San Diego (92102) Homes with Multi Family Subtype

Welcome to the vibrant heart of San Diego, CA, where the 92102 zip code offers an eclectic blend of urban living and coastal charm. Nestled in the bustling downtown area, this region is a treasure trove of cultural experiences, culinary delights, and outdoor adventures. With its proximity to Balboa Park, the San Diego Zoo, and a myriad of trendy restaurants and cafes, residents enjoy a lifestyle rich in amenities and entertainment.

One of the most appealing aspects of 92102 is its diverse real estate landscape, particularly in the multi-family home market. Homes with a multi-family subtype are perfect for those looking to invest in their future while enjoying the benefits of community living. These properties not only provide an opportunity for rental income but also foster a sense of connection among neighbors. Imagine living in a beautifully designed duplex or triplex, where you can share the joys of homeownership while maintaining your own private space.

The multi-family homes in this region often feature modern amenities, spacious layouts, and outdoor areas perfect for gatherings. With the demand for rental properties on the rise, investing in a multi-family home in 92102 can be a smart financial move. Whether you’re looking to house your extended family, create a rental portfolio, or simply enjoy the benefits of a multi-family lifestyle, this area has something to offer everyone.

Discover the charm of San Diego 92102, where vibrant city life meets the serenity of home, making it the perfect place to plant your roots.

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.