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Five-Unit Apartment Property
For Sale
$3,075,000

1344-48 La Palma, San Diego, CA 92109

A detached cottage and a rear four-residence building provide distinct layouts, each with two allocated parking spaces per residence.

Property Size3,160 SF
Price / SF$973.10
Days on Market15

Property Features for 1344-48 La Palma

General Information

Standard status Active
Size 3,160 SF
Property subtype Multi-Family
Listing Agency: Coldwell Banker West
Listed By: Michael J Wolf wolf@cbwhomes.com
Source: Viewsandiegohouses
Added: Sep 18 Changed: Oct 1 Last Checked: Oct 1 at 12:06PM

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 Coldwell Banker West

Investment Insights

Based on property information with market context.

This five-unit apartment property comprises a detached cottage at the front and a four-residence building behind it. The cottage is approximately 1,100 square feet and includes two full bathrooms, a separate laundry room, storage, a walk-in closet, air conditioning, and a private rear patio. The rear building has two lower one-bedroom residences of about 500 square feet each, plus two upper two-bedroom residences of about 600 square feet each. The lower units have private patios and washer/dryer hookups; the upper units feature vaulted ceilings and private balconies. Each residence has two allocated parking spaces.

Recent work includes newer roofs on both buildings, a replaced sewer line, newer water heaters, and a full exterior repaint. The approximately 7,500-square-foot site is zoned RM-2-5. Preliminary analysis outlines a conceptual range of approximately 15 to 19 units, with the possibility of a higher count; no development program is approved, and feasibility and requirements require independent verification.

Key Highlights

  • Five residences: one detached cottage and four units in a rear building
  • Two one‑bedroom units are about 500 square feet each; two two‑bedroom units are about 600 square feet each
  • Approximately 1,100‑square‑foot cottage with two full bathrooms and a private rear patio

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Garden Center Daycare Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Clothing & Fashion Store Auto Parts 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

3,055
Businesses Nearby

Demographics for 92109, CA

44,671
Population
26,503
Households
1.7
Avg Household Size
35
Median Age
70%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
5,878
Density / Sq Mi
$118,300
Median Household Income
$71,054
Median Earnings
$2,362
Median Rent
$1,136,000
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 - A detached cottage and a rear four-residence building provide distinct layouts, each with two allocated parking spaces per residence.
Where is this apartment building located?
The property is located at 1344-48 La Palma San Diego, CA.
What is the asking price?
The asking price for this property is $3,075,000.
What are key features of this property?
This property features: Five residences: one detached cottage and four units in a rear building; Two one‑bedroom units are about 500 square feet each; two two‑bedroom units are about 600 square feet each; Approximately 1,100‑square‑foot cottage with two full bathrooms and a private rear patio
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