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4204-4208 40th St, East San Diego
$995,000
2 Beds ⋅ 4 Baths ⋅ 260025348 MLS ⋅ ACTIVE Status ⋅ Teralta BLDG.
Now offered at $995,000. Four income-producing units generating $6,775/month in current gross income, including $625/month from the Clear Channel billboard lease. Located on a corner lot directly across from Teralta Park, the property consists of two original units plus two newly constructed ADUs completed in 2024 and currently leased. The unit mix includes two studios and two 1-bedroom units, approximately 320–448 sq ft. One original unit has been recently remodeled, while the remaining original units provide additional opportunity for future improvements. Four separate electric meters provide individual utility metering. With two newer units already completed and leased, existing billboard income, and additional value-add potential, the property offers multiple income streams without the need to build the additional units from the ground up. Commercial zoning may also provide longer-term redevelopment possibilities; buyer to independently verify permitted uses and development potential with the City of San Diego. Centrally located with convenient access to freeways, transit, shopping and employment centers. An opportunity to acquire four units plus billboard income at a price below $1 million. Do not disturb tenants.

4204-4208 40th St, East San Diego

5142 Muir, Ocean Beach (OB)
$1,475,000
3 Beds ⋅ 3 Baths ⋅ OC26227672 MLS ⋅ ACTIVE Status
Prime Ocean Beach Triplex opportunity at 5142-48 Muir Ave! This well-located property is comprised of (2) 1 bedroom / 1 bathroom units, and (1) studio. Both one-bedroom units include a front patio and a private backyard that tenants can enjoy. Ideally situated in the heart of Ocean Beach, just moments from the sand, Dog Beach, Robb Field, local shops, restaurants, and the iconic OB lifestyle. A unique opportunity to own and shape a property in one of San Diegos most sought-after coastal communities. Prime Ocean Beach Triplex opportunity at 5142-48 Muir Ave! This well-located property is comprised of (2) 1 bedroom / 1 bathroom units, and (1) studio. Both one-bedroom units include a front patio and a private backyard that tenants can enjoy. Ideally situated in the heart of Ocean Beach, just moments from the sand, Dog Beach, Robb Field, local shops, restaurants, and the iconic OB lifestyle. A unique opportunity to own and shape a property in one of San Diegos most sought-after coastal communities.

5142 Muir, Ocean Beach (OB)

406-8 S Myers St, Oceanside
$1,749,000
NDP2609700 MLS ⋅ ACTIVE Status
Calling all investors! Just 3 blocks from the beach in South Oceanside, this triplex is located in a walkable coastal neighborhood close to local coffee shops and restaurants. Zoned R-4 for multifamily, the property includes a 2BD/1BA unit of approx. 650 sq.ft. with private outdoor space and two 1BD/1BA units of about 500 sq.ft. each. Lovingly maintained over the years with major system updates. Electric is separately metered per unit and property has a framed laundry space with plumbing and a dedicated water heater in place, ready for a washer and dryer to be added. Two outdoor showers with hot water make rinsing off after the beach easy, and the large driveway offers ample parking for everyone. Live in one and rent the others, or hold all three as income property in the highly sought-after SouthO coastal market. Please DO NOT DISTURB TENANTS. Buyer and buyers agent to verify all information in MLS prior to close of escrow. Calling all investors! Just 3 blocks from the beach in South Oceanside, this triplex is located in a walkable coastal neighborhood close to local coffee shops and restaurants. Zoned R-4 for multifamily, the property includes a 2BD/1BA unit of approx. 650 sq.ft. with private outdoor space and two 1BD/1BA units of about 500 sq.ft. each. Lovingly maintained over the years with major system updates. Electric is separately metered per unit and property has a framed laundry space with plumbing and a dedicated water heater in place, ready for a washer and dryer to be added. Two outdoor showers with hot water make rinsing off after the beach easy, and the large driveway offers ample parking for everyone. Live in one and rent the others, or hold all three as income property in the highly sought-after SouthO coastal market. Please DO NOT DISTURB TENANTS. Buyer and buyers agent to verify all information in MLS prior to close of escrow.

406-8 S Myers St, Oceanside

6080-82 Horton, La Mesa
$949,000
4 Beds ⋅ 2 Baths ⋅ 260025288 MLS ⋅ ACTIVE Status ⋅ La Mesa BLDG.
Located in the desirable East County pocket of La Mesa within the Severin Manor neighborhood, 6080-82 Horton Drive presents an exceptional investment opportunity. Built in 1953, this single-story duplex spans 1,440 square feet of total living space on an expansive 9,125-square-foot lot zoned R-2. The property features a highly flexible layout with built-in garages for each unit and an ideal unit mix. Currently, unit 6082 is generating a reliable $1,950 per month in rental income, while the vacant, move-in-ready unit provides the ultimate flexibility—allowing an owner-occupant to offset their mortgage or an investor to immediately capture top-of-market rents. Positioned just moments from local schools, parks, and major commuter corridors, this asset combines low-maintenance single-story living with strong long-term upside in a prime San Diego submarket.

6080-82 Horton, La Mesa

3857 Kendall St, Pacific Beach/Mission Beach
$5,888,000
9 Beds ⋅ 8 Baths ⋅ 260025215 MLS ⋅ ACTIVE Status ⋅ Complex BLDG.
3857–61 Kendall Street presents an exceptional opportunity to acquire four luxury coastal residences in Crown Point, one of San Diego’s most desirable and supply-constrained residential enclaves. Combining newly constructed front residences with a comprehensively renovated rear duplex, the property pairs sophisticated contemporary design with an extraordinary investment in materials, craftsmanship, and technology. Originally conceived as the owner’s personal residence and a long-term pride-of-ownership asset, Kendall was developed with a level of care and customization rarely found in the two- to four-unit market. The owner’s investment extended substantially beyond the original budget, resulting in a residential experience distinguished by Thermador appliances, custom cabinetry and closets, Italian tile, Brizo fixtures, Mitsubishi in-ceiling HVAC, automated shades, and solar power. Four private garages with EV charging further elevate the property’s appeal, delivering convenience and amenities seldom available in a coastal multifamily setting. A subsequent change in the owner’s occupancy plans now brings this meticulously executed property to market. The flagship three-bedroom, two-bath residence anchors the offering, providing an exceptional opportunity for a purchaser seeking a premier coastal home with substantial supplementary rental income. Currently leased at $11,000 per month, this residence includes a purchaser occupancy provision allowing for availability on 60 days’ notice, subject to the lease terms and applicable requirements. The remaining three residences are leased at premium rents, and the property’s leasing history has demonstrated strong demand, with multiple residences securing rents at or above asking shortly after launch. At full stabilization, the property generates approximately $30,750 per month, or $369,000 annually, in gross rental income. This income profile supports two compelling ownership strategies: retain all four residences as a trophy rental investment, or occupy the flagship residence while rental income from the other three meaningfully offsets ownership costs. As a four-residence property, Kendall may also qualify for conventional residential financing, subject to borrower qualifications and lender requirements, broadening its appeal to both investors and owner-users. With its exceptional finishes, demonstrated rental demand, and flexible ownership options, 3857–61 Kendall Street offers a distinctive opportunity to own a luxury coastal asset in the heart of Crown Point.

3857 Kendall St, Pacific Beach/Mission Beach

3552-56 West St, Lemon Grove
$899,000
4 Beds ⋅ 3 Baths ⋅ 260025209 MLS ⋅ ACTIVE Status ⋅ Na BLDG.
Welcome, investors and savvy buyers! Fantastic opportunity to own a three-unit property featuring two spacious 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit, all within one building. Each unit offers a well laid out generously sized floor plan and its own private yard space, adding to the property's appeal. Floor plans are available in the listing photos for your review. Off street parking available for all units. All three units are currently tenant-occupied, with additional lease details and financial information available to serious, qualified buyers. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer exploring the potential of living in one unit while generating rental income from the others, this property offers incredible possibilities! Conveniently located on a quiet street with easy freeway access, this is an opportunity you won't want to miss. Great location, income potential, and plenty of possibilities to make this property your own!

3552-56 West St, Lemon Grove

154-56 Phoebe St, Encinitas
$5,795,000
6 Beds ⋅ 6 Baths ⋅ 260025208 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.
A truly unique opportunity in the heart of Leucadia, this exceptional property features two homes on one beautifully landscaped, large, flat lot west of the 101. With six total bedrooms between the two residences, multiple outdoor living spaces, private yards, and an incredibly flexible layout, this is the kind of property that is hard to replicate this close to the coast. Each home has its own personality. One features a warm, modern-coastal style with rich flooring, architectural details, an entertainer’s kitchen, and an incredible rooftop deck with an outdoor kitchen, dining area, fire pit, shade sail, and sea-view lifeguard chairs. The second has a light, farmhouse-inspired feel with French oak floors, custom built-ins, quartz counters, oversized windows, and a bright, open layout. The outdoor spaces are just as special. A private grassy backyard includes a built-in BBQ area, multiple covered patios, an outdoor shower, a new four-person sauna, and an adorable custom-built kids’ playhouse. A finished garage with an additional full bath adds even more versatility and works perfectly as a home office, gym, studio, guest space, or bonus room. Walk to Beacon’s Beach for a surf or sunset, then stroll to some of the neighborhood’s best restaurants, coffee shops, boutiques, and bars. Whether you envision a multigenerational setup, living in one home while generating income from the other, or simply want an amazing coastal compound with room for family and friends, this is a rare chance to own something truly special in one of North County’s most desirable beach communities.

154-56 Phoebe St, Encinitas

2415 Van Ness Ave, National City
$749,000
5 Beds ⋅ 3 Baths ⋅ PTP2607847 MLS ⋅ ACTIVE Status
Sitting on .33 of an acre. This income-generating multi-unit property is a fantastic opportunity for investors or owner-occupants looking to build wealth with the potential to live in one unit while renting out the others and maximize your investment. Conveniently located in the heart of National City, close to shopping, dining, schools, public transportation, and major freeways. Bring your contractor and your vision. Dont miss your opportunity to own an income-producing property in a highly desirable and booming location! Sitting on .33 of an acre. This income-generating multi-unit property is a fantastic opportunity for investors or owner-occupants looking to build wealth with the potential to live in one unit while renting out the others and maximize your investment. Conveniently located in the heart of National City, close to shopping, dining, schools, public transportation, and major freeways. Bring your contractor and your vision. Dont miss your opportunity to own an income-producing property in a highly desirable and booming location!

2415 Van Ness Ave, National City

5572 Foxtail Loop, Carlsbad
$1,699,000
4 Beds ⋅ 4 Baths ⋅ NDP2609646 MLS ⋅ ACTIVE Status
Live in the main home and let the private ADU help offset your mortgage. This gated Carlsbad property in The Terraces at Sunny Creek offers approximately 2,563 square feet of combined living space, including a one bedroom, one bathroom casita or granny flat with its own private entrance, full kitchen, and living area. Similar ADUs in the community have rented for approximately $3,000 per month, offering potential income for an owner occupant or a private space for multigenerational living, extended family, guests, or a home office. The main residence features three bedrooms, two and a half bathrooms, comfortable gathering and entertaining spaces, and a primary suite with panoramic hillside views. Enjoy private outdoor space and community amenities including a playground, dog park, RV and boat storage, and annual Fourth of July parades and summer picnics. Conveniently located in the Carlsbad Unified School District, near beaches, shopping, golf, Legoland, Carlsbad Village, and major freeways, this flexible property offers a range of possibilities in a sought after Carlsbad community. Now offered at $1,699,000 after a $51,000 price improvement, giving buyers added flexibility to personalize the home over time. Come experience the private ADU and flexible layout in person. Schedule a showing today. Live in the main home and let the private ADU help offset your mortgage. This gated Carlsbad property in The Terraces at Sunny Creek offers approximately 2,563 square feet of combined living space, including a one bedroom, one bathroom casita or granny flat with its own private entrance, full kitchen, and living area. Similar ADUs in the community have rented for approximately $3,000 per month, offering potential income for an owner occupant or a private space for multigenerational living, extended family, guests, or a home office. The main residence features three bedrooms, two and a half bathrooms, comfortable gathering and entertaining spaces, and a primary suite with panoramic hillside views. Enjoy private outdoor space and community amenities including a playground, dog park, RV and boat storage, and annual Fourth of July parades and summer picnics. Conveniently located in the Carlsbad Unified School District, near beaches, shopping, golf, Legoland, Carlsbad Village, and major freeways, this flexible property offers a range of possibilities in a sought after Carlsbad community. Now offered at $1,699,000 after a $51,000 price improvement, giving buyers added flexibility to personalize the home over time. Come experience the private ADU and flexible layout in person. Schedule a showing today.

5572 Foxtail Loop, Carlsbad

1671-73 Donax Ave, Otay Mesa
$995,000
PTP2607843 MLS ⋅ ACTIVE Status
Opportunity Awaits at 16711673 Donax Ave! Discover the potential of this versatile property, offering opportunities for renovation, value enhancement, and future expansion. Situated on a spacious lot, the property features two existing homes, separate utility meters., mature fruit trees, and two separate two-car garages. The front house features 3 bedrooms, 2 bathrooms, a bonus room, and a dedicated laundry room. This home needs remodeling, making it an excellent opportunity for buyers looking to renovate and add value. The back house, built in 1990, offers 3 bedrooms, 2 bathrooms, a two-car garage, and laundry facility located in the 2 car garage. Buyers may explore the possibility of adding additional units, subject to city approval. Ideally situated near Imperial Beach, local parks, and schools, this property presents an exciting opportunity for investors, developers, or buyers looking to unlock its long-term potential. Opportunity Awaits at 16711673 Donax Ave! Discover the potential of this versatile property, offering opportunities for renovation, value enhancement, and future expansion. Situated on a spacious lot, the property features two existing homes, separate utility meters., mature fruit trees, and two separate two-car garages. The front house features 3 bedrooms, 2 bathrooms, a bonus room, and a dedicated laundry room. This home needs remodeling, making it an excellent opportunity for buyers looking to renovate and add value. The back house, built in 1990, offers 3 bedrooms, 2 bathrooms, a two-car garage, and laundry facility located in the 2 car garage. Buyers may explore the possibility of adding additional units, subject to city approval. Ideally situated near Imperial Beach, local parks, and schools, this property presents an exciting opportunity for investors, developers, or buyers looking to unlock its long-term potential.

1671-73 Donax Ave, Otay Mesa

6319 Electric, La Jolla
$2,475,000
2 Beds ⋅ 2 Baths ⋅ 260023593 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.
Two detached residences with separate street addresses—6319 Electric Avenue and 6320 Dowling Drive—are offered together on one parcel in La Jolla Gables. Near Windansea Beach and La Jolla’s shops and restaurants, the property offers an opportunity to own a coastal rental property and explore future possibilities, subject to buyer investigation and applicable approvals. Dowling Drive interior photos were taken approximately 2½ years ago and may not reflect its current condition. Income and expense figures are approximate. Buyer and buyer’s agent to independently verify property condition, square footage, permits, zoning, permitted uses, and any development potential. Located in the La Jolla Gables subdivision, this offering includes 6319 Electric Avenue and 6320 Dowling Drive on a single parcel. The two residences have separate street addresses and are being offered together. The coastal location places the property near Windansea Beach and the shops and restaurants of La Jolla. The property may appeal to buyers considering an existing rental holding or exploring longer-term plans for the site. No additional unit count or redevelopment outcome is represented. Buyers should independently investigate the property, title, zoning, permits, applicable regulations, and feasibility of their intended use.

6319 Electric, La Jolla

3319-21 Columbia St, Mission Hills
$1,495,000
5 Beds ⋅ 2 Baths ⋅ 260025156 MLS ⋅ ACTIVE Status ⋅ San Diego BLDG.
Discover this remarkably maintained two-story duplex, originally built in 1933 and carefully preserved both inside and out. The updated units are currently occupied by excellent, long-term tenants, offering immediate rental income and a smooth transition for the next owner. The exterior is clean, well-kept, and presents beautifully, while the oversized lot provides ample space to garden, relax, or explore future possibilities—including the potential to add one or more ADUs in the rear. Whether you’re looking for a solid turnkey investment or a property with room to grow, this classic duplex delivers character, reliability, and opportunity. Don’t miss the chance to see everything it has to offer.

3319-21 Columbia St, Mission Hills

3365 State St, Mission Hills
$2,299,000
5 Beds ⋅ 4 Baths ⋅ 260025118 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.
Sweeping views of San Diego Bay, Ocean, & the Downtown skyline take center stage with a distinctive Streamline Moderne-inspired duplex perched in the highly sought-after South Mission Hills neighborhood. Blending timeless architectural character with an exceptional hillside setting, this 2-story property offers a rare opportunity to enjoy some of San Diego's most captivating scenery while remaining just minutes from the city's best dining, entertainment, & cultural destinations. Prominently situated on a corner lot at State St and West Thorn St, the property features two separately addressed residences, each with its own private entrance and unique personality. 3365 State St, the spacious lower residence, offers 3 bedrooms, 2 bathrooms, & a separate dining room. Rich in vintage charm, the home showcases original hardwood floors, a dramatic sunken living room with a working fireplace, classic built-ins, and beautifully preserved period bathroom tile. 1341 W Thorn St, the stunning upper residence, features 2 bedrooms, 1.75 bathrooms, and spectacular west-facing views. An expansive outdoor terrace and additional private balcony provide front-row seats to breathtaking sunsets, sparkling bay waters, ocean vistas, and the ever-changing Downtown San Diego skyline. Whether enjoying morning coffee or entertaining beneath the evening sky, the views create an unforgettable backdrop. Additional highlights include a generous basement bonus area with exterior windows, ideal for a creative studio, workshop, home office, or fitness space. See supplement for more details.... The fully fenced and gated backyard offers inviting outdoor gathering areas with two fire pits, while two detached garages accommodate up to three vehicles. The location is equally impressive. Nestled in South Mission Hills, this impressive home places you moments from the celebrated restaurants & cafés of Mission Hills, the vibrant dining scene of Little Italy, & the shopping and nightlife of Hillcrest. Downtown San Diego, the Embarcadero waterfront, Balboa Park, Old Town, and San Diego International Airport are all conveniently nearby, making this an exceptional home base for experiencing the very best of San Diego. With both residences currently tenant-occupied and generating rental income, this property presents a compelling opportunity for investors seeking a distinctive income property with potential for future rental growth.

3365 State St, Mission Hills

269 Elder Ave, Imperial Beach
$1,595,000
7 Beds ⋅ 5 Baths ⋅ 260025115 MLS ⋅ ACTIVE Status
Pleased to present 269 Elder Avenue, a five-unit multifamily property located along the Imperial Beach coastline, just two blocks from the beach and Imperial Beach Pier. Built in 1972, the property features a mix of one- and two-bedroom units with spacious layouts, large walk-in closets, and one dedicated parking space per unit. Recent improvements include updated kitchen appliances, kitchen and bathroom finishes, vinyl flooring, and new shared laundry facilities. Offering a strong in-place cap rate, 269 Elder Avenue provides investors with immediate cash flow and additional upside through future improvements and rental growth. Its coastal location offers residents convenient access to the beach, restaurants, shops, and recreation.

269 Elder Ave, Imperial Beach

6327-1/2 Brooklyn Ave, Encanto
$849,999
4 Beds ⋅ 2 Baths ⋅ PTP2607808 MLS ⋅ ACTIVE Status
**SELLER MOTIVATED** PRICED TO SELL! APPROVED 2 ADDITIONAL ADU PLANS! Seller offering credits that may be used toward an interest RATE BUY DOWN, potentially resulting in rates AS LOW AS 4.99% for qualified buyers, or toward closing costs. May qualify for first-time homebuyer assistance programs and grants for eligible buyers. Contact agent for details. Fully remodeled, turnkey duplex featuring two 2-bedroom, 1-bath units with updated kitchens, remodeled bathrooms, new flooring, fresh paint, and modern fixtures throughout. Property includes approved plans for two additional ADUs (approximately 1,200 sq. ft. and 800 sq. ft.), creating an incredible opportunity for added rental income and long-term value. Ideal for investors seeking strong income potential or owner-occupants looking to live in one unit while offsetting their mortgage with rental income. The approved ADU plans provide a rare opportunity to expand your portfolio and maximize future cash flow without the uncertainty of obtaining approvals. Conveniently located near shopping, dining, schools, public transportation, and major freeways. Move-in ready with significant upside potential, making this a unique opportunity for both immediate income and long-term growth. **SELLER MOTIVATED** PRICED TO SELL! APPROVED 2 ADDITIONAL ADU PLANS! Seller offering credits that may be used toward an interest RATE BUY DOWN, potentially resulting in rates AS LOW AS 4.99% for qualified buyers, or toward closing costs. May qualify for first-time homebuyer assistance programs and grants for eligible buyers. Contact agent for details. Fully remodeled, turnkey duplex featuring two 2-bedroom, 1-bath units with updated kitchens, remodeled bathrooms, new flooring, fresh paint, and modern fixtures throughout. Property includes approved plans for two additional ADUs (approximately 1,200 sq. ft. and 800 sq. ft.), creating an incredible opportunity for added rental income and long-term value. Ideal for investors seeking strong income potential or owner-occupants looking to live in one unit while offsetting their mortgage with rental income. The approved ADU plans provide a rare opportunity to expand your portfolio and maximize future cash flow without the uncertainty of obtaining approvals. Conveniently located near shopping, dining, schools, public transportation, and major freeways. Move-in ready with significant upside potential, making this a unique opportunity for both immediate income and long-term growth.

6327-1/2 Brooklyn Ave, Encanto

4334 Voltaire St, Ocean Beach (OB)
$1,295,000
4 Beds ⋅ 3 Baths ⋅ 260025075 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.
Well located in between Ocean Beach and Point Loma, 4334 Voltaire Street is a three (3) unit multifamily property, within two blocks from neighborhood dining options such as Leucadia Pizzeria, Pop Pie Co., and Michelin awarded Cesarina, as well as Bill Cleator Park and Collier Park, with easy freeway access and close proximity to the beach. The main house is a bright and airy two-bedroom/one-bathroom residence with an expansive elevated balcony and exclusive access to a large enclosed grassy yard, as well as a two-car garage. This ‘owner’s unit’ (to be delivered vacant) features luxury vinyl plank flooring and an updated kitchen with stone countertops and a full appliance package. This main home boasts a spacious, private, fully fenced front patio with gated entry, and has washer/dryer hookups in the garage. Below the main house is a one-bedroom/one-bathroom apartment at the basement level, with its own side-door access. Additionally, there is a detached studio apartment with its own private fenced patio, near the rear of the lot. With lots of backyard space available, an opportunity exists to build an ADU at the rear portion of the lot. This is a great option for an owner/operator to live in the front house and gain rental income from the other two existing units, while considering adding an ADU for additional future income, at a great coastal location, close to all that Ocean Beach and Point Loma have to offer.

4334 Voltaire St, Ocean Beach (OB)

1256 N 1st, El Cajon
$1,300,000
260025058 MLS ⋅ ACTIVE Status
PRIME COMMERCIAL PROPERTY & MIXED-USE DEVELOPMENT OPPORTUNITY – EL CAJON! Excellent investment opportunity located at 1256 N. 1st Street, El Cajon, CA 92021. Approximately 11,204 Sq. Ft. (0.257 acres) with reported C-36 commercial zoning, offering potential for various commercial uses. Conveniently located near Greenfield Drive and North 1st Street, just minutes from Interstate 8, shopping centers, businesses, and residential neighborhoods. The owner has proposed plans for mixed-use development featuring retail spaces and residential apartments, subject to city approval. Ideal for investors, developers, or business owners seeking a prime East County location with long-term investment potential. Buyer to verify zoning, permitted uses, development feasibility, property information, and all required city approvals.

1256 N 1st, El Cajon

4217-21 3rd Ave, Mission Hills
$2,500,000
5 Beds ⋅ 4 Baths ⋅ PTP2607788 MLS ⋅ ACTIVE Status
Easy to show and ready to sell. Four units are currently vacant and have been freshly renovated, offering immediate lease-up potential. An ideal opportunity for investors seeking a property suitable for a 1031 tax-deferred exchange. These newly renovated units in Hillcrest are not to be missed. Located at 421721 3rd Avenue, this five-unit multifamily property is situated in San Diegos rapidly evolving Hillcrest neighborhood and spans more than 3,900 square feet. Each unit features recent upgrades and in-unit laundry facilities, providing added convenience for residents. The property consists of two buildings: a two-story fourplex and a detached, single-level two-bedroom, one-bath home. This competitively priced investment presents a rare opportunity for an owner-occupant or investor to capitalize on long-term growth in a high-demand rental market. Its proximity to grocery stores, restaurants, hospitals, major roadways, and the beach further enhances its appeal. Enjoy the best of Hillcrest living while generating rental income, with excellent potential for repositioning and long-term appreciation. Easy to show and ready to sell. Four units are currently vacant and have been freshly renovated, offering immediate lease-up potential. An ideal opportunity for investors seeking a property suitable for a 1031 tax-deferred exchange. These newly renovated units in Hillcrest are not to be missed. Located at 421721 3rd Avenue, this five-unit multifamily property is situated in San Diegos rapidly evolving Hillcrest neighborhood and spans more than 3,900 square feet. Each unit features recent upgrades and in-unit laundry facilities, providing added convenience for residents. The property consists of two buildings: a two-story fourplex and a detached, single-level two-bedroom, one-bath home. This competitively priced investment presents a rare opportunity for an owner-occupant or investor to capitalize on long-term growth in a high-demand rental market. Its proximity to grocery stores, restaurants, hospitals, major roadways, and the beach further enhances its appeal. Enjoy the best of Hillcrest living while generating rental income, with excellent potential for repositioning and long-term appreciation.

4217-21 3rd Ave, Mission Hills

5206 La Paz Dr, Encanto
$1,100,000
PTP2607784 MLS ⋅ ACTIVE Status
INCREDIBLE INCOME-PRODUCING OPPORTUNITY! Welcome to 5206 La Paz Dr, a versatile property offering exceptional flexibility, multiple living spaces, and impressive rental income potential! Featuring a 3-bedroom, 1-bath main residence, a separate 2-bedroom, and an additional studio with a full bathroom, this property offers three distinct living spaces, each equipped with its own washer and dryer for added convenience and privacy. Previously generating approximately $8,750 per month in combined rental income, this property presents an exciting opportunity for investors looking to expand their portfolio or homeowners interested in offsetting their mortgage with rental income. That's approximately $105,000 in potential annual gross income based on its previous rental performance! Adding even more value are two individual one-car garages, offering additional storage, parking, or potential rental income opportunities. Whether you're looking for a multigenerational living arrangement, a property to accommodate extended family, or an investment with multiple income streams, this property offers outstanding versatility. LIVE IN ONE, RENT THE OTHERS, AND LET YOUR PROPERTY WORK FOR YOU! Opportunities offering this combination of living space, flexibility, and income potential don't come around often. Schedule your private showing today! INCREDIBLE INCOME-PRODUCING OPPORTUNITY! Welcome to 5206 La Paz Dr, a versatile property offering exceptional flexibility, multiple living spaces, and impressive rental income potential! Featuring a 3-bedroom, 1-bath main residence, a separate 2-bedroom, and an additional studio with a full bathroom, this property offers three distinct living spaces, each equipped with its own washer and dryer for added convenience and privacy. Previously generating approximately $8,750 per month in combined rental income, this property presents an exciting opportunity for investors looking to expand their portfolio or homeowners interested in offsetting their mortgage with rental income. That's approximately $105,000 in potential annual gross income based on its previous rental performance! Adding even more value are two individual one-car garages, offering additional storage, parking, or potential rental income opportunities. Whether you're looking for a multigenerational living arrangement, a property to accommodate extended family, or an investment with multiple income streams, this property offers outstanding versatility. LIVE IN ONE, RENT THE OTHERS, AND LET YOUR PROPERTY WORK FOR YOU! Opportunities offering this combination of living space, flexibility, and income potential don't come around often. Schedule your private showing today!

5206 La Paz Dr, Encanto

340 Pleasant Way, San Marcos
$850,000
2 Beds ⋅ 1 Baths ⋅ NDP2609564 MLS ⋅ ACTIVE Status
340 Pleasant Way is a multifamily development opportunity located in central San Marcos. The property consists of a two-bedroom, one-bathroom single-family residence of approximately 725 square feet, built in 1940, situated on a 12,182 square foot lot. The property is zoned R-3-10, San Marcos' medium-density multifamily designation, which provides for development at 12.1 to 20 dwelling units per acre. The City has indicated a base potential of up to five residential units, with additional upside available through state density bonus provisions. True potential to maximize property and profit could be up to 6 townhomes and 2 ADUs. Zoning being flexible with alternative usage in San Marcos; potentially assisted living facility as an example. Buyer to get approved with City of San Marcos. This site represents a rare infill opportunity in a submarket defined by strong rental demand and limited supply of developable land. Neighboring parcels are already improved with multifamily product, and the location offers direct access to the State Route 78 corridor, Palomar College and California State University San Marcos. With favorable zoning in place, an existing residence capable of generating income throughout the entitlement period, and few comparable sites available in the submarket, 340 Pleasant Way should be valued as a development site rather than as a single-family home. 340 Pleasant Way is a multifamily development opportunity located in central San Marcos. The property consists of a two-bedroom, one-bathroom single-family residence of approximately 725 square feet, built in 1940, situated on a 12,182 square foot lot. The property is zoned R-3-10, San Marcos' medium-density multifamily designation, which provides for development at 12.1 to 20 dwelling units per acre. The City has indicated a base potential of up to five residential units, with additional upside available through state density bonus provisions. True potential to maximize property and profit could be up to 6 townhomes and 2 ADUs. Zoning being flexible with alternative usage in San Marcos; potentially assisted living facility as an example. Buyer to get approved with City of San Marcos. This site represents a rare infill opportunity in a submarket defined by strong rental demand and limited supply of developable land. Neighboring parcels are already improved with multifamily product, and the location offers direct access to the State Route 78 corridor, Palomar College and California State University San Marcos. With favorable zoning in place, an existing residence capable of generating income throughout the entitlement period, and few comparable sites available in the submarket, 340 Pleasant Way should be valued as a development site rather than as a single-family home.

340 Pleasant Way, San Marcos

1221 Dorcas St, Old Town
$1,699,000
21 Beds ⋅ 20 Baths ⋅ 260024974 MLS ⋅ ACTIVE Status
Morena Lofts is a nine-unit ground-up residential development planned for a 12,500 SF infill lot at 1221 Dorcas Street in San Diego. The plans include approximately 10,682 SF of living space across nine two- and three-bedroom homes, along with 11 on-site parking spaces and about 859 SF of private decks. The unit mix consists of six 950 SF 2BR/2BA ADUs arranged in three stacked pairs, two 1,750 SF three-story 3BR/2.5BA townhome-style residences, and one 1,482 SF two-story 3BR/2BA residence. Every home includes in-unit laundry. The permit set was submitted to the City of San Diego on 9/16/2024 and is pending approval. Unit count, design and fees remain subject to City review. Buyers and their agents should independently verify all information.

1221 Dorcas St, Old Town

4576-4582 Felton St, Normal Heights
$2,300,000
5 Beds ⋅ 5 Baths ⋅ PTP2607746 MLS ⋅ ACTIVE Status
Rare 7-unit Normal Heights offering with the heavy lifting done. Two detached buildings on one lot: a 1926 Spanish-style 2BD/2BA single-family home, fully renovated in 2022, with its own detached garage and private fenced yard, plus a brand-new two-story building of six units completed in 2026 (two 2BD/2BA and four 1BD/1BA). The new units feature private entries, ductless mini-split A/C, tankless water heaters, quartz counters, electric ranges, fire sprinklers and individual water sub-meters. Six of seven units are leased at 2026 market rents, and one unit is ready to lease. Currently operating at a 5.64% cap rate, with the potential to reach 6.60% once stabilized. New construction means little deferred maintenance, and the new units may be exempt from AB 1482 rent caps (buyer to verify). Walk to the cafes, restaurants and shops of Adams Ave, minutes to North Park, I-805 and I-8. Rare 7-unit Normal Heights offering with the heavy lifting done. Two detached buildings on one lot: a 1926 Spanish-style 2BD/2BA single-family home, fully renovated in 2022, with its own detached garage and private fenced yard, plus a brand-new two-story building of six units completed in 2026 (two 2BD/2BA and four 1BD/1BA). The new units feature private entries, ductless mini-split A/C, tankless water heaters, quartz counters, electric ranges, fire sprinklers and individual water sub-meters. Six of seven units are leased at 2026 market rents, and one unit is ready to lease. Currently operating at a 5.64% cap rate, with the potential to reach 6.60% once stabilized. New construction means little deferred maintenance, and the new units may be exempt from AB 1482 rent caps (buyer to verify). Walk to the cafes, restaurants and shops of Adams Ave, minutes to North Park, I-805 and I-8.

4576-4582 Felton St, Normal Heights

2743-45 Wilma St, National City
$1,395,000
7 Beds ⋅ 4 Baths ⋅ 260024934 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.
Exceptional investment opportunity featuring two newly completed residences on one lot, each with its own address, parking, and strong income potential. With construction just completed, both homes are move-in ready and offer the rare opportunity to acquire a turnkey property with immediate occupancy and minimal maintenance concerns. The front residence, 2743 Wilma Street, offers 3 bedrooms, 2 bathrooms, and approximately 1,430 square feet of modern living space. The rear residence, 2745 Wilma Street, is a newly constructed 4-bedroom, 2-bathroom ADU spanning approximately 1,200 square feet. Each home includes two dedicated tandem parking spaces, providing a total of four off-street parking spaces. Thoughtfully designed for owner-occupants, multigenerational households, or investors, both homes feature contemporary finishes, efficient floor plans, and the benefits of brand-new construction. Whether living in one residence and renting the other or maximizing income by leasing both, the property offers exceptional flexibility and long-term value. Situated in a convenient National City location, residents enjoy easy access to Interstate 5, Interstate 805, and State Route 54, connecting them to Downtown San Diego, Naval Base San Diego, Chula Vista, and beyond. The property is located near shopping centers, restaurants, schools, parks, healthcare facilities, and public transportation. National City's continued growth and redevelopment, combined with its central location and strong rental demand, make this an attractive opportunity for both investors and owner-users.

2743-45 Wilma St, National City

5388 Imperial Ave, Encanto
$1,150,000
8 Beds ⋅ 4 Baths ⋅ 260024929 MLS ⋅ ACTIVE Status ⋅ Na BLDG.
Matthews is pleased to exclusively present a well-maintained 4-Unit property in Valencia Park. 5388 Imperial Ave is a four-unit multifamily property built in 1973 on a ±4,428 SF lot in the Valencia Park neighborhood of Southeast San Diego. The building spans ±3,290 gross square feet across a uniform unit mix of four 2-bedroom/1-bathroom units averaging ±800 SF each, giving the asset a consistent, easy-to-manage floor plan and a tenant base with similar space needs. The property also shares a coin operated common laundry room generating significant added income. Zoned RM-3-7 for multifamily residential use, the property sits on a fenced, gated lot with a private courtyard, 5 dedicated off-street parking for residents, and a stone-and-stucco exterior consistent with the surrounding streetscape. Its location places it within walking distance of Imperial Avenue retail and transit corridor, offering tenants convenient access to bus service and nearby daily amenities while remaining close to Downtown San Diego, National City, and the broader Southeast San Diego employment base. The combination of small, efficient units, low per-unit operating costs, and a below-market in-place rent roll positions the property as a straightforward value-add opportunity for a buyer looking to bring rents to the area's prevailing market levels over time.

5388 Imperial Ave, Encanto

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