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

1344 La Palma, San Diego, CA 92109

Five residences in two buildings are delivered vacant, with allocated parking and private outdoor areas.

Property SizeContact for details
Lot Size0.17 Acres
Days on Market2

Property Features for 1344 La Palma

General Information

Standard status Active
Lot size 0.17 Acres
Zoning RM-2-5

Units

Multifamily Units 5
Parking per Unit 2

Amenities

private patios/balconies
A/C
skylight/solar-tube lighting
washer/dryer hookups
vaulted ceilings

Building Details

Buildings 2
Listing Agency: Coldwell Banker West
Listed By: Michael Wolf · License #01709065
Source: Kaleorealestate
Added: Sep 26 Last Checked: Sep 26 at 3:14PM

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.

The property comprises five residences in two buildings: a detached front cottage of approximately 1,100 square feet and a rear building with four apartments. The rear units include two one-bedroom residences of about 500 square feet each and two two-bedroom residences of about 600 square feet each. The cottage has two full bathrooms, a separate laundry room, air conditioning, and a private rear patio. Rear apartments have private patios or balconies, and each residence is allocated two parking spaces. Improvements include newer roofs on both buildings, a replaced sewer line, newer water heaters, and an exterior repaint.

The site is approximately 7,500 square feet and zoned RM-2-5. It is less than one block from Mission Bay and Fanuel Street Park. Preliminary analysis indicates redevelopment potential, but no development plan is approved; zoning, applicable requirements, and physical feasibility require independent verification.

Key Highlights

  • Five residences across a detached cottage and a four‑unit rear building
  • Approx. 1,100‑square‑foot cottage with two full bathrooms and a private rear patio
  • Rear building includes two one‑bedroom units of about 500 square feet and two two‑bedroom units of about 600 square feet

Property Analytics

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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.

Lease Details

5
Residential units

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 residences in two buildings are delivered vacant, with allocated parking and private outdoor areas.
Where is this apartment building located?
The property is located at 1344 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 across a detached cottage and a four‑unit rear building; Approx. 1,100‑square‑foot cottage with two full bathrooms and a private rear patio; Rear building includes two one‑bedroom units of about 500 square feet and two two‑bedroom units of about 600 square feet
More about this property
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