San Diego 2–4 Unit Market Activity & Demand
Over the past 12 months, more than 700 duplex, triplex, and fourplex properties have sold across San Diego County, representing over $1.02 billion in transaction volume.
In the current market, a focused segment of 96 active and recent listings shows continued momentum, with approximately 78 properties already in pending status — a strong indicator of ongoing buyer demand in the 2–4 unit space.
Market Snapshot
San Diego 2–4 Unit Market at a Glance
718
Closed Sales (12 Months)
78
Currently Pending
43 Days
Avg Days on Market
$1.027B
Total Closed Volume
$1.56M
Average Price
96
Active / Recent Listings
$1.325M
Median Price
What 78 Pending Deals Signals About the Market
With approximately 78 out of 96 tracked properties currently in pending status, the majority of available 2–4 unit inventory is actively being absorbed by the market.
This indicates:
Strong buyer demand relative to available supply. Competitive conditions, particularly in the $1M–$2M range. Continued interest from both investors and owner-occupants.
Properties that are well-priced and positioned correctly are often securing offers within the average 43-day marketing window — or faster.
Over $1 Billion in Closed Sales
The 2–4 unit segment remains one of the most liquid parts of the San Diego multifamily market, with over $1.02 billion in closed sales across 718 transactions.
This level of activity reflects deep buyer pools, consistent transaction velocity, and strong long-term investor interest. For owners considering a sale, this liquidity means there are real buyers actively competing for well-
Where Most Deals Are Concentrated
With a median price of $1.325M and an average of $1.56M, the majority of 2–4 unit transactions are concentrated in the $1.2M to $1.6M range.
This price band represents:
The most active portion of the market. The highest concentration of qualified buyers. The most competitive segment for both buyers and sellers.
Owners with properties in this range should understand that pricing accuracy is critical — there are more comparable transactions and more competition, which means mispricing has a higher cost. Request a
free property valuation to see where your property fits.
How Fast Are Properties Selling?
The average marketing time for 2–4 unit properties is approximately 43 days.
However, properties that are priced within the core market range, offer rental upside or ADU potential, and present well can trade significantly faster than the market average.
Positioning and pricing strategy are the two biggest factors in determining speed to close. A data-backed marketing approach consistently outperforms generic listing strategies.
Track Record
Recent Sales
The Heritage — 360 N 1st St
El Cajon · 56 Units
$12,950,000
4.88% Cap Rate
4647 University Ave
City Heights · 4 Units
$3,600,000
Commercial Corridor
8951 Jamacha Rd
Spring Valley · 32 Units
$6,800,000
5.10% Cap Rate
11902 Campo Rd
Rancho San Diego · 234 Units
$54,100,000
Off-Market Sale