March 2024 Multifamily Report

We are excited to share with you a comprehensive overview of the real estate market in San Diego County for March 2024. Our data analysis provides insight into recent sales transactions, current availabilities, and top properties for sale by unit size. (Bigger building sales can cause for some numbers to be skewed)

Here are the key highlights from our report:

  • Market Overview:

    • Average cap rate for sales: 5.1%
    • Average sales price: $19.9 million
    • Total sales volume: $338 million
    • Average sale price per unit: $474,922
    • Average time to sale: 6.7 months
  • Current Availabilities:

    • Properties for sale: 244
    • Total volume: $1.1 billion
    • Available units: 3,359
    • Average sale price per unit: $410,000
    • Average cap rate: 4.4%
    • Vacancy rate: 6.2%
  • Notable Sales Transactions:

    • Largest transaction: 10201 Camino Ruiz, San Diego – 616 units sold for $207,530,669
    • Significant sales in Chula Vista, National City, and various San Diego locations
  • Top 10 Properties for Sale by Unit Size:

    • Largest property: Vista (zip code 92084) – 59 units available for $17,000,000
    • Notable listings in Oceanside, Chula Vista, and San Diego

March 2024 Multifamily Report

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Send download link to:

760-929-7846

evb@lee-associates.com

1902 Wright Place, Suite 180
Carlsbad, CA 92008, USA

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