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Cottage-Style Multi-Unit Property
For Sale
$2,550,000

3938-42 Florida Street, San Diego, CA 92104

Six cottage-style units across five detached buildings on a 9,371 sq ft lot with balconies and patios.

Property Size3,600 SF
Lot Size0.22 Acres
Price / SF$708.33
Days on Market174

Property Features for 3938-42 Florida Street

General Information

Standard status Active
Size 3,600 SF
Total Parking Spaces 8
Lot size 0.22 Acres
Property subtype Commercial-Res Income / Com-Res Income
Zoning RM 3-9

Additional Details

Multifamily Units 6

Amenities

Balconies/Patios
1
2.0
3
5

Building Details

Construction Cottage Style
Listing Agency: Apartment Realty Group (ARG)
Listed By: Caleb Mancini · License #02253641
Source: Compass
Added: Mar 19 Changed: Sep 8 Last Checked: Aug 28 at 9:28PM

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 Apartment Realty Group (ARG)

Investment Insights

Based on property information with market context.

This for-sale multifamily property features six cottage-style residential units spread across five detached buildings within a 9,371 sq ft lot. The unit mix includes five 1-bedroom/1-bath homes and one 2-bedroom/1-bath unit. Each unit has a private balcony or patio, and the property includes (6) garages plus (2) off-street parking spaces. The building is described as well maintained and clean.

The property is located at 3938-42 Florida St in San Diego, CA 92104.

The offering also notes an ADU possibility through garage conversion and/or redevelopment of the oversized lot.

Key Highlights

  • Six cottage‑style units across five detached buildings on a 9,371 sq ft lot
  • Unit mix: (5) 1 bed / 1 bath plus (1) 2 bed / 1 bath
  • Each unit has a balcony or patio

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Electrical Service (Bike/Boat/Book/etc) Store Home Appliance Store Carpet & Flooring Store Food Market

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,604
Businesses Nearby

Demographics for 92104, CA

44,265
Population
24,580
Households
1.8
Avg Household Size
36
Median Age
55%
College-Educated
94%
High-School Grad
3.7 sq mi
ZIP Area
11,964
Density / Sq Mi
$92,862
Median Household Income
$60,195
Median Earnings
$1,925
Median Rent
$861,600
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 - Six cottage-style units across five detached buildings on a 9,371 sq ft lot with balconies and patios.
Where is this apartment building located?
The property is located at 3938-42 Florida Street San Diego, CA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Six cottage‑style units across five detached buildings on a 9,371 sq ft lot; Unit mix: (5) 1 bed / 1 bath plus (1) 2 bed / 1 bath; Each unit has a balcony or patio
More about this property
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