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Cottage-Style Multifamily Community
For Sale
$2,550,000

3938 Florida St San Diego, San Diego, CA 92104

Six-unit property with cottage-style detached buildings, garages, and balconies/patios on a large lot.

Property SizeContact for details
Lot Size0.09 Acres
Days on Market53

Property Features for 3938 Florida St San Diego

General Information

Standard status Active
Total Parking Spaces 8
Lot size 0.09 Acres
Zoning RM 3-9
Net Operating Income $90,935

Additional Details

Multifamily Units 6

Amenities

false
true
9371
8
0.2151
5

Building Details

Buildings 5
Tenancy Multi
Listing Agency: Apartment Realty Group (ARG)
Listed By: Herschel Finger · License #02253641
Source: Rmarealty
Added: Jul 8 Changed: Aug 28 Last Checked: Aug 29 at 6:05AM

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 six-unit multifamily property features cottage-style units spread across five detached buildings on a large 9,371 square foot lot. The unit mix includes five 1-bedroom/1-bathroom homes and one 2-bedroom/1-bathroom home. Each unit has a balcony or patio, and the property includes six garages along with two off-street parking spaces. The public remarks indicate the property is well maintained and clean.

The property is located at 3938 Florida St, San Diego, CA 92104, with configuration well-suited for tenants who prefer independent, detached living within a small community setting.

The oversized lot also presents ADU potential through garage conversion and/or redevelopment of the lot, according to the provided remarks.

Key Highlights

  • 6‑unit property with cottage‑style detached units on a 9,371 sq ft lot (0.2151 acres)
  • Unit mix: (5) 1 bed / 1 bath and (1) 2 bed / 1 bath
  • Cottage‑style detached buildings: 5 detached buildings on the property

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
Multi-tenant
Tenancy

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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit property with cottage-style detached buildings, garages, and balconies/patios on a large lot.
Where is this apartment building located?
The property is located at 3938 Florida St San Diego 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: 6‑unit property with cottage‑style detached units on a 9,371 sq ft lot (0.2151 acres); Unit mix: (5) 1 bed / 1 bath and (1) 2 bed / 1 bath; Cottage‑style detached buildings: 5 detached buildings on the property
More about this property
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