What Are Small Apartment Buildings Selling for in South San Diego County?
This is a quarterly market note covering actual sales of 5 to 15 unit apartment buildings in National City, Chula Vista, Logan Heights, Spring Valley, and Lemon Grove. The data below reflects real closed transactions, not listing prices or Zestimate-style estimates. We update this report every quarter with fresh numbers.
If you own a small apartment building in South County, this is the closest available proxy for what your building might be worth in the current market.
Current Quarter: [VERIFY: Q_ 2026]
Summary (5 to 15 unit buildings, South San Diego County):
- Number of closed sales: [VERIFY]
- Price-per-unit range: $[VERIFY: low] to $[VERIFY: high]
- Median price per unit: $[VERIFY]
- Cap rate range: [VERIFY: X%] to [VERIFY: Y%]
- Median cap rate: [VERIFY]%
By Neighborhood
National City
[VERIFY: Number] sales closed this quarter. Price per unit ranged from $[VERIFY] to $[VERIFY]. Cap rates ranged from [VERIFY]% to [VERIFY]%. [VERIFY: Add 1-2 sentence narrative about trends, e.g., "Most activity was in the 6-10 unit range, with buyers accepting tighter yields for buildings with recent renovations."]
Chula Vista
[VERIFY: Number] sales closed this quarter. Price per unit ranged from $[VERIFY] to $[VERIFY]. Cap rates ranged from [VERIFY]% to [VERIFY]%. [VERIFY: Add narrative.]
Logan Heights
[VERIFY: Number] sales closed this quarter. Price per unit ranged from $[VERIFY] to $[VERIFY]. [VERIFY: Add narrative.]
Spring Valley
[VERIFY: Number] sales closed this quarter. Price per unit ranged from $[VERIFY] to $[VERIFY]. [VERIFY: Add narrative.]
Lemon Grove
[VERIFY: Number] sales closed this quarter. Price per unit ranged from $[VERIFY] to $[VERIFY]. [VERIFY: Add narrative.]
What's Driving Prices Right Now
[VERIFY: Write 2-3 paragraphs describing the current market dynamics. Include factors like: interest rates, buyer demand, cap rate compression or expansion, 1031 buyer activity, AB 1482 impact on underwriting, insurance cost impact on deal flow, and any notable trends (e.g., longer days on market, price reductions, buyer concessions).]
How This Connects to Your Building
Market averages tell you where the market is. They do not tell you where your building is. Your specific value depends on your actual rent roll, your expense structure, the condition of your building, and the strength of your NOI. A building with below-market rents and deferred maintenance will trade at the low end of these ranges. A well-maintained building with optimized rents will trade above them.
Understanding how your building compares to recent sales, and how NOI and cap rates determine your value, is the first step in any sell-or-hold analysis.
Previous Editions
As we publish additional quarterly reports, archived editions will be linked here. Historical data for your neighborhood is useful for tracking trends over time.
- This is the first edition. Future quarterly reports will be archived here.
Get a Building-Specific Analysis
Market reports show you the range. A free Property Snapshot shows you where your building falls within that range, what it is worth today, and what you would keep after taxes if you decided to sell. One page, plain English, no pitch.
Last reviewed: [VERIFY: Month Year]. Laws, figures, and market conditions change. Verify current rules with a qualified professional before acting.