VA Approved San Diego Multifamily Homes $900,000 to $1 Million

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VA Approved San Diego Multifamily Homes $900,000 to $1 Million

$900,000
PTP2606750 MLS ⋅ ACTIVE Status
Welcome to this versatile duplex offering an excellent opportunity for extended-family living or additional rental income. Both units were remodeled approximately 4 years ago, and the property features a nice-sized lot with plenty of potential. Live in one unit while renting the second, or enjoy the flexibility of having family nearby while maintaining separate living spaces. Conveniently located near shopping centers, major freeways, and easy access to Highways 125 and 905. A great opportunity for investors, multi-generational families, or buyers looking to offset their housing expenses with rental income. Dont miss this opportunity! Welcome to this versatile duplex offering an excellent opportunity for extended-family living or additional rental income. Both units were remodeled approximately 4 years ago, and the property features a nice-sized lot with plenty of potential. Live in one unit while renting the second, or enjoy the flexibility of having family nearby while maintaining separate living spaces. Conveniently located near shopping centers, major freeways, and easy access to Highways 125 and 905. A great opportunity for investors, multi-generational families, or buyers looking to offset their housing expenses with rental income. Dont miss this opportunity!

1575-77 Skyline Dr, Lemon Grove
$935,900
2 Beds ⋅ 2 Baths ⋅ 260010703 MLS ⋅ ACTIVE Status ⋅ Logan Heights BLDG.
Presenting an exceptional income-generating opportunity to own a duplex + Studio. Just few minutes from downtown San Diego! Situated in the highly sought-after Logan Heights neighborhood, this meticulously maintained property features a spacious 3-bedroom front unit and a charming small unit in the rear with alley access + 1 more studio—ideal for generating rental income while residing in one of the units. Zoned R-4, this duplex is also located within an Opportunity Zone, offering significant potential for future appreciation. With a prime location just steps away from the vibrant array of restaurants, breweries, and artistic venues in the area, this property is perfect for both seasoned investors and first-time buyers looking to expand their real estate portfolio. Don't miss this rare opportunity to own in one of San Diego's most dynamic neighborhoods!

1845-47 Julian Ave, Logan Heights
$938,000
4 Beds ⋅ 2 Baths ⋅ 260018456 MLS ⋅ ACTIVE Status
Looking for your next opportunity? Adorable duplex now for sale, has back lot for possible ADU potential. Long term tenants in place, front unit has newer dual pane windows. Let your imagination take flight and turn these units into your dream!

4251-53 Pepper Dr, East San Diego
$940,000
4 Beds ⋅ 3 Baths ⋅ 260021762 MLS ⋅ ACTIVE Status ⋅ Na BLDG.
Situated on a large 0.4-acre lot, this unique property features two detached residences with strong in-place income. The main residence is an oversized approximately 1,500 SF 3BR/2BA, complemented by a spacious detached 1BR/1BA with garage. With $77,100 in actual GSI, two garages, ample lot area, and two separate homes, the property is well positioned for an investor seeking solid current income or an owner-user looking for flexibility and additional rental income.

3860-62 American Ave, La Mesa
$949,000
3 Beds ⋅ 2 Baths ⋅ PTP2606567 MLS ⋅ ACTIVE Status ⋅ Duplex BLDG.
An incredible investment opportunity in Alpine! This income-producing duplex in Alpine presents a compelling investment opportunity with two spacious units, one upstairs and one downstairs, designed to maximize rental appeal and long-term investment potential. Each unit features 3 bedrooms and 2 bathrooms, along with desirable tenant amenities including in-unit laundry, dual-pane windows, and central heating and air conditioning. Both units offer designated parking, plus loads of additional off-street parking for residents and guests. Both units have access to private and gated back yard patio areas. New roof in 2020. This property offers investors an attractive opportunity to add a versatile income producing asset to their portfolio. Dont miss this one! Reach out to schedule an appointment! An incredible investment opportunity in Alpine! This income-producing duplex in Alpine presents a compelling investment opportunity with two spacious units, one upstairs and one downstairs, designed to maximize rental appeal and long-term investment potential. Each unit features 3 bedrooms and 2 bathrooms, along with desirable tenant amenities including in-unit laundry, dual-pane windows, and central heating and air conditioning. Both units offer designated parking, plus loads of additional off-street parking for residents and guests. Both units have access to private and gated back yard patio areas. New roof in 2020. This property offers investors an attractive opportunity to add a versatile income producing asset to their portfolio. Dont miss this one! Reach out to schedule an appointment!

1964 Arnold Way, Alpine
$949,900
3 Beds ⋅ 3 Baths ⋅ 260022142 MLS ⋅ ACTIVE Status
Beautiful well cared for 3-unit property with 3 one car garages and a set of Shovel Ready fully permitted plans for a 2-unit ADU that would go in between the back unit and the garage in the open space shown in the pictures. The plans are for a two-story property with a 1 bedroom 1 bath unit on the 2nd floor (533 Sq. Ft) accessible by an outside staircase, and a 2-bedroom, 2 bath unit on the 1st floor (656 Sq. Ft) Make this property a legal 5 unit and enjoy the extra rents without the hassle and expense (approximately 50,000 savings) of the planning and permitting process that the current seller already completed. Projected market rents are as follows 2,250 for the 1 Br unit and 2,750 for the 2 Br unit. That would add 60,000 to the GSI for a total potential yearly total rent of 128,000. The estimated cost of construction is 350K. SEE SUPPLEMENT!! 3881 and 3883 are both upgraded with new kitchen cabinets, quartz countertops, gas ranges, vinyl plank flooring, new bathrooms w/tile shower surrounds and pedestal sinks, new doors, crown molding and ceiling fans in LR’s and BR’s. All units have newer dual pane vinyl windows and the roofs are newer. 3885 is upgraded to a lesser extent (older kit and bath). All buildings have newer stucco and security screen doors at the front and back of each unit. All leases are month to month. The large 7000 Sq. Ft. lot is level and gated. There are nice shade trees in front and in the middle and there is a building off the alley with 3 one car garages with roll-up garage doors. There is a gate providing access to the lot from the alley and plenty of access to the proposed ADU's that can be built. This is a great income property in its own right, and with its 2-ADU plans, if built, becomes a fantastic investment.

3881-85 Logan Ave, Logan Heights
$950,000
5 Beds ⋅ 3 Baths ⋅ PTP2606131 MLS ⋅ ACTIVE Status
Great opportunity to own two separate homes on one lot! 2181 Franklin Ave features a 3-bedroom, 1-bath home and 2181 1/2 Franklin ave is a 2-bedroom, 2-bath home. Back unit is currently rented, front unit is available to see. Offering flexibility for an owner-occupant or investor. Live in one and rent the other, keep both as income-producing rentals, or use the additional unit for extended family. A property with great potential and multiple options. Great opportunity to own two separate homes on one lot! 2181 Franklin Ave features a 3-bedroom, 1-bath home and 2181 1/2 Franklin ave is a 2-bedroom, 2-bath home. Back unit is currently rented, front unit is available to see. Offering flexibility for an owner-occupant or investor. Live in one and rent the other, keep both as income-producing rentals, or use the additional unit for extended family. A property with great potential and multiple options.

2181 Franklin Ave, Logan Heights
$956,000
6 Beds ⋅ 3 Baths ⋅ 260012160 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.
Rare opportunity to own two beautifully updated homes on one expansive parcel in the heart of Lemon Grove! This unique property offers endless possibilities for multi-generational living, rental income, owner-occupants, investors, or those seeking additional space and privacy. Both residences feature modern upgrades, stylish finishes, and comfortable living spaces designed for today’s lifestyle. Enjoy updated kitchens and baths, spacious interiors, abundant natural light, and inviting outdoor areas perfect for entertaining or relaxing. This parcel also comes with a detached two-car garage perfect for additional parking or storage. Unit 8012 has solar panels providing ample electricity. Solar agreement can be transferred or negotiated in offer. The oversized lot provides incredible flexibility with room to garden, entertain, expand, or simply enjoy the privacy and open space rarely found in San Diego County. The property is home to multiple mature fruit trees including apple, fig, orange, avocado, grapefruit, nectaplum, lemon, dragon fruit, strawberry guava and apricot! Conveniently located near shopping, dining, parks, schools, and freeway access while still offering a peaceful residential feel.

8012-14 Palm St, Lemon Grove
$969,000
4 Beds ⋅ 2 Baths ⋅ 260021480 MLS ⋅ ACTIVE Status ⋅ Na BLDG.
Rare find! Own two fully detached, independently metered homes on a single lot, perfect for a savvy investor or an owner-occupant looking to live in one and rent the other. Both units have been remodeled,boasting modern kitchens, sleek designer bathrooms, premium tile flooring, and mini split A/C's to keep your tenants comfortable year-round.The front home features a spacious yard ideal for entertaining, while the entire property sits on a generous lot with incredible potential to add more units (ADUs) for maximum cash flow. Enjoy stainless steel appliances, private parking, and a prime central San Diego location minutes from downtown, local schools, and major freeways. Don't miss out on this turnkey gem with built-in growth potential! Front unit is available to show on weekends ONLY with scheduled CONFIRMED appointment with LA.

3736-3738 46th St, East San Diego
$975,000
7 Beds ⋅ 4 Baths ⋅ 260005450 MLS ⋅ ACTIVE Status ⋅ Nk BLDG.
TWO ALMOST NEW MANUFACTURED HOMES ON LARGE LOT ON PRIVATE STREET. PLENTY OF PARKING. YARDS. LOW MAINTENANCE. DOUBLE SINKS AND WALK-IN CLOSETS IN THE MASTER'S. LAUNDRY ROOMS. OPEN FLOOR PLANS. ISLAND KITCHENS. PULLS IN $7,050mth IN RENT!

1040 Gillespie Dr, Spring Valley
$975,000
5 Beds ⋅ 4 Baths ⋅ PTP2606521 MLS ⋅ ACTIVE Status
Recently appraised at 975k. Unit C is currently vacant, offering an ideal opportunity for an owner-occupant buyer to move in immediately while taking advantage of owner-occupied financing. Excellent investment opportunity featuring a well-maintained and tastefully updated triplex in the heart of National City. The property consists of one spacious 2-bedroom, 2-bath unit, 2bedroom, 1-bath unit, and a 1bed 1bath unit. offering a desirable unit mix that appeals to a broad tenant pool. Situated on a fully fenced lot, the property provides added privacy, security, and curb appeal. Each unit has been nicely updated and carefully maintained, creating a turnkey asset with strong rental demand and minimal deferred maintenance. Conveniently located near major freeways, shopping, dining, schools, and employment centers, this income-producing property presents an outstanding opportunity for investors seeking stable cash flow with potential for future appreciation. Back two units are MTM. Front house lease ends in October. Recently appraised at 975k. Unit C is currently vacant, offering an ideal opportunity for an owner-occupant buyer to move in immediately while taking advantage of owner-occupied financing. Excellent investment opportunity featuring a well-maintained and tastefully updated triplex in the heart of National City. The property consists of one spacious 2-bedroom, 2-bath unit, 2bedroom, 1-bath unit, and a 1bed 1bath unit. offering a desirable unit mix that appeals to a broad tenant pool. Situated on a fully fenced lot, the property provides added privacy, security, and curb appeal. Each unit has been nicely updated and carefully maintained, creating a turnkey asset with strong rental demand and minimal deferred maintenance. Conveniently located near major freeways, shopping, dining, schools, and employment centers, this income-producing property presents an outstanding opportunity for investors seeking stable cash flow with potential for future appreciation. Back two units are MTM. Front house lease ends in October.

2806 E 8th St, National City
$980,000
5 Beds ⋅ 4 Baths ⋅ 260014474 MLS ⋅ ACTIVE Status ⋅ Home BLDG.
Welcome to this cash-flow-positive 5-bedroom, 3-bathroom property offering both comfort and investment potential. Recent upgrades include hardwood flooring, stainless steel appliances, updated kitchens and bathrooms, improvements to the ADU, and a newly upgraded pathway. Whether you're looking to house hack or add a strong performer to your portfolio, this property is a great opportunity. Conveniently located near military bases, Las Americas Premium Outlets, and Downtown San Diego.

4026 Coleman Ave, Otay Mesa
$988,888
3 Beds ⋅ 2 Baths ⋅ 260019864 MLS ⋅ ACTIVE Status ⋅ College Grove BLDG.
Variance granted for 2-4 Units. RARE MULTI-UNIT OPPORTUNITY — TWO DETACHED HOMES ON ONE HUGE LOT! This unique Redwood Village property offers two detached residences on an expansive lot in a quiet cul-de-sac, creating exceptional flexibility for owner-occupants,multigenerational living, guests, home offices, or rental income.The main home offers approximately 1,044 sq. ft. with 2 bedrooms, 1 bathroom, an eat-in kitchen, and a large converted garage with a cozy fireplace, providing flexible additional living space for a family room, bedroom, office, or bonus room. Abundant natural light, multiple access doors, and covered patios create inviting indoor-outdoor living areas.Extensively renovated in 2018, the home features a newer roof, remodeled kitchen with custom cabinetry and granite countertops, updated bathroom, tile flooring, select newer windows, newer sliding glass door, interior and exterior paint, updated lighting, baseboards and trim, appliances, stucco exterior, concrete improvements, retaining walls, fencing with gates, and low-maintenance landscaping. The electrical system was upgraded in 2026.The permitted detached ADU, completed in 2024, offers approximately 498 sq. ft. with 1 bedroom and 1 bathroom. Features include luxury vinyl plank flooring, a modern kitchen with elegant cabinetry and granite countertops, indoor laundry, mini-split heating and air conditioning, modern appliances, a covered patio, private backyard area, detached patio, storage shed, and its own OWNED SOLAR SYSTEM. The expansive lot also offers space for RV or boat parking and newer paver walkways, adding convenience and functionality to the outdoor spaces. Conveniently located just minutes from San Diego State University, Mission Valley, Downtown San Diego, Balboa Park, North Park, Snapdragon Stadium, shopping, dining, and major freeways including I-8, I-15, and SR-94.

3440-42 Egan St, Talmadge/San Diego Central
$995,000
5 Beds ⋅ 2 Baths ⋅ 260021873 MLS ⋅ ACTIVE Status ⋅ Stanford Duplexes BLDG.
Labor Day Extravaganza Come See Them before they are sold. Tremendous Duplex Property Opportunity on College-Named Streets in La Mesa!! Tastefully Remodeled Mid-Century Duplex: Front Unit with 2 Bedrooms & 1 Bathroom with White-Vinyl Fenced in Yard. Back Unit with 3 Bedrooms & 1 Bathroom with Huge Private Backyard that can be enjoyed as-is or Architectural Plans to build 1,200sf ADU!!! Both are identical with Eat-in Kitchen with New Counter, Sink and Faucet and Drawers and New Flooring and Bright with Corner Windows and Leads to Back Patio/Yard. Nicely layout Windowed-Bathrooms where almost everything is New. Living Room welcomes you with a Wall of Brand New Vinyl Windows. Bedrooms are good-sized with ceiling molding. Back Unit has added on bright Bedroom with lots of windows. Come get this great opportunity to have a duplex for a two generation family or live in one and rent out the other. They were rented out for good market rents and future benefit to build and get rents from (2) 1 Bedroom Units that are 600sf each.

7051-7053 Stanford Ave, La Mesa
$995,000
2 Beds ⋅ 4 Baths ⋅ 260022143 MLS ⋅ ACTIVE Status ⋅ Teralta BLDG.
Rare 4-unit investment opportunity across from Teralta Park offering strong in-place income and long-term upside. Corner lot property featuring two original studio units and two newly constructed ADUs (4208) completed in 2024 with final sign-off—both currently leased. Unit mix includes two studios and two 1-bedroom units (approx. 320–448 sq ft), providing a diversified rental profile. Total current gross income of $6,775/month, including $625/month from a Clear Channel billboard lease. Property includes 4 separate meters for clean utility separation and operational efficiency. One unit has been recently updated, with additional value-add potential in the remaining original units. Commercial zoning offers potential future redevelopment opportunities (buyer to verify with City). Centrally located in a high-demand rental area with convenient access to freeways, public transit, and local amenities. Ideal for investors seeking a blend of stabilized income, new construction, and upside potential. Do not disturb tenants.

4204-4208 40th St, East San Diego
$999,000
4 Beds ⋅ 4 Baths ⋅ 260003864 MLS ⋅ ACTIVE Status ⋅ None Known BLDG.
Brand New! City Views! Almost Finished. 2 1,730 Sq Ft Buildings with Commercial Downstairs and Shopkeeper Quarters Upstairs. Live/ Work or check with City to possibly convert to 4 units. Great location on bus line near downtown in the famous Logan Heights district. Finish this project and save money! Worth lots more when finished. Buyer to verify any plan changes with City.

3236 National Ave, Logan Heights
$999,000
6 Beds ⋅ 4 Baths ⋅ 260010841 MLS ⋅ ACTIVE Status ⋅ City Heights BLDG.
Exceptional investment opportunity in the heart of City Heights! This versatile 2-unit property sits on a spacious, flat, and fully usable lot just under 7,000 sq ft, offering endless potential for expansion. The front unit features 2 bedrooms and 2 bathrooms, while the rear unit boasts a larger 4-bedroom, 2 bath layout. Ideal for maximizing rental income. The property backs up to a canyon, providing added privacy and a unique natural backdrop rarely found in urban settings. With plenty of on-site parking and long-term, reliable tenants already in place, this is a true turnkey income property. Recent upgrades include a newer roof, updated windows and water heater helping reduce maintenance costs. The generous lot size and layout present a prime opportunity to add an ADU or explore additional development options, making this an excellent choice for investors looking to grow their portfolio. Don’t miss this chance to own a high-potential property in a centrally located, high-demand rental area! Buyers to verify all info.

3103-3105 Central, East San Diego
$999,000
3 Beds ⋅ 3 Baths ⋅ 260014715 MLS ⋅ ACTIVE Status
Variance Granted 2-4 Units. Mix Use Property Investment opportunity. Remodeled Commercial Store Front, 2 Single Family Residences in the rear of the property with large storage building. First time on the market since construction. Rear units are 2 bed/ 1 bath with optional bedroom, 1 bed/ 1 bath respectively. Property is Zoned Industrial. Current owners have preformed deferred maintenance the last few years. Located Across from the US Navy Base Entrance. Current Business operations is successful tattoo parlor. Property has additional large storage unit which can be utilized as additional rental income.

3660 Main St, Logan Heights
$999,000
7 Beds ⋅ 4 Baths ⋅ 260021651 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.
Solid investment opportunity in the heart of City Heights! Investor can renovate or keep current rental income. The 3 unit property offers over 3,000 ft of living space and sitting on one building while producing very good income! Front unit is 3 bed 1 bath and has fenced in front yard perfect for pets and gardening. Middle unit is 2 bed 2 bath and has access to fenced in back yard. Top unit is 2 bed 1 bath. All units have off street parking and alley access. Easy access to good shopping, dining and highways.

3517 Central Ave, East San Diego
$999,000
8 Beds ⋅ 4 Baths ⋅ 260022096 MLS ⋅ ACTIVE Status ⋅ 3732-38 Wilson Ave BLDG.
Rare opportunity to acquire a great four-unit multifamily property in Cherokee Point, offering significant value add potential! Situated on an approximately 7,900 SF parcel, the property features an existing four-unit configuration with room to remodel and/or develop. One unit is currently tenant-occupied, while the remaining three vacant units are offer opportunity to renovate. This is an opportunity for a investor, developer or 1031 exchange buyer to reposition an existing multifamily asset and explore potential future development and ADU opportunities. Convenient location with access to surrounding neighborhoods, freeways and amenities. Bike or walk to some of both North Park and Normal Heights famous coffee shops and restaurants!

3732-38 Wilson, North Park
$999,900
7 Beds ⋅ 5 Baths ⋅ 260018933 MLS ⋅ ACTIVE Status ⋅ Old Highway 80 3 Units BLDG.
Exceptional INVESTMENT opportunity to own 3 income-producing units on approximately 3.5 acres in the desirable East County area near Old Highway 80 and Lake Jennings. The duplex features two spacious units, each with central A/C and attached two-car garages. One side of the duplex unit has been completely remodeled. The detached two-story 3rd unit offers a large private yard and barn/storage area, providing added versatility. Each unit enjoys its own private driveway with ample off-street parking. The property is separately metered with 3 SDG&E meters and 1 water meter. An excellent opportunity for investors seeking strong rental income or an owner-occupant looking to offset expenses with rental income. Excellent long-term tenants currently in place. 3rd unit is not permitted.

14371-73 Old Hwy 80, El Cajon
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