5-Unit Apartment
New
For Sale
$3,075,000
1344-48 La Palma, San Diego, CA 92109
Residential Income, San Diego, CA
Property Size3,160 SF
Lot Size0.17 Acres
Price / SF$973.10
Days on Market4
Property Features for 1344-48 La Palma
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM-2-5
Bedrooms
7
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 5, Bathroom 6, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 5, Bathroom 2
Parking
10
Subdivision
San Diego (92109)
Standard status
Active
APN
423-383-05-00
Size
3,160 SF
Lot size
0.17 Acres
Utilities
Cooling system
Wall/Window Unit(s)
Building Details
Floors in Building
2
Number of units
5
Flooring type
Wood, Slab
Roof type
Composition
Listing Agency:
Coldwell Banker West · Coldwell Banker Real Estate
(619) 325-4100
Listed By:
Michael J Wolf · License #01709065
(858) 722-6847
Added: Sep 24
Changed: Sep 25
Last Checked: Sep 27 at 5:06AM
MLS# 260023323
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This five-residence property pairs a detached cottage at the front with a four-unit building behind it. The buildings contain approximately 3,160 square feet on a 0.172-acre site of about 7,500 square feet. The cottage is approximately 1,100 square feet; the rear structure has two one-bedroom residences of about 500 square feet each and two two-bedroom residences of about 600 square feet each. Each residence has two allocated parking spaces. Features vary by unit and include patios or balconies, laundry hookups or a separate laundry room, and interior updates. Improvements include newer roofs on both buildings, a replaced sewer line, newer water heaters, and a full exterior repaint.
The property is less than one block from Mission Bay and Fanuel Street Park. All five residences are vacant. RM-2-5 zoning provides a basis for a separate redevelopment study; preliminary analysis describes a conceptual range of approximately 15 to 19 units, with no development program approved. Any future unit count and feasibility remain subject to independent verification, including applicable zoning, Coastal requirements, affordability obligations, parking, and physical constraints.
The property is less than one block from Mission Bay and Fanuel Street Park. All five residences are vacant. RM-2-5 zoning provides a basis for a separate redevelopment study; preliminary analysis describes a conceptual range of approximately 15 to 19 units, with no development program approved. Any future unit count and feasibility remain subject to independent verification, including applicable zoning, Coastal requirements, affordability obligations, parking, and physical constraints.
Key Highlights
- Five vacant residences: one detached cottage and four units in a rear building
- Approximately 3,160 square feet of building area on a 0.172‑acre site
- Unit mix includes one‑bedroom residences of about 500 square feet and two‑bedroom residences of about 600 square feet
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,055
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - A detached cottage and a four-residence rear building are situated on an RM-2-5-zoned parcel.
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 vacant residences: one detached cottage and four units in a rear building; Approximately 3,160 square feet of building area on a 0.172‑acre site; Unit mix includes one‑bedroom residences of about 500 square feet and two‑bedroom residences of about 600 square feet
