VA Approved San Diego Multifamily Homes $700,000 to $800,000

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VA Approved San Diego Multifamily Homes $700,000 to $800,000

Back On Market- No Fault to Seller! Buyer did not perform. Rare opportunity to acquire a multi-unit property situated across a large lot in a unique canyon setting with rear alley accessoffering significant upside potential for investors, builders, or developers.. The property features two units with flexible occupancy, providing immediate opportunity for renovation, repositioning, or redevelopment. The existing improvements reflect deferred maintenance and are being sold as-is, making this an ideal project for those seeking to add value through renovation or explore expansion possibilities (buyer to verify). The lot configuration, privacy, and natural surroundings create a rare setting not commonly found in similar properties, while still being centrally located with convenient access to freeways, shopping, and employment centers. Strong upside in both rental income and long-term development potential. Do not disturb occupants. Back On Market- No Fault to Seller! Buyer did not perform. Rare opportunity to acquire a multi-unit property situated across a large lot in a unique canyon setting with rear alley accessoffering significant upside potential for investors, builders, or developers.. The property features two units with flexible occupancy, providing immediate opportunity for renovation, repositioning, or redevelopment. The existing improvements reflect deferred maintenance and are being sold as-is, making this an ideal project for those seeking to add value through renovation or explore expansion possibilities (buyer to verify). The lot configuration, privacy, and natural surroundings create a rare setting not commonly found in similar properties, while still being centrally located with convenient access to freeways, shopping, and employment centers. Strong upside in both rental income and long-term development potential. Do not disturb occupants.

3211 Menlo, East San Diego

$739,000

3 Beds ⋅ 2 Baths ⋅ 260017476 MLS ⋅ ACTIVE Status ⋅ Chula Vista BLDG.

Rare opportunity in Chula Vista! 1069–1071 Madison Avenue offers a flexible two-unit setup on an oversized lot in a prime location near Gaylord resort, Broadway, Costco, shopping, dining, and everyday conveniences. Originally a 3-bedroom, 2-bath home, the property has been thoughtfully divided into two separate living spaces: a front 2-bedroom, 1-bath unit ($2,500 rent a month) and a rear 1-bedroom, 1-bath unit ($1,600 a month rent). Both units are currently tenant-occupied, offering immediate income potential for investors. For owner-occupant buyers, tenants may be able to vacate prior to close of escrow. The property features updated interiors, included appliances, a large storage shed, and a spacious lot that allows parking for up to eight cars. The rear RV carport includes utility connections for water, sewer, and trash, storage, parking, or flexible future use. This is a rare chance to own two units plus RV parking on one of the larger lots in the area. Whether you are looking to house hack, expand your rental portfolio, or occupy one unit while generating income from the other, this property offers flexibility, location, and opportunity. All appliances convey. White washer and dryer in rear convey; silver washer and dryer do not convey. Some photos have been digitally modified using AI furniture removal to help buyers visualize the space. Buyer to verify all permits, square footage, zoning, unit configuration, rental use, parking, and utility connections prior to close of escrow. Please note proerty is zoned sfr but permitted to split into 2. Permits under docs.

1071-1069 Madison Ave, Chula Vista

$749,900

4 Beds ⋅ 2 Baths ⋅ 260011004 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

Spacious and Updated Duplex-Ideal for Investors or Owner-Occupants! Exceptional opportunity to own a duplex featuring two, generously sized 2 bedroom, 1 bath units. Each unit boasts a bright, modern interior with spacious living areas, updated finishes and a functional layout design. Tenants will love the private outdoor space, with each unit enjoying its own spacious, partially fenced yard-perfect for relaxing, entertaining and gardening. Shared laundry room adds convenience and value for residents. Large lot (over 1/4 acre) with possible potential to add ADU(s). Close proximity to grocery stores, restaurants and freeways.

12429 Julian, Lakeside

$749,999

4 Beds ⋅ 2 Baths ⋅ PTP2606537 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

$750,000

2 Beds ⋅ 2 Baths ⋅ FR26048071 MLS ⋅ ACTIVE Status

EXCELLENT INVESTMENT OPPORTUNITY IN UNIVERSITY HEIGHTS. This 864 sq. ft. duplex sits on a 2,722 sq. ft. lot and consists of two separate 1-bedroom, 1-bathroom apartments, making it an attractive opportunity for investors. The property is located in University Heights, close to the Vermont Street Pedestrian Bridge, as well as numerous shops, restaurants, entertainment venues, and the vibrant Hillcrest neighborhood. It is also conveniently located near several major hospitals and just minutes from popular attractions such as the San Diego Zoo. The upstairs unit is fully remodeled and features fresh paint throughout, new flooring, new gas stove and range hood, upgraded cabinets and counter tops, mirrored closet doors, new ceiling fans and upgraded lighting, new wall heaters, electric washer and dryer hookups, spacious private patio deck, small bedroom balcony and storage shed. The downstairs unit is a fixer opportunity which requires a full remodel but features a large private deck, attached garage, long driveway with parking for up to 4 cars and washer and dryer hookups. Investment Highlights: Both units will be delivered vacant, allowing the buyer to place their own tenants and establish market rents and lease terms. Prime central location near dining, nightlife, medical centers, and major San Diego attractions. EXCELLENT INVESTMENT OPPORTUNITY IN UNIVERSITY HEIGHTS. This 864 sq. ft. duplex sits on a 2,722 sq. ft. lot and consists of two separate 1-bedroom, 1-bathroom apartments, making it an attractive opportunity for investors. The property is located in University Heights, close to the Vermont Street Pedestrian Bridge, as well as numerous shops, restaurants, entertainment venues, and the vibrant Hillcrest neighborhood. It is also conveniently located near several major hospitals and just minutes from popular attractions such as the San Diego Zoo. The upstairs unit is fully remodeled and features fresh paint throughout, new flooring, new gas stove and range hood, upgraded cabinets and counter tops, mirrored closet doors, new ceiling fans and upgraded lighting, new wall heaters, electric washer and dryer hookups, spacious private patio deck, small bedroom balcony and storage shed. The downstairs unit is a fixer opportunity which requires a full remodel but features a large private deck, attached garage, long driveway with parking for up to 4 cars and washer and dryer hookups. Investment Highlights: Both units will be delivered vacant, allowing the buyer to place their own tenants and establish market rents and lease terms. Prime central location near dining, nightlife, medical centers, and major San Diego attractions.

1005 Lincoln Ave, Mission Hills

$765,000

2 Beds ⋅ 1 Baths ⋅ NDP2607359 MLS ⋅ ACTIVE Status

Detached two-unit duplex in San Diego's Shelltown neighborhood, offering a straightforward value-add opportunity for the right buyer. The property includes a 2 bedroom, 1 bath unit and a 1 bedroom, 1 bath unit on a 5,927 SF lot, zoned CN-1-3. Current income sits well below market rent, giving a new owner meaningful upside through rent growth alone, with no rezoning or redevelopment required. The site's zoning also suggests potential capacity for a third unit, subject to City verification of parking, setbacks, and other development standards, along with flexibility for small-scale, neighborhood-serving commercial use. Located less than five miles from Downtown San Diego, with easy access to I-5, the San Diego Trolley Blue Line, and the Route 929 bus. Detached two-unit product like this is increasingly hard to find in this corridor. A full video and photography marketing package, including additional photos, rent roll detail, and property information, is available for interested parties. Contact Ivan Del Muro-Garcia at 619.623.2132 or idmg@lee-associates.com for offering details, or to see what else is currently available in San Diego multifamily. Buyer to independently verify all information including square footage, zoning, year built, and development potential. Detached two-unit duplex in San Diego's Shelltown neighborhood, offering a straightforward value-add opportunity for the right buyer. The property includes a 2 bedroom, 1 bath unit and a 1 bedroom, 1 bath unit on a 5,927 SF lot, zoned CN-1-3. Current income sits well below market rent, giving a new owner meaningful upside through rent growth alone, with no rezoning or redevelopment required. The site's zoning also suggests potential capacity for a third unit, subject to City verification of parking, setbacks, and other development standards, along with flexibility for small-scale, neighborhood-serving commercial use. Located less than five miles from Downtown San Diego, with easy access to I-5, the San Diego Trolley Blue Line, and the Route 929 bus. Detached two-unit product like this is increasingly hard to find in this corridor. A full video and photography marketing package, including additional photos, rent roll detail, and property information, is available for interested parties. Contact Ivan Del Muro-Garcia at 619.623.2132 or idmg@lee-associates.com for offering details, or to see what else is currently available in San Diego multifamily. Buyer to independently verify all information including square footage, zoning, year built, and development potential.

1525-27 S 42nd St, Logan Heights

$799,000

3 Beds ⋅ 3 Baths ⋅ NDP2607694 MLS ⋅ ACTIVE Status

Cash-Flowing 3-Unit Compound in Del Dios $4,600/Mo on Month-to-Month Leases! Maximize your portfolio with this rare and versatile multi-family asset located in the serene hills of Escondido near Lake Hodges. Fully occupied and generating a strong gross monthly revenue of $4,600, this unique 3-unit compound offers an exceptional opportunity for investors or owner-users. All tenants are currently on month-to-month agreements, providing immediate cash flow with the ultimate flexibility to adjust rents to market rate or move into one unit while letting the others pay the mortgage. The Main House: A standalone, charming 900 sf 1-bedroom, 1-bathroom residence that offers an independent house feel, providing premium rental tier value. The Duplex: A detached structure housing two separate, well-designed 1-bedroom, 1-bathroom units.The property sits on a generous lot with mature trees, providing tenants with a peaceful mountain-view backdrop while remaining just minutes from city conveniences, Lake Hodges trails, and commuting routes. Three electric meters, one water meter, no gas or propane. Cash-Flowing 3-Unit Compound in Del Dios $4,600/Mo on Month-to-Month Leases! Maximize your portfolio with this rare and versatile multi-family asset located in the serene hills of Escondido near Lake Hodges. Fully occupied and generating a strong gross monthly revenue of $4,600, this unique 3-unit compound offers an exceptional opportunity for investors or owner-users. All tenants are currently on month-to-month agreements, providing immediate cash flow with the ultimate flexibility to adjust rents to market rate or move into one unit while letting the others pay the mortgage. The Main House: A standalone, charming 900 sf 1-bedroom, 1-bathroom residence that offers an independent house feel, providing premium rental tier value. The Duplex: A detached structure housing two separate, well-designed 1-bedroom, 1-bathroom units.The property sits on a generous lot with mature trees, providing tenants with a peaceful mountain-view backdrop while remaining just minutes from city conveniences, Lake Hodges trails, and commuting routes. Three electric meters, one water meter, no gas or propane.

9704 Del Dios Hwy, Escondido

$799,500

PTP2606234 MLS ⋅ ACTIVE Status

Two detached houses on one 5,897 square foot lot in the Fairmount Village neighborhood of City Heights. The front house is a one bedroom, one bath of approximately 400 sq ft built in 1950. The rear house is a two bedroom, one bath of approximately 1,035 sq ft built in 1924. Both houses include enclosed porch and bonus room areas beyond the recorded square footage. Both houses are vacant and need full renovation, and the property is offered as is. This is a fixer and value add project with ADU potential, suited to investors and developers. The lot is level with alley access, and CUPD-CU-1-2 zoning allows residential and light commercial use. The property is blocks from the University Ave commercial corridor with direct access to the I-15 and SR-94. Easy to show, buyer to verify all information. Two detached houses on one 5,897 square foot lot in the Fairmount Village neighborhood of City Heights. The front house is a one bedroom, one bath of approximately 400 sq ft built in 1950. The rear house is a two bedroom, one bath of approximately 1,035 sq ft built in 1924. Both houses include enclosed porch and bonus room areas beyond the recorded square footage. Both houses are vacant and need full renovation, and the property is offered as is. This is a fixer and value add project with ADU potential, suited to investors and developers. The lot is level with alley access, and CUPD-CU-1-2 zoning allows residential and light commercial use. The property is blocks from the University Ave commercial corridor with direct access to the I-15 and SR-94. Easy to show, buyer to verify all information.

3724-30 Euclid Ave, East San Diego

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