Insights, market trends, and strategies for apartment building owners and multifamily investors in San Diego. Explore data-driven analysis, financing updates, and real-world guidance to help you make informed decisions.
San Diego’s multifamily market continues to show a clear divide between smaller 2–4 unit properties and larger 5+ assets. While transaction volume remains strong in the 2–4 space, pricing is still adjusting to align with today’s lending environment, with most deals trading slightly below list. Properties supported by real in-place income and clean operations are consistently outperforming those reliant on future upside assumptions.
San Diego’s multifamily market is not moving as one single market right now. While new supply and flatter rent growth are putting pressure on parts of the county, coastal assets in Pacific Beach, Mission Beach, Ocean Beach, Point Loma, and Coronado are still being supported by scarcity, limited construction, and long-term location demand. Right now, coastal multifamily is not immune to the market, but it is playing by a different set of rules.
San Diego’s multifamily market has entered 2026 with a noticeably different tone than what owners have grown accustomed to over the past decade.
According to recent data from CoStar Analytics, rent growth has effectively stalled through the first quarter, raising important questions about pricing, underwriting, and strategy moving forward.
What Is Currently on the Market? San Diego 5+ Unit Multifamily Active Inventory Update
What Is Currently on the Market? San Diego 2–4 Unit Active Inventory Update
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