and storage in a location where parking is at a premium. The property also features an area at the front that may offer an opportunity to create additional off-street parking through a relatively straightforward curb-cut improvement, subject to applicable approvals. Residents enjoy convenient access to North Park’s vibrant collection of restaurants, coffee shops, breweries, entertainment, shopping and neighborhood amenities, while the property’s central location provides easy connectivity throughout San Diego. With a desirable North Park location, attractive five-unit configuration, strong existing income and multiple avenues for enhancing future returns, 4550-4554 Utah Street represents an excellent entry-level investment opportunity for an investor seeking quality multifamily real estate in one of San Diego’s highest-demand rental markets.

4550 Utah Street, Normal Heights

9849 Sunrise Hwy, Mount Laguna
$3,199,000
OC26217204 MLS ⋅ Active Status
Sunrise Highway RV Park & Restaurant is a 3.84-acre, 27-site RV community, restaurant, and apartment located in Mount Laguna, San Diego County, CA and offered for $3,199,000. The pricing equates to an 8.01% cap rate based on current budget NOI of $256,256. The Property includes 25 HCD-permitted full hookup RV sites, a detached full-service restaurant building with living quarters and a separate apartment, an office trailer with manager's quarters, and common area amenities including a gym, bathrooms, showers, and laundry. The RV sites consist of 12 park-owned homes and 13 resident-owned homes. The Property is 96.3% occupied, with one vacant park-owned home and all other sites occupied. The average site rent is $1,022 per month, and the occupied park-owned homes earn an average premium of $487 per month on top of site rent for total rent of $1,509. Two additional movable park-owned homes are on site and available for future placement or sale. They were moved to storage when new residents brought in their own homes. The restaurant building provides additional income, with the apartment leased for $1,500 per month and the restaurant and living quarters leased together for $4,725 per month. The Property is operated by a full-time on-site manager and maintenance technician who handles billing, meter readings, resident invoicing, as well as property repairs and maintenance. Electricity is submetered and billed back to residents based on usage, except for the restaurant building, which has electricity included in its rent. Propane is filled by the manager and billed back to residents. Public water, septic, and trash service are included in the rent. The restaurant pays for its own trash and propane directly. The Property sits at approx. 6,000 feet elevation within the Cleveland National Forest, roughly 30 minutes from the eastern edge of the San Diego metro core and an hour from the coast. Mount Laguna draws year-round visitors from a county of more than three million residents, with hiking, camping, and snow in the winter. With very little private land on the mountain and new development constrained by the surrounding national forest, the Property would be difficult to replicate. Please do not visit, drive through, call, or disturb the property or its residents without prior approval from the listing broker.

9849 Sunrise Hwy, Mount Laguna

971 D Ave., Coronado
$3,875,000
260024203SD MLS ⋅ Active Status
It is a distinct honor to present for sale for the first time in over thirty years, 971-79 D Avenue, Coronado, CA 92118, an exceptionally well-located five (5) unit multifamily property, ideally situated within three blocks from the beach, the iconic Hotel Del Coronado, and abundant shopping & dining along Orange Avenue. This charming garden-style community has Two (2) one-bedroom/one-bathroom units (±615 SF), and three (3) two-bedroom/two-bathroom units (±872 SF). There are three surface off-street parking spaces and two garages, as well as a laundry room and three large storage rooms on-site. The property features paved walkways accented by perimeter landscaping, including lush lawn(s), mature Magnolia trees, and well-manicured shrubs/flowers. Estimated to have been built in ±1949, the property is on a corner lot and features a two-story building, built of wood-frame construction upon an elevated foundation. The building has stucco exterior, a pitched roof, and many windows that have been replaced with dual-pane vinyl. Select units have been upgraded with vinyl plank flooring and lightly remodeled kitchens and bathrooms. Units are separately metered for gas and electricity, and there is a wide rear setback with space for bike/board storage for the residents. Given its unique and desirable coastal location, within walking distance to the beach, Hotel Del Coronado, shopping/dining, Glorietta Bay, et al., coupled with its good unit mix as a well-maintained Five-unit apartment community, near many multi-million dollar estates, this property is sure to do well. The astute investor or nearby resident could do several things to improve operating performance, including: 1) modernization of unit interiors to a very high-end level; 2) Adding an ADU; and/or 3) operating some units as mid-term or short-term rentals (where allowed by the city of Coronado).

971 D Ave., Coronado

8109 Winter Gardens, Lakeside
$880,000
260024193SD MLS ⋅ Active Status
Opportunity awaits at 8109 Winter Gardens Blvd! Situated on a highly visible corner at a busy Lakeside intersection, this commercial property offers excellent exposure and tremendous potential for an owner-user, investor, or developer. The existing building is in need of significant renovation, creating an opportunity to reimagine the property and bring your vision to life. With strong traffic counts, prominent street frontage, and flexible commercial potential, this property is ready for its next chapter. Whether you envision retail, office, service, or another commercial concept, 8109 Winter Gardens Blvd provides a unique opportunity to transform a well-located property into something special. Bring your imagination and unlock the potential of this high-visibility Lakeside location.

8109 Winter Gardens, Lakeside

4017 42nd St, East San Diego
$8,995,000
260024168SD MLS ⋅ Active Status
Rare investment opportunity featuring a $49,440/month NNN master lease with House of Metamorphosis, a well-established nonprofit operator with approximately 50 years in business, delivering stable, predictable income with minimal landlord responsibility. The property consists of 26 units, each with a private bathroom, purposefully designed for supervised residential care. The 8,450 SF building offers an average unit size of approximately 325 SF, maximizing income efficiency. Situated on a 7,000 SF lot with motel zoning, the property presents limited land value contribution; however, the zoning carries significant embedded entitlement value for SRO and behavioral health uses—an increasingly scarce and difficult-to-replicate asset class in San Diego. Investors are presented with a dual-path opportunity: continue operating with a reputable, long-term tenant under a true NNN structure, or reposition the asset for alternative residential or lodging uses, leveraging the existing 26-unit configuration and flexible zoning.

4017 42nd St, East San Diego

3128 El Cajon Boulevard, San Diego
$998,000
NDP2609254 MLS ⋅ Active Status
Welcome to one of the highest-density mixed-use development entitlements in North Park. This parcel is in the CC-3-9 zone on El Cajon Boulevard, with Complete Communities Housing Solutions Tier 3 eligibility at 6.5 FAR, plus Transit Area Overlay Zone, Transit Priority Area, and Mobility Zone 2 status. Two merged subdivision lots under one APN give it the scale many corridor sites lack. The attached feasibility study is a listing-stage analysis to support an informed valuation decision. Modeled are three development paths: a low-capital single-ADU activation, a mid-capital small mixed use stack under base CC-3-9 zoning, and a full CCHS Tier 3 mixed-use redevelopment. The analysis considers the El Cajon Boulevard Gateway Improvement District, SDIA Airport Influence Area Review Area 2, Moderate Paleontological Sensitivity, slopes 25%+ designation, no Coastal Overlay or Coastal Height Limit constraint. Together, these conditions create three clear legal development pathways under current 2026 City of San Diego entitlements. Office previously rented for $4,500/mo. Use for rental or construction trailer to build. Feasibility study in documents for review.

3128 El Cajon Boulevard, San Diego

20 S 33rd Street, Logan Heights
$6,900,000
260024136SD MLS ⋅ Active Status
Steel Street Residences presents a rare opportunity to acquire a brand-new 21-unit multifamily asset in central San Diego, offered at $6,900,000. Targeted for completion in late October to early November 2026, the project consists of two three-story buildings totaling approx. 7,668 SF on a 6,492 SF site. The mix includes nine 432 SF 1BR/1BA units, eight 315 SF 1BR/1BA units and four 315 SF studios. Every residence is planned with its own stacked washer/dryer, ductless mini-split HVAC, individual heat-pump water heater, refrigerator, range, dishwasher and disposal—high-demand features that distinguish this new construction from much of the surrounding rental inventory. Nine units are subject to recorded SDHC affordability requirements (2 at 50% AMI and 7 at 110% AMI); buyer to review and verify all applicable restrictions and qualification requirements. Located at 20–22 S. 33rd Street, the property offers exceptional access to Downtown San Diego, Naval Base San Diego and major transportation corridors including I-5, I-15 and SR-94. Public water/sewer, individual water submeters, NFPA 13 fire sprinklers and contemporary low-maintenance construction support efficient operations. Street parking only; no onsite stalls are planned. This is a compelling and unique opportunity to acquire newly built San Diego multifamily with strong renter amenities and a highly connected urban location.

20 S 33rd Street, Logan Heights

4119 Arizona St, North Park
$2,700,000
260024052SD MLS ⋅ Active Status
Pleased to present 4119 Arizona St, an 8-unit, 5,776-square-foot multifamily community located in the desirable neighborhood of North Park, San Diego, and boasts a walk score of 93. Originally constructed in 1984, the property has been extensively renovated and has been well maintained. The offering is priced at $2,700,000 at a 5.42% cap rate. The building consists of eight units across an efficient mix of three 2-bedroom / 2-bathroom units (approximately 1000 SF), four 1-bedroom / 1-bathroom units (averaging 550 SF), and a studio (approx. 350 SF). Additionally, there are 9 off-street parking spaces, AC in all units, and a common laundry facility. This straightforward, highly usable layout caters to a broad urban tenant base and remains consistently attractive to renters in the submarket.

4119 Arizona St, North Park

4346 Texas St, North Park
$3,200,000
260024019SD MLS ⋅ Active Status
Exceptional North Park multifamily investment opportunity in one of San Diego’s most sought-after rental markets. Located in the heart of North Park, 4346 Texas Street features eight residential units on a well-positioned lot just steps from the neighborhood’s vibrant collection of restaurants, coffee shops, breweries, and local retailers. Residents enjoy the highly walkable location, with convenient access to North Park, University Heights, Hillcrest, Balboa Park, downtown San Diego, and major transportation corridors. The property's central location continues to attract a strong tenant base drawn to the area's unique blend of urban convenience and neighborhood charm. Whether you're an experienced multifamily investor or looking to expand your portfolio in one of San Diego's strongest rental submarkets, 4346 Texas Street presents a compelling opportunity to acquire an eight-unit asset with existing income, value-add potential, and long-term growth prospects in a premier infill location. The property offers immediate upside potential for investors seeking to increase income through lease-up strategies and rental optimization with the rare opportunity to unlock additional cash flow from day one.

4346 Texas St, North Park

728 G Ave, Coronado
$5,400,000
260023894SD MLS ⋅ Active Status
Eleven on G is an 11-unit multifamily property situated on a 6,707-square-foot parcel in the heart of Coronado. The property consists of ten one-bedroom residences and one two-bedroom residence totaling approximately 5,511 square feet, with an expansive front lawn, mature landscaping and multiple open-air areas that create an inviting residential setting. A defining characteristic of the property is its existing 11-unit configuration, representing a level of multifamily density that would be difficult to replicate under today’s development standards. This existing scale, combined with the property’s relatively compact footprint and attractive outdoor areas, distinguishes Eleven on G from many other multifamily investment opportunities in Coronado. The improvements have been well maintained, with select interiors featuring thoughtful renovations and updated finishes. The combination of improved and more traditional units provides an incoming investor with an established asset while preserving opportunities to enhance rents and interiors over time. Located just steps from Coronado High School and within easy walking distance of Orange Avenue, neighborhood shopping, restaurants, parks and recreation, Eleven on G combines established multifamily scale with the walkability and residential character that distinguish Coronado’s rental market.

728 G Ave, Coronado

3312 Lincoln Ave, North Park
$2,050,000
260023781SD MLS ⋅ Active Status
Opportunity to acquire 3312–3322 Lincoln Avenue, a fully renovated five-unit multifamily property located in the highly desirable North Park neighborhood of San Diego. Built in 1960 and fully renovated in 2020, the property features five cottage-style residences totaling approximately 2,050 rentable square feet on a 4,709-square-foot lot, with a unit mix of four (4) one-bedroom/one-bathroom units and one (1) studio. The property has been extensively improved inside and out with modern kitchens and bathrooms, vinyl plank flooring, recessed lighting, dual-pane windows, mini-split A/C, and select in-unit laundry. The cottage-style layout, private outdoor areas, and turnkey condition provide a unique residential setting with limited near-term capital requirements. Located in the heart of North Park, the property offers convenient access to the neighborhood’s dining, retail, entertainment, recreation, and major employment centers throughout central San Diego.

3312 Lincoln Ave, North Park

2140 1st Avenue, Downtown
$1,725,000
260023734SD MLS ⋅ Active Status
pleased to exclusively present for sale 2140–2144 1st Avenue, a meticulously restored five-unit Victorian apartment community located in the prestigious Bankers Hill neighborhood of San Diego, California. Perched above Downtown San Diego with sweeping views of the city skyline, San Diego Bay, and Point Loma, the property offers a rare combination of historic architectural significance, irreplaceable location, and modernized living accommodations. Following an extensive restoration program, ownership has thoughtfully preserved the property’s timeless Victorian character while incorporating high-quality interior and exterior improvements that rival those found in luxury single-family residences. The property consists of four spacious one-bedroom residences and one studio apartment, with each unit featuring a unique floor plan and distinct architectural character. Recent improvements include a fully refreshed exterior, upgraded flooring, custom-designed kitchens and bathrooms, premium fixtures and finishes, expansive walk-in closets, and bay windows in select units that maximize natural light and capitalize on the property’s elevated setting. Residents further benefit from beautifully maintained grounds and a private landscaped backyard that enhances the overall residential experience. A substantial storage area beneath the building provides additional utility and flexibility for ownership. 2140 1st Avenue presents investors with a compelling opportunity to acquire a boutique multifamily asset in one of SD's most supply contrained and desirable urban neighborhoods. The property’s historic charm, architectural distinction, and premier location create a highly differentiated rental offering that continues to attract quality tenants. Future ownership may further enhance revenue potential through continued interior modernization, the addition of in-unit laundry, and strategic common-area improvements designed to capture premium market rents. Situated in the heart of Bankers Hill, one of San Diego’s most affluent and walkable neighborhoods, the property benefits from immediate proximity to Balboa Park, Downtown San Diego, Little Italy, the Waterfront District, and the region’s largest employment centers. Residents enjoy convenient access to acclaimed restaurants, boutique retail, cultural institutions, healthcare campuses, and public transportation, all within a pedestrian-friendly environment characterized by mature tree-lined streets and historic architecture. With a Walk Score of 95, the location offers an exceptional blend of urban convenience and neighborhood charm. Supported by strong demographic trends, limited housing supply, and consistently high renter demand, Bankers Hill remains one of San Diego’s premier multifamily investment submarkets. 2140–2144 1st Avenue represents a rare opportunity to acquire a trophy-quality historic asset with durable income characteristics, meaningful upside potential, and long-term appreciation prospects in one of Southern California’s most coveted urban neighborhoods.

2140 1st Avenue, Downtown

3829 Marlborough Avenue, East San Diego
$3,700,000
260023699SD MLS ⋅ Active Status
We are pleased to present “Stonegate Manor,” a 19-unit multifamily community located in the City Heights neighborhood of San Diego, California.? Located at 3829 Marlborough Avenue, the property offers investors the opportunity to acquire a well-maintained asset with significant infrastructure improvements, upgraded unit interiors, abundant parking, and a highly efficient unit mix.? Built in 1972, the property is situated on an approximately 0.32-acre lot and is comprised entirely of nineteen (19) one-bedroom/one-bathroom units averaging approximately 600 square feet.? Ownership has completed substantial improvements to the property’s major building systems, including a complete electrical rewire and upgraded plumbing systems.? These capital improvements provide a future owner with the benefit of modernized infrastructure while reducing the potential for significant near-term capital expenditures.? All unit kitchens and bathrooms have also been upgraded with quartz countertops, sleek cabinetry with brushed nickel hardware, stainless steel appliances, new paint, and faux wood flooring.? Additionally, the property offers abundant off-street parking for tenants, including three two-car garages and one single-car garage.? With its efficient unit mix, upgraded interiors, improved building systems, ample parking, and central San Diego location, “Stonegate Manor” represents an attractive opportunity to acquire a renovated multifamily asset in one of San Diego’s established urban rental markets.?

3829 Marlborough Avenue, East San Diego

308 S The Strand, Oceanside
$14,000,000
260023450SD MLS ⋅ Active Status
Marbella is an oceanfront multifamily property comprised of 21 units in 4 separate buildings, including studios, one-bedrooms, and a large 3-bedroom unit. In addition, there are 14 individual single-car garages. Marbella was completely renovated in 2021. All units have been fully remodeled and are fully furnished with stunning interior design. The property is located on Oceanside’s famed “Strand” drive with beachfront views and steps to the sand. The downtown amenities, train station, and world-class restaurants are just a couple of blocks away, putting Marbella in the middle of what makes Oceanside one of California’s most desired beach destinations. Marbella has been operated as a successful vacation rental property with ADR and RevPAR outperforming the market while maintaining its affordable value. There is an opportunity to reduce overall expenses by transitioning to monthly or leased rentals. The investor can transition 100% to monthly rentals or keep some of the units as vacation rentals to enjoy higher revenue through the summer months.

308 S The Strand, Oceanside

1344 La Palma, Pacific Beach/Mission Beach
$3,075,000
260023323SD MLS ⋅ Active Status
Fantastic Pacific Beach 5 unit property - Less than one block from Mission Bay and Fanuel Street Park. This fully vacant five-unit property gives its next owner immediate control to renovate, reposition, and lease every residence at current market rents. Front Detached Cottage w/ a 4 unit building at the rear, with two parking spaces per unit, private patios/balconies, recent capital improvements, and a roughly 7,500-square-foot RM-2-5 site with additional development potential (opportunity up to 20+ units subject to verification with city). The property offers both near-term income upside and a compelling long-term strategy. See supplemental remarks. Less than one block from Mission Bay and Fanuel Street Park, 1344-1348 La Palma Street offers immediate rental upside together with a separate long-term development opportunity. All five residences are to be delivered vacant, allowing the next owner to complete improvements, attain market rental pricing, and coordinate lease-up on their own schedule. The property includes a detached front cottage (aprox 1100 sq.ft) and four residences in the rear building. The front cottage features a refurbished entry deck, updated kitchen, newer windows, A/C, skylight/solar-tube lighting, two full bathrooms, a walk-in closet, separate laundry room, storage, and a private rear patio. Its flexible floor plan may allow for a two-bedroom configuration * The rear building includes two lower one-bedroom residences (each about 500 sq.ft) with private patios and washer/dryer hookups, plus two upper two-bedroom residences (each about 600 sq.ft) with vaulted ceilings and private balconies. Interior improvements vary by unit and include newer laminate or tile flooring, updated countertops, subway-tile backsplash, granite kitchen counters, upgraded sinks, newer vanities, and tiled shower enclosures * Each residence has two allocated parking spaces. Portions of the existing landscaped area may provide additional parking potential * Recent property improvements include newer roofs on both structures, a replaced sewer line, newer water heaters, and a complete exterior repaint. * The approximately 7,500-square-foot RM-2-5 site also presents a separate redevelopment opportunity. Preliminary analysis identifies a primary conceptual range of approximately 15 to 19 units, with possibility for more. No development program is approved. Buyers must independently verify zoning, Complete Communities eligibility, Coastal requirements, affordability obligations, parking, unit count, rents, and physical feasibility.

1344 La Palma, Pacific Beach/Mission Beach

2658 Broadway, Golden Hill
$3,500,000
260023081SD MLS ⋅ Active Status
Fully Entitled and Approved for 56-Units (45,249 SF) • Ready-to-Issue Development Opportunity • Modern Five-Story, Podium Design • Prime Central San Diego Location – Golden Hill • Located in the Complete Communities Transit Priority Area • Designated Opportunity Zone (Offering Potential Tax Benefits for Qualified Investor) • Walkable to Balboa Park, Shops, Nightlife and Dining • Convenient Access to Balboa Park and Nearby Neighborhoods Including Downtown, North Park and South Park • Approved Unit Mix: (16) 1Bdrm/1Bath, 500SF • (16) 1Bdrm/1Bath, 500SF • (18) Studios, 398SF • (12) Studios, 348SF • (12) Studios, 348SF • (10) Studio Lofts, 486SF • The approved plans in place provide a developer with a short, defined path to breaking ground. The existing structures include 8-Units on a 14,063 sq. ft. lot with alley access, and existing approvals for demolition of the existing structures

2658 Broadway, Golden Hill

2241 Prospect, National City
$1,599,000
260023075SD MLS ⋅ Active Status
2241-2247 Prospect Street offers two distinct investment strategies in one asset. A value-add investor can pursue substantial rental upside across the property, while an owner-user can occupy the detached three-bedroom home and benefit from income generated by the four additional units. The physical separation of the detached residence from the income units is a meaningful differentiator for buyers who want the economics of multifamily ownership without living in a conventional apartment setting. The current rent roll is materially below the stated conservative pro forma. Excluding the owner-occupied unit, current collected rent totals approximately $8,300 per month. Stabilized pro forma rent across all five units is approximately $13,550 per month, creating approximately $5,250 per month / $63,000 per year of potential gross rental upside before considering vacancy, collection loss, turnover costs, repairs, capital expenditures or other operating expenses. This property is located in one of the most desirable areas of National City with peek-a-boo views of the Bay.

2241 Prospect, National City

869 Anchorage Pl, Chula Vista
$1,150,000
PTP2607125 MLS ⋅ Active Status
Prime Investment Opportunity in Chula Vista! This versatile Flex Condominium Offices-Storage building offers exceptional potential for a growing business. With a flexible layout, you can configure the space to include multiple offices with an attached storage area, or easy convert it into a larger open storage unit. The unit includes two bathrooms, storage and 7 office spaces. Located within the highly sought-after Venture Commerce Center, right in the heart of the Eastlake Business District, this space offers easy access to shopping, dinning, and recreational facilities. Plus, it's just minutes from the 125 freeway and only 15 minutes from the Otay Mesa Border Crossing. Don't miss out on this rare opportunity.

869 Anchorage Pl, Chula Vista

3574 4th Ave. (-80), Mission Hills
$4,295,000
260022988SD MLS ⋅ Active Status
This landmark building captures the architectural spirit of San Diego's golden era, a gated community offering distinctive design and lasting character rarely found on the market today. Ideally situated in one of the city's most sought-after corridors, the property sits adjacent to numerous new developments, positioning it for continued appreciation. A compelling opportunity for the astute investor seeking both prestige and long-term value in a truly prime location. This Mix of (4) Plex PLUS (4) Newer Modern STUDIO Units, All Residences Have Stoves, Refrigerators, Dishwasher, Washer & Dryers, Air Conditioners, (8) Parking Spaces, Lot Size: 50x132 with Alley. The (3) One Bedrooms are 810-860 Sq. Ft, (1) 2 Bed 1 Bath Approximately 800 SF, the (4) Studios are 325-375 Sq. Ft. Plenty of Parking, 7 Parking Spaces, +1 Handicapped Space.

3574 4th Ave. (-80), Mission Hills

Encinitas
$3,349,000
260022943SD MLS ⋅ Active Status
A newly renovated coastal Encinitas 5 unit multifamily asset with recently constructed additions, and strong in-place income in one of Southern California’s most supply-constrained rental markets. Introducing 921–927 Regal Road, a rare opportunity to acquire a standout 5-unit property on a large lot in the highly desirable coastal community of Encinitas. Completed with extensive renovations and recent additional units, construction and improvements finalized from 2020 to 2025, this exceptional investment offers a highly attractive unit mix of two (2) two-bedroom / one-bath units and three (3) one-bedroom / one-bath units. Total of 7 bed , 5 baths. This is the Northerly half of mirror image courtyard development. The south 5 unit property is also available separately. The property has undergone a comprehensive, transformation featuring newly constructed and fully remodeled residences. Interior upgrades include modern quartz countertops, renovated kitchens and bathrooms, tile flooring throughout, updated electrical systems, new AC units serving the newly built units, and new roofs. Each residence offers abundant natural light, large private enclosed backyards, and mature landscaping that creates a unique residential environment rarely found in multifamily investments of this scale. The property combines modern improvements with a low-density coastal living experience that strongly differentiates it from traditional apartment product throughout Southern California. Located in one of North County San Diego’s most desirable rental markets.

Encinitas

Encinitas
$3,349,000
260022941SD MLS ⋅ Active Status
A newly renovated coastal Encinitas multifamily trophy asset on a Large Lot with quality upgrades, strong in-place income, in one of Southern California’s most supply-constrained rental markets. Introducing 931–937 Regal Road, a rare opportunity to acquire a newly renovated 5-unit property in this highly desirable coastal community. Completed with extensive renovations and recent construction additional units with improvements finalized from 2020 to 2025, this exceptional investment offers a highly attractive unit mix of three (3) two-bedroom / one-bath units and two (2) one-bedroom / one-bath units. Total of 8 bed, 8 bath. Private courtyards for each unit! This is the South half of mirror image courtyard development. The adjacent 5 unit property is also available separately. The property has undergone a comprehensive, transformation featuring newly constructed and fully remodeled residences. Interior upgrades include modern quartz countertops, renovated kitchens and bathrooms, tile flooring throughout, updated electrical systems, new AC units serving the newly built units, and new roofs on all. Each residence offers abundant natural light, large private enclosed backyards, and mature landscaping that creates a unique residential environment rarely found in multifamily investments of this scale. The property combines modern improvements with a low-density coastal living experience that strongly differentiates it from traditional apartment product throughout Southern California. Located in one of North County San Diego’s most desirable rental markets.

Encinitas

234 W Kalmia, Fallbrook
$9,060,000
260022912SD MLS ⋅ Active Status
The offering presents an opportunity to acquire a 54- unit senior multifamily portfolio comprised of two adjacent properties, Kalmia Courtyard and De Luz Apartments, in Fallbrook, California. Properties must be purchased together. The portfolio offers predictable rent growth through rents tied to Area Median Income (AMI) rather than market rents. Constructed in 1988 and 1997, the properties also offer newer construction, potentially reducing maintenance and long-term capital expenditures. Due to the recorded Regulatory Agreement, the portfolio qualifies for Low-Income Housing property tax abatement. Seller to convey 501(c)3 nonprofit entity to assist buyer with structure. The adjacent properties can be operated separately or together, providing operational efficiencies while maintaining separate income streams and flexibility to sell the proper ties individually in the future. Located within walking distance of Downtown Fallbrook, residents benefit from convenient access to locally owned shops, restaurants, boutiques, galleries, and everyday services in a charming small-town setting. Included 2 properties and 4 parcels - 234 W Kalmia Street & 420 N. Pico Ave, Fallbrook, CA 92028. APN: 103-131-06, 07 & 08 and 103-131-01-00

234 W Kalmia, Fallbrook

4357 39th Street, East San Diego
$2,800,000
260022893SD MLS ⋅ Active Status
4357-63 39th Street is a 9-unit apartment community consisting of multiple single-story structures totaling 5,080 square feet built in 1926, renovated in 2025, and situated on a 12,666 square foot lot. All the units are 1 Bedroom / 1 Bathroom and there are 9 garages, four of which are located at 4358 40th Street APN 447-202-23-00 on another 1,752 square foot lot. All units were completely remodeled in 2025. There was a new roof installed as well as stucco repair, exterior repaint, doors, and landscaping. All unit interiors feature new canned lighting, ceiling fans, window coverings and vinyl plank flooring with new baseboards. All units have new appliances and electric wall heaters powered by new sub panels. Plumbing was replaced with copper and ABS as needed. The kitchens and bathrooms feature new cabinets, fixtures, hardware, and quartz countertops.

4357 39th Street, East San Diego

3758 Louisiana St, North Park
$2,595,000
260022823SD MLS ⋅ Active Status
**6-Unit, Turnkey, Prime North Park** Located just south of University Ave in one of North Park's most desirable pockets, this 6-unit multifamily property offers a fully renovated, turnkey asset — including three brand-new units. Situated just south of University Ave (WalkScore of 88) with excellent walkability to shops, dining and nightlife along University Ave, convenient access to nearby neighborhoods including Mission Hills, Hillcrest, and South Park, and a short walk to Balboa Park. The property features a 3Bedroom/3Bathroom house along with (3) 1Bedroom/1Bathroom units, (1) 2Bedroom/1Bathroom, and (1) Studio, with each unit offering a private yard or patio. Significant capital improvements have been completed across both the interiors and exteriors, creating a turnkey property with steady in-place cash flow with still +20% in additional rental upside.

3758 Louisiana St, North Park

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.