How to Use a VA Loan to Buy a Multifamily Property in San Diego (2025 Guide)
If you're a veteran, active-duty service member, or eligible reservist, using your VA loan benefit is one of the smartest ways to build long-term wealth through real estate. But did you know you can use a VA loan to buy a multifamily property in San Diego with little to no money down?
As a San Diego Realtor who specializes in multifamily investing and 1031 exchanges, I’ve helped many military buyers take advantage of their VA benefits to purchase 2-4 unit properties that not only give them a place to live but also generate rental income to offset (or completely cover) their mortgage.
Here’s how it works—and what you need to know in 2025.
1. VA Loans Can Be Used for 2-4 Unit Multifamily Properties
Yes, the VA allows you to buy a duplex, triplex, or fourplex with 0% down—as long as you live in one of the units as your primary residence.
This is called house hacking and it’s one of the best wealth-building tools available to veterans in high-cost markets like San Diego.
2. Requirements for Using a VA Loan on a Multifamily
Owner-occupancy: You must occupy one of the units within 60 days of closing.
Property condition: The property must meet VA minimum property requirements (MPRs).
Rental income: You can use projected rental income from the other units to help you qualify for the loan, depending on the lender.
Pro tip: Work with a lender who’s experienced with VA multifamily deals. Not all lenders know how to underwrite these properly.
3. Why San Diego Is Ideal for This Strategy
San Diego has a strong rental market, limited inventory, and high property values. That means:
Rents are high enough to cover a significant portion of your mortgage
Appreciation potential is strong
There are plenty of duplexes, triplexes, and fourplexes in neighborhoods like North Park, Normal Heights, Linda Vista, La Mesa, and Imperial Beach
I helped one active-duty client purchase a $1.5M triplex in Crown Point with $0 down using a VA loan. Today, the rental income covers the entire mortgage, and he lives in one unit—essentially living in San Diego for free while building equity.
4. What You Can Expect in 2025
Loan limits: There are technically no loan limits for VA loans if you have full entitlement, but lenders may cap based on your income and debt-to-income ratio.
Interest rates: VA loans continue to offer some of the lowest rates available.
San Diego prices: As of mid-2025, multifamily prices have remained relatively stable with increasing rental demand.
5. How to Get Started
If you’re interested in using your VA loan to buy a multifamily property in San Diego:
Get pre-approved with a VA-experienced lender
Work with an agent who understands VA + multifamily (this part is key)
Start analyzing properties where the rental income offsets your living expenses
Final Thoughts
Buying a multifamily home with a VA loan isn’t just about getting a good deal—it’s a chance to set yourself up for financial freedom.
I’m Twana Rasoul, San Diego Realtor and investment specialist. If you’re a veteran or active-duty buyer ready to own a duplex, triplex, or fourplex in San Diego, I’d be honored to help.
You can reach me at twanarasoulrealty.com, or text me directly at 619-792-8295.
Let’s turn your VA benefit into a cash-flowing investment in America’s Finest City.