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Five-Unit Apartment Complex
For Sale
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Pending

1226 23rd Street, San Diego, CA 92102

Five-unit complex featuring front one-bedroom units and a rear two-bedroom cottage.

Property SizeContact for details
Days on Market148

Property Features for 1226 23rd Street

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Marcus & Millichap - Downtown San Diego
Listed By: Conor Brennan · License #CA 01918598
Source: Crexi
Added: Apr 10 Changed: Sep 3 Last Checked: Sep 3 at 2:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Downtown San Diego

Investment Insights

Based on property information with market context.

1226 23rd Street is a five-unit apartment complex with extra-large layouts. The front fourplex contains four 1-bedroom/1-bath units, and the floorplans include density that can operate as 2-bedrooms. The back structure is a large 2-bedroom/1-bath cottage over an unused storage area. Under the front building, there is an owned laundry room along with a large unused area that could support additional storage. The property also has a basement in the front building with a bike-rack for tenants.

The complex is located in the “Slopes” of Golden Hill with views over Downtown San Diego. Unit features include patios, electric fireplaces, large walk-in closets, tile bathrooms, and refurbished hardwood flooring in two units, along with new cabinetry and granite countertops. Electricity and foundation bracing have been upgraded throughout.

Additional noted components include the unused storage area at the rear and the unused space under the front building, which may allow a new owner to expand rent-generating storage. The property is presented as well maintained with ongoing improvements already completed.

Key Highlights

  • Five‑unit complex in Golden Hill’s “Slopes,” overlooking Downtown San Diego
  • Front fourplex: four 1BD/1BA units averaging 800 SF, with dens that can operate as 2‑bedrooms
  • Rear structure: 1,188 SF 2BD/1BA cottage over unused storage area

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Tanning Salon Butcher Restaurant Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,102
Businesses Nearby

Demographics for 92102, CA

39,783
Population
15,622
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
80%
High-School Grad
4.5 sq mi
ZIP Area
8,841
Density / Sq Mi
$71,319
Median Household Income
$40,142
Median Earnings
$1,855
Median Rent
$646,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit complex featuring front one-bedroom units and a rear two-bedroom cottage.
Where is this apartment building located?
The property is located at 1226 23rd Street San Diego, CA.
What are key features of this property?
This property features: Five‑unit complex in Golden Hill’s “Slopes,” overlooking Downtown San Diego; Front fourplex: four 1BD/1BA units averaging 800 SF, with dens that can operate as 2‑bedrooms; Rear structure: 1,188 SF 2BD/1BA cottage over unused storage area
(720) 841-8139 Call to check price and availability
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