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$200K – $335K
Price Per Unit Range
4.8% – 6.9%
Cap Rate Range
5 – 27 Units
Deal Size
What is considered Southeast San Diego?
Southeast San Diego refers to the neighborhoods located south of Golden Hill and the State Route 94 freeway, including Barrio Logan, Logan Heights, Sherman Heights, Grant Hill, Southcrest, Mountain View, Lincoln Park, and Valencia Park. These fall primarily within the 92113, 92102, and 92114 zip codes.
What are apartment cap rates in Southeast San Diego?
Apartment cap rates in Southeast San Diego currently range from approximately 4.8% to 6.9%, averaging around 5.8% based on recent closed sales. This is higher than coastal and urban-core San Diego, making the area attractive to yield-focused and 1031 exchange buyers.
How much does an apartment building cost in Southeast San Diego?
Apartment buildings in Southeast San Diego trade at an average of approximately $267,000 per unit, ranging from about $200,000 to $335,000 per unit depending on condition, location, and building age. Smaller 5–10 unit buildings typically sell between $1.4M and $3.1M.
Is Southeast San Diego a good place to invest in apartments?
Southeast San Diego offers some of the highest apartment cap rates within the City of San Diego, making it attractive for investors prioritizing cash flow over appreciation. The area also has value-add and development potential, with portions zoned for increased density under Complete Communities Tier 3.
Market Data
Southeast San Diego at a Glance
Price per Unit
$200K – $335K
Cap Rate
4.8% – 6.9%
Typical Deal Size
5 – 27 Units
Buyer Type
Yield-Focused Investors / 1031 Exchange Buyers / Value-Add Operators
Market Insights
How investors are pricing apartments in Southeast San Diego
Southeast San Diego covers the neighborhoods south of Golden Hill and the State Route 94 freeway — Barrio Logan, Logan Heights, Sherman Heights, Grant Hill, Southcrest, Mountain View, Stockton, Lincoln Park, and Valencia Park — primarily within the 92113, 92102, and 92114 zip codes. Apartment buildings here trade at higher cap rates than coastal or urban-core San Diego, typically in the mid-5% to high-6% range, with prices generally between $200,000 and $335,000 per unit. Across recent transactions the average cap rate has been 5.8% and the average price per unit approximately $267,000, with sale-to-asking-price ratios averaging 98%. Buyer demand is driven by three groups: yield-focused private investors seeking cash flow that coastal submarkets can't offer, 1031 exchange buyers trading out of lower-cap properties into higher-yield assets, and value-add operators acquiring older buildings with rent-growth upside. Several recent sales also reflect development interest, as portions of the area carry Complete Communities Tier 3 zoning, which allows significantly increased density.
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