5388 Imperial Ave
San Diego, CA 92114
$1,150,000
Matthews is pleased to exclusively present a well-maintained 4-Unit property in Valencia Park. 5388 Imperial Ave is a four-unit multifamily property built in 1973 on a ±4,428 SF lot in the Valencia Park neighborhood of Southeast San Diego. The building spans ±3,290 gross square feet across a uniform unit mix of four 2-bedroom/1-bathroom units averaging ±800 SF each, giving the asset a consistent, easy-to-manage floor plan and a tenant base with similar space needs. The property also shares a coin operated common laundry room generating significant added income. Zoned RM-3-7 for multifamily residential use, the property sits on a fenced, gated lot with a private courtyard, 5 dedicated off-street parking for residents, and a stone-and-stucco exterior consistent with the surrounding streetscape. Its location places it within walking distance of Imperial Avenue retail and transit corridor, offering tenants convenient access to bus service and nearby daily amenities while remaining close to Downtown San Diego, National City, and the broader Southeast San Diego employment base. The combination of small, efficient units, low per-unit operating costs, and a below-market in-place rent roll positions the property as a straightforward value-add opportunity for a buyer looking to bring rents to the area's prevailing market levels over time.
| Listing Id: | 260024929 |
|---|---|
| List Price: | $1,150,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Res Income 2-4 Units |
| Status: | Active |
| Bedrooms Total: | 8 |
| Bathrooms Full: | 4 |
| Lot Size Square Feet: | 4,428.0 |
| Waterfront?: | No |
| City: | San Diego |
| County Or Parish: | San Diego |
| Subdivision Name: | Encanto |
| Postal Code: | 92114 |
| Year Built: | 1973 |
| Number Of Units Total: | 4 |
| Basement: | false |
| Bathrooms Total Integer: | 4 |
| Building Area Total: | 3,200.0 |
| Building Area Units: | Sqft |
| Feed Types: | IDX |
| Construction Materials: | Stucco |
| Cooling: | N/K |
| Fencing: | Gate |
| Levels: | 2 Story |
| Living Area Units: | Sqft |
| Lot Size Units: | Acres |
| MLS Area Major: | Metro Central |
| Parcel Number: | 548-201-11-00 |
| Photos Change Timestamp: | 2026-10-15T19:04:46Z |
| Roof: | Other/Remarks |
| Special Listing Conditions: | Other/Remarks |
| State Or Province: | CA |
| Stories Total: | 2 |
| Zoning: | RM-3-7 |
| Sdmls Neighborhood: | Valencia Park |
| Building Name: | NA |
| Sdmls Area Zip: | ENCANTO (92114) |
| Sdmls Lvt Date: | 2026-10-15 |
| Original List Price: | $1,150,000 |
| Sale Or Rent: | For Sale |
| Sdmls Status Detail: | 0 |
| Security Features: | Other/Remarks |
| Tenant Pays: | Trash, Electricity, Parking Fees, Other/Remarks |
| Listing Terms: | Other/Remarks |
| Sdmls Unit Numfor Unit1: | 1 |
| Sdmls Unit Numfor Unit2: | 2 |
| Sdmls Unit Numfor Unit3: | 3 |
| Sdmls Unit Numfor Unit4: | 4 |
| Pets Allowed: | Yes |
| Sdmls Internet Address: | 5388 Imperial Ave |
| Operating Expense: | $36,509 |
| Sdmls Unit1 Projected Rent: | 2,100 |
| Sdmls Unit2 Projected Rent: | 2,100 |
| Gross Scheduled Income: | $91,440 |
| Number Of Buildings: | 1 |
| Sdmls Max Search Price: | 1,150,000 |
| Sdmls Other Income Actual: | 6,220 |
| Sdmls Unit3 Projected Rent: | 2,100 |
| Sdmls Unit4 Projected Rent: | 2,100 |
| Sdmls Geo Update Timestamp: | 2026-10-15T17:24:05.6 |
| Sdmls Full Address: | 5388 Imperial Ave |
| Sdmls Pp Insta: | https://www.propertypanorama.com/instaview/snd/260024929 |
| Sdmls Unit1 Full Baths: | 1.0 |
| Sdmls Unit2 Full Baths: | 1.0 |
| Sdmls Unit3 Full Baths: | 1.0 |
| Sdmls Unit4 Full Baths: | 1.0 |
| Sdmls Unit1 Beds: | 2.0 |
| Sdmls Unit2 Beds: | 2.0 |
| Sdmls Unit3 Beds: | 2.0 |
| Sdmls Unit4 Beds: | 2.0 |
| Sdmls Lot Size: | 4, 000-7, 499 SF |
| On Market Date: | 2026-10-15 |
Listing Courtesy of: Daniel W. Withers
Listing Agent: Michael Kasser
619-382-3750
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© 2026 San Diego MLS.
San Diego MLS data last updated on October 21, 2026 08:01 AM - PT.
Property Last Updated: October 21, 2026 08:01 AM - PT

























