San Diego County Homes with Apartment Subtype

San Diego County Homes with Apartment Subtype

Welcome to San Diego County, a vibrant coastal paradise in sunny California known for its stunning beaches, diverse culture, and year-round pleasant climate. With its picturesque landscapes ranging from rolling hills to sparkling ocean views, San Diego is not just a destination for vacationers; it’s a place many are proud to call home.

San Diego County boasts a rich tapestry of neighborhoods, each offering unique charm and character. Whether you’re drawn to the bustling energy of downtown or the serene vibes of La Jolla, you’ll find a community that resonates with your lifestyle. The county is renowned for its outdoor activities, from surfing on the iconic Pacific waves to hiking in the breathtaking trails of Torrey Pines State Natural Reserve.

For those seeking a home that combines comfort with investment potential, consider properties with an apartment subtype. These homes provide the perfect blend of private living space alongside the opportunity for rental income. Imagine living in a beautifully designed home while having the option to lease out an apartment unit, providing financial flexibility and added value. Whether you’re a first-time buyer, an investor, or looking to downsize, these properties cater to a diverse range of needs.

In San Diego County, the real estate market is thriving, making it an ideal time to explore the possibilities. With a variety of styles and sizes, homes with apartment subtypes offer an attractive option for those looking to enjoy the California lifestyle while maximizing their investment. Embrace the San Diego way of life and discover the perfect home for you today!

Newest San Diego County Homes with Apartment Subtype

3853 Cherokee, San Diego
$3,425,000
OC26221753 MLS ⋅ Active Status
WD Land is pleased to present the opportunity to acquire Urban Heights, a 15-unit multifamily property at 3853–3865 Cherokee Avenue in the Cherokee Point neighborhood of central San Diego. The property sits where North Park, Normal Heights and City Heights meet, close to the restaurants, coffee shops and transit of the University Avenue corridor, with Balboa Park, Downtown and Mission Valley a short drive away. The offering spans two adjoining parcels totaling ±13,806 SF. The first, 3853–3859 Cherokee, holds a 13-unit apartment community: a two-story stucco building with exterior walkways and a single-story front building beneath the property’s reclaimed-wood Urban Heights sign. The second, 3861–3865 Cherokee, is a cottage style craftsman duplex on its own lot behind a redwood privacy fence. Originally built in 1953, the property completed a full interior and exterior remodel in 2020, with new windows, a new roof, new electrical and plumbing upgrades. Units were refinished with plank flooring, shaker cabinetry, granite countertops, stainless appliances and fully tiled baths. At the offering price of $3,425,000 ($228,333 per unit and $506 per SF), Urban Heights trades at a 6.01% cap rate on in-place income and 6.64% at market rents, with a 9.91 GRM falling to 9.27 at market. That is roughly 26% below the $306,755 per-unit average of eight nearby sales since early 2025, at a cap rate 72 basis points above their 5.29% average. In-place one-bedroom rents average $1,761 against $2,044 among nearby one-bedroom comparables, leaving room to grow income as units turn. With a Walk Score of 91 and steady renter demand, Urban Heights suits 1031 exchange buyers, private investors and long-term holders seeking a remodeled, multi building asset in one of San Diego’s most walkable urban submarkets.

3853 Cherokee, San Diego
4205 Noyes, San Diego
$5,400,000
OC26221697 MLS ⋅ Active Status
WD Land is pleased to present the opportunity to acquire The Roxy, a fully renovated 16-unit apartment community at 4205 Noyes Street in Pacific Beach. Set at the corner of Noyes Street and Oliver Avenue, the property sits just north of the Kendall-Frost Mission Bay Marsh Reserve, a short walk from the Mission Bay shoreline and a quick ride to the Pacific Beach boardwalk, Garnet Avenue and the coast. Originally built in 1959, the two-story building was taken down to the studs in a 2021 gut renovation. Major building systems were replaced, including a new roof, new electrical and plumbing upgrades, and every unit was rebuilt with new windows, gray shaker kitchens with white countertops, blue subway-tile backsplashes and stainless appliances, new plank flooring, ceiling fans and fully remodeled baths with new vanities, tubs and patterned tile. The result is 16 turnkey junior one-bedroom homes averaging ±450 SF, with 15 off-street parking spaces and a cozy coastal look carried outside through seafoam doors, iron railings and lantern lighting. At the offering price of $5,400,000 ($337,500 per unit), The Roxy offers the lowest price per door of any multifamily property currently on the market in Pacific Beach. It trades at a 4.64% cap rate on in-place income and 5.54% at market rents, with a 13.21 GRM falling to 11.77 at market. That price per unit sits about 23% below the $436,935 average of nine recent Pacific Beach sale comparables. Current rents average $2,046 per unit against a $2,300 market rent and a $2,379 average among nearby one-bedroom comparables, leaving room to grow income as units turn, with RUBS and pet rent already in place. With capital work complete, The Roxy suits 1031 exchange buyers, private investors and long-term holders seeking a low-maintenance coastal asset in one of San Diego’s most supply-constrained beach markets.

4205 Noyes, San Diego
6701 Kelly, San Diego
$8,975,000
OC26221659 MLS ⋅ Active Status
WD Land is pleased to present the opportunity to acquire The Kelly, a 27-unit multifamily community at 6701 Kelly Street in Linda Vista, one of central San Diego’s most accessible neighborhoods. Originally constructed in 1941, the property underwent a comprehensive gut renovation in 2022 that delivered new interiors, new windows, a new roof, plumbing upgrades and new electrical, positioning the asset as turnkey product for its next owner. The offering is composed of 12 townhome units, 12 apartment units, a duplex and an ADU on a ±45,738 SF (±1.05-acre) parcel with 56 on-site surface parking spaces, a 2.07-per-unit ratio. The mix spans three one-bedroom, eight two-bedroom/one-bath, twelve two-bedroom/two-bath and four three-bedroom homes, giving the property depth across household sizes. Renovated interiors feature quartz countertops, white shaker cabinetry, stainless steel appliances, wide-plank flooring, ceiling fans and refreshed tiled baths. At the offering price of $8,975,000 ($332,407 per unit and $357.57 per SF), the property delivers a 6.08% cap rate on in-place income and 6.43% at market rents, at a 10.35 gross rent multiplier. Modeled with 30% down at a 6.00% interest rate, in-place income covers debt service at 1.21x and produces a 3.5% cash-on-cash return, rising to 1.28x and 4.7% at market. With the major capital work behind it, ownership can focus on operations rather than construction. RUBS utility reimbursement, laundry and pet rent income are in place, and the market scenario identifies further savings in trash service and property management. Linda Vista’s central position between Mission Valley, Kearny Mesa and the University of San Diego, with direct access to I-805, SR-163 and I-8, supports durable renter demand. The Kelly offers 1031 exchange buyers, private capital and long-term holders a renovated, income-producing asset at scale in the urban core

6701 Kelly, San Diego
213 Guajome, Vista
$2,300,000
PW26221327 MLS ⋅ Active Status
*Do not disturb tenants or walk on the property* 213 Guajome Street is an exceptionally well-located 8-unit apartment building in the heart of Vista, California. Built in 1986, the property features an attractive unit mix of (8) spacious one-bedroom, one-bathroom apartments and an extraordinary amount of onsite parking, including 16 enclosed garages and 14 additional surface parking spaces—providing nearly four parking spaces per unit. The property is ideally situated just blocks from Historic Downtown Vista and Vista Village, offering residents convenient access to an expanding selection of restaurants, breweries, coffee shops, shopping, and entertainment. The nearby Vista Transit Center provides access to the SPRINTER rail line, connecting Oceanside to Escondido and offering convenient transportation throughout North San Diego County. Current rents are substantially below market, providing a new owner with the opportunity to increase rental income, improve operating performance, and create long-term value. Additionally, the property's exceptional parking capacity presents an opportunity to convert several garages into Accessory Dwelling Units (ADUs), while still maintaining ample onsite parking.

213 Guajome, Vista
1629 Palm Avenue, National City
$3,500,000
IV26214005 MLS ⋅ Active Status
Prime 16-Unit Multifamily Investment Opportunity 1629 Palm Avenue, National City, CA 91950 An exceptional opportunity to acquire a fully occupied, 16-unit residential community situated in a high-demand pocket of San Diego County. This two-story asset features a generous ~26,571 SF lot (~0.61 acres) with 10,616 SF of total living space and an outstanding 2:1 parking ratio with 32 dedicated spaces. Property Highlights & Unit Breakdown Unit Mix: 5 Units: 1 Bedroom / 1 Bathroom, 9 Units: 2 Bedrooms / 1 Bathroom, 2 Units: 2 Bedrooms / 2 Bathrooms. Occupancy: 100% Occupied—providing immediate, steady cash flow from day one. On Site Amenities: On-site laundry facility and ample assigned parking for residents and guests. Building Specs: 2-Story construction | 10,616 SF Building Size | 26,571 SF Lot Size | 32 Parking Spaces. Centrally located in National City, this property offers seamless connectivity to major transit corridors, employment centers, dining, and retail options. Convenient Commute: Quick access to major thoroughfares (I-5, I-805, and SR-54) and just minutes from Naval Base San Diego, Chula Vista, and Downtown San Diego. In-Demand Lifestyle: Walkable or short drive to local shopping, grocery stores, schools, and neighborhood dining. Value-Add Upside: Incoming ownership can leverage the robust San Diego County multifamily market by capitalizing on strong tenant demand, implementing targeted unit renovations, and capturing rental rate growth over time. Property sold in as-is condition.

1629 Palm Avenue, National City
1225 3rd, Chula Vista
$2,850,000
SB26153490 MLS ⋅ Active Status
SoCal Coastal Capital is proud to present Chula Bella Apartments located on 1225 Third Ave. This turnkey 10-unit property offers an opportunity to acquire a fully stabilized asset on Third Avenue. Built in 1970, the property has been fully renovated with in place RUBS. All units are 1-bed/1-bath units averaging 594 sq ft. with a desirable layout. The building is situated on an 11,761 square foot lot and totals 5,940 rentable square footage. Capital improvements include new railing, new roof, and plumbing. Ample on-site parking available with 10 parking spaces. It boasts a WALK SCORE of 81 with zoning designation CCP-Mixed Use Residential. Call or email listing agent for Offering Memorandum.

1225 3rd, Chula Vista
1010 Clearbrook Lane, Vista
$13,250,000
OC25268530 MLS ⋅ Active Status
Clearbrook Terrace is a 38+3 unit multifamily property located at 1010 Clearbrook Lane in Vista, California. Built in 1978 on a spacious 3.06-acre parcel, the community offers an attractive mix of two-bedroom floor plans, substantial outdoor space, and a quiet residential setting at the end of a private driveway. With strong demand for well-located rental housing and proximity to a wide range of amenities, Clearbrook Terrace represents a compelling opportunity in one of North County San Diego’s most desirable rental markets. The property consists of 2 studios, 23 two-bed/one-bath units, and 16 two-bed/two-bath units, providing a balanced and in-demand unit mix. One studio and one two-bed/two-bath unit are non-conforming, and the second studio currently functions as an on-site leasing office with potential for conversion into a studio ADU, subject to all required city or county approvals. All 38 legal two-bedroom units feature either a front or back patio, offering valuable private outdoor space. (The non-conforming units and potential ADU do not include patio areas.) Clearbrook Terrace also bene?ts from ample parking, including 45 garage spaces and 42 surface spaces, along with an on-site laundry facility. Its location at the end of a private driveway sets the community back from the roadway, reducing noise and creating a more private, neighborhood-oriented environment. The property enjoys a highly convenient Vista location, situated within walking distance of Brengle Terrace Park, home to tennis and pickleball courts, sports ?elds, a disc golf course, the Alta Vista Botanical Gardens, and the renowned Moonlight Amphitheatre, an outdoor venue hosting concerts and theatrical performances. Residents also bene?t from immediate access to East Vista Way, which offers numerous retail centers, restaurants, and daily conveniences. The property is one mile from Vista High School and just over 1.5 miles from State Route 78, providing easy connectivity throughout San Diego County. Clearbrook Terrace offers investors the opportunity to acquire a sizable, well-located multifamily asset with a strong unit mix, ample parking, private outdoor space, and proximity to some of Vista’s most desirable amenities and employment drivers.

1010 Clearbrook Lane, Vista
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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.

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