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    2949-57 Kalmia St San Diego, CA 92104

    Sponsored
    For Sale
    $3,900,000

    MULTI_FAMILY - San Diego, CA

    Property size:
    6,136 SF
    Days on Market:
    137
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 2949-57 Kalmia St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RS-1-7
    Rooms
    Bedroom 6, Bedroom 10, Bedroom 4, Bathroom 7, Bedroom 1, Bedroom 5, Bathroom 5, Bathroom 6, Bedroom 7, Bedroom 9, Bedroom 2, Bathroom 4, Bedroom 11, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 8, Bathroom 1
    Bedrooms
    11
    Bathrooms
    7
    APN
    53902207
    Parking
    3
    Size
    6,136 SF

    Utilities

    Cooling system
    Wall/Window Unit(s)

    Building Details

    Number of units
    8

    eXp Realty of California Inc. (888) 584-9427 x119 [email protected]

    Listing agent Steve Aguilar (888) 584-9427 License #02022512

    Listing date Aug 22, 2025

    MLS# 250034672 Listing URL

    Copyright © 2025 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    San Diego Multifamily Bungalow Court

    This income-generating property features five upgraded 2-bedroom, 1-bathroom units, one 3-bedroom, 2-bathroom unit, and two newly constructed Accessory Dwelling Units (ADUs) completed in 2025, each with 2 bedrooms and 2 bathrooms and private yards. The Spanish-style bungalow court layout and landscaping provide curb appeal and community charm. Situated on a 10,679 square foot lot with 4,136 square feet of improvements, the property has strong walkability to Target, Balboa Park, local cafes, and restaurants. The property is located between North Park and South Park, two of San Diego's most desirable rental submarkets. The property is zoned RS-1-7. The property contains 6,136 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.13057
    Latitude
    32.730624

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    FAQs

    What type of property is this?
    Apartment building - Rare 8-unit Spanish-style bungalow court in desirable San Diego location.
    Where is this apartment building located?
    The property is located at 2949-57 Kalmia St San Diego, CA.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Rare 8-unit Spanish-style bungalow court in a highly desirable San Diego location (between North Park and South Park).; - Features five upgraded 2 bed/1 bath units, one 3 bed/2 bath unit, and **two newly constructed 2 bed/2 bath ADUs with private yards (completed in 2025).**; - Income-generating property ideal for investors seeking stabilized, low-maintenance multifamily asset.
    (619) 983-6100
    Request Owner's contact information
    2949-57 Kalmia St San Diego, CA 92104
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    San Diego, CA 92104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2949-57 Kalmia St San Diego, CA 92104
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