5020 Brighton Ave — Sale in San Diego, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Diego, CA 92107

Investment Figures

Cap rate
3.17%

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

Marcus & Millichap is pleased to present 5020–24 Brighton Avenue, a well maintained four unit multifamily asset located in the heart of Ocean Beach, one of San Diego’s most iconic and tightly held coastal communities. This rare offering provides investors the opportunity to own a stabilized, income producing property just blocks from the beach in a supply constrained, high demand rental market. The property consists of four (4) one bedroom, one bathroom units, each featuring a functional layout, excellent natural light, and a classic beach town living environment that appeals to long term renters. The building sits in a quiet residential pocket of Ocean Beach while remaining walkable to the shoreline, local cafes, restaurants, retail, and the neighborhood’s vibrant coastal lifestyle amenities. Additional onsite features - such as private outdoor areas and off street parking - add to the property’s long term renter appeal and place it among the more desirable small multifamily offerings in this extremely low vacancy coastal submarket. With historically strong occupancy, consistent cash flow, and clear upside potential through interior updates, 5020–24 Brighton Avenue represents a rare chance to acquire a low maintenance coastal multifamily asset in one of San Diego’s most sought after beach communities. Investment Highlights: • Prime Ocean Beach location just steps from the coastline and walkable to local dining, retail, & recreation. • Four (4) one bedroom / one bathroom units - highly desirable and consistently in demand. • Stable, low maintenance property with historically strong occupancy. • Immediate value add potential through interior renovations. • Opportunity to own in one of San Diego's most supply constrained and tightly held coastal rental markets.

Market Context

This multifamily in San Diego, CA is listed for sale. It is offered at an approximate 3.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 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 3.2% 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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