Multi-family homes for sale in San Diego represent incredible rental income opportunities for real estate investors. Also known as a duplex, triplex, or quadplex, these residential properties all have 2 to 4 homes in the same building. One of the benefits of buying one of these rental income producing houses is that they all qualify for 30-year mortgages as opposed to commercial rental properties where 5+ units are involved.
New investors find these types of properties especially appealing because they also qualify as a primary residence. When you buy one of these homes AND occupy one of the units for a minimum of 12 months after the loan closes, you may be eligible for special finance rates with low down payments.
Insured housing loans are available through the Federal Housing Administration (FHA) as well as the US Department of Veterans Affairs (VA) for servicemembers. Of course, you will want to check with those respective agencies for qualification requirements before writing your offer.
Let your tenant(s) pay your mortgage, and potentially profit as well! We are keen advocates of hiring property management companies to manage our tenants and units. Yes, you can save money by “doing it yourself,” but you will also open yourself up to massive liabilities as well, especially when considering California’s tenant laws. Do you really want to get phone calls when the faucet leaks or they have plugged the toilet? Let someone else handle the rent collection and tenant issues. Your new neighbors do not even need to know that you own the building.
Browse the multi-family homes for sale in San Diego below. Whether this is your first or next rental property, contact our investor-friendly Realtor, Valeria Garrow. Her team at Realty National will represent you with the highest level of service and make sure that you are getting the best possible price.