Stonegate Manor — Sale in San Diego, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Diego, CA 92105

Photos

Stonegate Manor — Sale in San Diego, CA, photo 1 of 2
Stonegate Manor — Sale in San Diego, CA, photo 2 of 2

Investment Figures

Cap rate
6.51%

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

The Zorbas Huffman Group of Marcus & Millichap is pleased to present “Stonegate Manor,” a 19-unit multifamily community located in the City Heights neighborhood of San Diego, California. Located at 3829 Marlborough Avenue, the property offers investors the opportunity to acquire a well-maintained asset with significant infrastructure improvements, upgraded unit interiors, abundant parking, and a highly efficient unit mix. Built in 1972, the property is situated on an approximately 0.32-acre lot and is comprised entirely of nineteen (19) one-bedroom/one-bathroom units averaging approximately 600 square feet. Ownership has completed substantial improvements to the property’s major building systems, including a complete electrical rewire and upgraded plumbing systems. These capital improvements provide a future owner with the benefit of modernized infrastructure while reducing the potential for significant near-term capital expenditures. All unit kitchens and bathrooms have also been upgraded with quartz countertops, sleek cabinetry with brushed nickel hardware, stainless steel appliances, new paint, and faux wood flooring. Additionally, the property offers abundant off-street parking for tenants, including three two-car garages and one single-car garage. With its efficient unit mix, upgraded interiors, improved building systems, ample parking, and central San Diego location, “Stonegate Manor” represents an attractive opportunity to acquire a renovated multifamily asset in one of San Diego’s established urban rental markets. Investment Highlights: • Efficient Unit Mix ? Comprised entirely of one-bedroom/one-bathroom residences averaging approximately 600 square feet.? • Major Infrastructure Improvements? Building has rebuilt plumbing systems and fully rewired electrical. • Upgraded Unit Interiors? All units feature renovated kitchens and bathrooms, stainless steel appliances, quartz countertops, updated cabinetry, and faux wood flooring.? • Abundant Off-Street Parking

Market Context

This multifamily in San Diego, CA is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing multifamily assets. 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.

Its 6.5% asking cap rate is above the San Diego multifamily market average of about 4.6%, implying a higher yield (and typically more risk or upside) than comparable assets. 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).

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