Multifamily Property for Sale in San Diego, CA
- Price: $230K
- Listing type: For sale
- Asset type: Multifamily Property
- Location: San Diego, CA 92101
- Size: 88,415 SF
- Year built: 2019
Photos
Description
JLL, as exclusive advisor, is pleased to present for sale F11 (the “Property”) – a 99-unit, 100% market-rate multi-housing investment opportunity with durable operating history located in Downtown San Diego, California. Completed in 2019 and rising seven stories at the crossroads of two of Downtown’s most vibrant neighborhoods – the Gaslamp Quarter and East Village – F11 delivers a best-in-class living experience in one of San Diego’s most sought-after submarkets. The Property is home to an affluent renter demographic earning upwards of $230,000 on average, underscoring the enduring desirability of the location for accomplished young professionals. Thoughtfully designed studio, one-, and two-bedroom residences feature condo-quality finishes, floor-to-ceiling windows, chef-inspired kitchens with oversized quartz islands, and stainless-steel appliance packages. The Property’s rich and differentiated amenity set creates a resort-caliber lifestyle rarely found in the urban core. Residents enjoy a rooftop pool and spa framed by skyline views, a BBQ terrace and viewing deck built for entertaining, a 24-hour fitness center, an indoor arcade and bocce lounge, a serene zen garden, an outdoor yoga studio, and a dedicated pet run and pet spa. This curated collection of amenities drives outsized resident demand, exceptional retention, and premium rents. F11’s location earns a 99 Walk Score, 82 Transit Score, and 87 Bike Score, placing residents steps from Downtown’s premier dining, nightlife, and entertainment, as well as the region’s top employers, Petco Park, and the waterfront. This unrivaled connectivity positions the Property to capture rent growth as East Village has zero new projects expected heading into 2030. F11 represents an exceptional opportunity for an investor to acquire a modern, high-performing, stabilized multi-housing asset at a significant discount to replacement cost in one of Downtown’s most vibrant submarkets.
Market Context
This multifamily in San Diego, CA is listed for sale at $230,000 across 88,415 SF. The building dates to 2019. Compare it against other multifamily listings for sale in San Diego, CA — view the full market.
As of Q4 2025, the San Diego multifamily market showed a 5.4% vacancy rate, average asking rents near $2456.00/unit/mo, and cap rates around 4.6%. Source: multiple brokerage reports, Q4 2025.
Tight vacancy keeps competition for quality space elevated.
Multifamily market FAQ
- What is the typical cap rate for multifamily in San Diego?
- About 4.6% as of Q4 2025, per multiple brokerage reports.
- Is the San Diego multifamily market tightening or softening?
- Vacancy is around 5.4% (Q4 2025).
Contact
- Kip Malo · 8584106340 · kip.malo@jll.com
- Alex Caniglia · 8583425247 · alex.caniglia@jll.com
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