92116 Homes with Multi Level Stories

Welcome to the vibrant community of zip code 92116, nestled in the heart of San Diego, California. This charming neighborhood, known as University Heights, seamlessly blends a rich historical tapestry with modern amenities, making it a sought-after destination for homebuyers and renters alike.

One of the standout features of homes in this area is their multi-level stories, which add a unique architectural flair to the landscape. These multi-story residences not only maximize living space but also provide stunning views of the surrounding hills and the picturesque San Diego skyline. Whether you’re looking for a cozy bungalow or a spacious family home, the diverse selection of multi-level properties in 92116 caters to a variety of lifestyles and preferences.

Beyond the beautiful homes, University Heights boasts a lively atmosphere filled with trendy cafes, eclectic boutiques, and lush parks. Residents enjoy easy access to local hotspots, including the renowned Adams Avenue, where you can explore a delightful mix of dining options and cultural experiences. Outdoor enthusiasts will also appreciate the nearby Mission Valley and Balboa Park, offering ample opportunities for recreation and relaxation.

With its friendly community vibe and convenient location, 92116 is more than just a zip code; it’s a place where memories are made and dreams are realized. Discover the charm of multi-level living in this dynamic neighborhood, and experience the best that San Diego has to offer! Whether you’re a first-time homebuyer or looking to invest, 92116 is a fantastic choice for your next chapter.

Newest 92116 Homes with Multi Level Stories

$2,449,000

260022212SD MLS ⋅ Active Status

A rare opportunity to own a three-unit income property in the heart of North Park - University Heights, combining a fully renovated primary Detached Main House with Two Brand-new ADU residences completed in 2026, all situated on a desirable corner lot. The front residence at 4403 Idaho Street is a fully renovated 3-bedroom, 2-bath home featuring a permitted addition, new roof, new A/C, new appliances, contemporary finishes, and a private front yard offering the feel and privacy of a single-family residence. Currently tenant-occupied. At the rear of the property is a newly constructed two-story ADU building completed in 2026, consisting of two residences totaling approximately 1,330 SF, each offering 2 bedrooms and 2 bathrooms. With separate addresses at 2810 and 2812 Meade Avenue, separate electric meters, private entrances, and modern finishes, these residences offer excellent flexibility and rental potential. The corner-lot configuration truly sets this property apart. With the rear residences separately accessed from Meade Avenue, they feel more like a distinct residential building than traditional backyard ADUs, providing excellent separation and privacy. A private driveway accommodates up to two vehicles. Offering a total of three residences, 7 bedrooms, and 6 bathrooms in one of San Diego’s most desirable rental markets, this property presents a unique opportunity for investors, owner-users, or multigenerational living.

4403 Idaho St, Normal Heights

$2,650,000

5 Beds ⋅ 4 Baths ⋅ PTP2606705 MLS ⋅ Active Status

Discover a furnished, hidden gem perched on the cliffs of the highly sought-after University Heights—a vertical luxury that redefines the concept of an entertainer’s paradise. A highly desirable, secure home with strong defenses and excellent potential for further fortification. With floor-to-ceiling panoramic views from every level, this home is a rare treasure in a market where such unobstructed vistas are a true luxury. From the street, it may appear modest, but step inside, and you’ll be captivated by the expansive views and the impressive scale of the property as it descends three stories into the cliffside. Extensively remodeled with high-end finishes, this residence boasts top-of-the-line upgrades, including professional-grade appliances, a wine cellar, a dry-age meat locker, a full solar system with battery backup, and a new roof and a new split-level AC system in each room. The master suite is a retreat unto itself, featuring sweeping views, a private balcony, and a spa-like bathroom with custom walk-in closets. Four outdoor living spaces spread across three levels make this home an entertainer’s dream, complete with a new California Spa. The lower level offers a self-contained 700 sq. ft. suite, complete with an exterior entrance a kitchen, and a spacious deck, accessible both internally and externally. This versatile space presents excellent income potential or could serve as the perfect game room and home theater. This listing is a rare find and won’t be on the market for long. Be sure to review the full list of upgrades to truly appreciate the craftsmanship and luxury that define this exceptional home. The seller will entertain including partial furnishings. Large backyard to develop, room for your own pickleball court if allowed!

1414 Franciscan Way, San Diego

$1,949,999

260003809SD MLS ⋅ Active Status

Prime Kensington San Diego investment property generating $8,800+ per month with all three units fully occupied by reliable, on-time tenants. This turnkey multi-unit income property in 92116 features a beautifully renovated 4 bedroom, 2 bathroom single-family home in front and a 1 bedroom, 1 bathroom (each) duplex at the rear that all cash flow - ideal for investors seeking strong cash flow or buyers looking to live in one unit and offset the mortgage with rental income. Achieve an estimated 5.5% cap rate with individually metered units, tenants paying utilities, and exceptionally low owner expenses. The property offers rare off-street parking for 8+ vehicles plus a 2-car garage, private patios for each unit. Located in the heart of Kensington, one of San Diego’s most desirable neighborhoods, just steps from Adams Avenue, residents enjoy walkable access to Kensington Cafe, Bleu Bohème, Clem’s Bottle House, boutiques, wine bars, and the historic Ken Cinema. Known for its Spanish Revival architecture, tree-lined streets, and strong rental demand, Kensington properties rarely hit the market. This is a rare opportunity to own a cash-flowing triplex in Kensington San Diego with value-add potential, strong in-place income, and prime location appeal.

4671 73 Terrace Dr, Normal Heights

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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.