2663 E St — Sale in San Diego, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Diego, CA 92102

Investment Figures

Cap rate
2.85%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

2663 E Street is a 4 unit Garden Style Apartment Building located in Golden Hill which is one of San Diego's Most Desirable Rental Markets for young Professionals seeking Urban Living. Golden Hill is an Urban Historic Neighborhood known for panoramic downtown views. Each street is lined with multi million dollar homes along side smaller garden style apartment units like the Subject Property. Tenants enjoy the convenience of being walking distance to Balboa Park, Downtown San Diego as well as a variety of restaurants, bars, markets and coffee shops. In addition tenants with young children enjoy the convenience of several elementary, middle & high schools being very close by. 2663 E Street includes Three 1BR/1Bath & 1 Studio Unit. Long term ownership has done an excellent job in maintaining the property but have not kept pace with the rapidly rising rental market. Rents are easily 35% below market which offers immediate upside. Investment Highlights: • Prime Golden Hill Location • Tremendous upside in rents with current rents 35% below comparable renovated units • .16 ACRE Lot with Development Potential - Final Plans Near Completion to Add 2 Units • Plenty of Off Street Parking

Market Context

This multifamily in San Diego, CA is listed for sale. It is offered at an approximate 2.9% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in San Diego, CA — view the full market.

As of Q1 2026, the San Diego multifamily market showed average asking rents near $1183.00/unit/mo, and cap rates around 8.0%. Source: multiple brokerage reports, Q1 2026.

Its 2.9% asking cap rate is below the San Diego multifamily market average of about 8.0%, reflecting premium pricing relative to comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in San Diego?
About 8.0% as of Q1 2026, per multiple brokerage reports.

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