San Diego (92102) Homes with Multi Family Subtype

Welcome to the vibrant heart of San Diego, California, where the 92102 zip code beckons with a unique blend of urban charm and coastal allure. Nestled within the bustling city, this area is a treasure trove of opportunities, particularly for those seeking multi-family homes.

San Diego is renowned for its stunning beaches, year-round pleasant weather, and a rich cultural tapestry that draws residents and visitors alike. The 92102 region, encompassing neighborhoods like Golden Hill and South Park, offers a dynamic lifestyle with easy access to downtown attractions, eclectic eateries, and lush parks. Here, you can enjoy the best of both worlds: the excitement of city living paired with the tranquility of suburban life.

For investors and families alike, multi-family homes in this area present an exceptional opportunity. These properties not only provide the potential for rental income but also foster a sense of community. Imagine living in a beautifully designed duplex or triplex, where you can enjoy the company of neighbors while still maintaining your privacy. Many of these homes feature modern amenities, spacious layouts, and outdoor spaces perfect for gatherings or quiet evenings under the stars.

In 92102, the real estate market is thriving, with diverse options to suit various lifestyles and budgets. Whether you’re looking to invest, expand your family, or simply enjoy the San Diego lifestyle, this region is a fantastic choice. Embrace the opportunity to be part of a community that values both connection and individuality in the heart of sunny California.

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.