Are you interested in investing in the California real estate market? Find out about the latest residential and mixed-use real estate projects in these popular California cities: Los Angeles, San Diego, San Jose, San Francisco, Sacramento, Oakland, and Berkeley.

California real estate

California is one of the biggest states in the US and it's the largest in terms of population. It’s no wonder that people want to live in a sunny state that has such a diverse landscape from the rugged yet beautiful Pacific coastline, to mountain ranges and wine-growing regions. There are plenty of cities to think about when it comes to real estate investment, whether you’re interested in moving to California yourself or just want to invest. 

In addition to its geographic allure, California also has a healthy job market. Have you ever heard of Amazon, Google, Apple, or Facebook? These are just some of the large companies that are based out of California and that support a high employment rate and a diverse economy. If you’re buying property for investment purposes, this will help ensure a consistent cash flow and demand from renters. California also remains a popular tourist destination for US residents and international travelers alike, with tourism spending surpassing 100 billion dollars in 2021. 

When you consider the job market and tourism with high property values, California is an exceptionally desirable destination for real estate investors. There are many thriving real estate markets in California. The most populous areas are the San Francisco and Oakland Bay Area, Southern California from Los Angeles to San Diego, and the Central Valley. We’ll look at cities within these areas that are popular among real estate investors, including Los Angeles, San Diego, San Jose, San Francisco, Sacramento, Oakland, and Berkeley. 

We’ll cover some of the largest and latest real estate projects in each of these cities, helping you to discover upcoming real estate investment opportunities across California. For each project, the developer, project type, size information, number of bedrooms, project status, and google review (as available) are included. The cities are covered in order from largest to smallest population.

Los Angeles

Los Angeles is in southern California and is the largest city in the state, sprawling across a hilly coastal plain. It’s known as the entertainment capital of the world because of the vast quantity of movies, television shows, and music that are produced in Hollywood. Los Angeles also has many museums, theaters, and sports arenas, so there’s plenty to keep you entertained in this city. It’s a real estate market with a lot of opportunities, ideal for both luxury properties in the hills and mid-to-high-end flipping. Some popular residential areas include Brentwood, Eagle Rock, Mar Vista, Playa Vista, and Studio City.

Here are some real estate market trends that may be of use if you are thinking of investing: 
  • 58.5% of the Los Angeles population are renters
  • Only 2.3% of houses and apartments are available to rent 
  • The median cost of a US home is $883,400 
  • Home appreciation in the last year is up by 16.7%
  • The median age of real estate is 57 years old

The Downtown Los Angeles development page was referenced to find the projects listed below.

Project name Developer Project type Project size Unit type/ bedrooms Project status
Ferrante GH Palmer Associates Residential 3 phases, 7 floors, 1150 units studio, 1-2 Estimated completion 2023
Beaudry Brookfield Properties Mixed-use 1 tower, 64 floors, 785 units n/a Estimated completion 2022
Alloy Carmel Partners Mixed-use 1 tower, 35 floors, 475 units n/a Vertical construction started 2022
Eighth & Figueroa Mitsui Fudosan America Residential 1 tower, 42 floors, 438 units studio, 1-2 Estimated completion 2023
200 Mesnager NBP Capital Mixed-use 2 towers, 6-7 floors, 280 units n/a Estimated completion 2024
Emerald Jade Enterprises Mixed-use 1 tower, 7 floors, 154 units studio, 1-3 Estimated completion 2022
1317 S. Grand Ave Housing Diversity Residential 1 tower, 8 floors, 147 units studio Construction estimated to begin 2022
1400 Fig Quantum Capital Partners and Pacific Southwest Realty Service Mixed-use 1 tower, 7 floors, 110 units n/a Estimated completion 2022
Ato ETCO Homes Residential 1 tower, 6 floors, 77 units studio, 1-2 Estimated completion 2022
708 S. New Depot St. Radcliff Construction Residential 1 tower, 6 floors, 33 units n/a Estimated completion 2022

San Diego

San Diego is a large coastal city in south California and is the 2nd largest city. It’s known for its pristine beaches, moderate climate, and family attractions including a world-famous zoo and amusement parks. San Diego is home to various tech companies as well as a military base. It’s popular among higher-income people looking for vacation homes or condominiums. Some popular residential areas include La Jolla, Coronado, Point Loma Peninsula, Del Mar, and Pacific Beach. 

Here are some real estate market trends that may be of use if you are thinking of investing:
  • 48.5% of the San Diego population are renters
  • Only 2.2% of houses and apartments are available to rent 
  • The median cost of a US home is $812,100
  • Home appreciation in the last year is up by 22.5%
  • The median age of real estate is 42 years old

The San Diego city government development page was referenced to find the projects listed below. Google reviews are included as many of these projects are completed and have residents already living in the building.

Project name Developer Project type Project size Unit type/ bedrooms Project status Google Review
The Society: Town & Country Residences Holland Partners and North America Sekisui House Residential 4 towers, 7 floors, 840 units 1-3 3 buildings completed, 4th building estimated completion 2023 3.9
Broadway Towers Pinnacle International Mixed-use 2 towers, 32 floors, 623 units 1-3 Tower 1 completed 3.6
Diega Bosa Development Residential 2 towers, 21-41 floors, 617 units studio, 1-2 Completed 4.1
The Jewel Pacific Coast Capital Partners Residential 1 tower, 22 floors, 445 units 1-3 Pre-leasing now n/a
Vive Luxe Pacific Coast Capital Partners Residential 1 tower, 5 floors, 442 units studio, 1-3 Completed 3.9
Purl Sudberry Properties Mixed-use 435 units studio, 1-3 Completed 3.1
The Merian Holland Partner Group Residential 1 tower, 34 floors, 426 units studio, 1-3 Completed 3.9
525 Olive Greystar Residential 1 tower, 20 floors, 204 units studio, 1-3 Completed 4.5
Cielo Greystar Residential 1 tower, 8 floors, 70 units studio, 1-2 Completed 3.4
Camden Hillcrest Camden Residential 3 towers 1-2 Completed 4.5

San Jose

San Jose is the 3rd largest city and is located in northern California and Silicon Valley, home to some of the world’s largest tech companies. These tech companies have sizable campuses, parts of which tourists can visit and pick up branded souvenirs. Thanks to the thriving economy and availability of high-paying jobs, you’ll find a variety of high-end shopping malls, performance spaces, and highly reviewed restaurants. Teleworking is common among San Jose’s residents, so if you work remotely, San Jose might just be the perfect place to live among like-minded people. The local government continues to invest in urban renewal projects and the city experiences a lot of innovation overall. Some popular residential areas include Willow Glen, Downtown San Jose, Japantown, West San Jose, Campbell, Los Gatos, Cupertino, Silver Creek, and Evergreen. 

Here are some real estate market trends that may be of use if you are thinking of investing:
  • 41% of the San Jose population are renters
  • Only 1.4% of houses and apartments are available to rent 
  • The median cost of a US home is $1,249,900
  • Home appreciation in the last year is up by 18.8%
  • The median age of real estate is 44 years old

The city of San Jose’s government development page was referenced to find the projects listed below.

Project name Developer Project type Project size Unit type/ bedrooms Project status
Communications Hill KB Homes Mixed-use 4 phases, multiple buildings, 2-9 floors, 4700 units n/a 2500 units constructed
San Jose Flea Market Southside Rezoning Project Berryessa FM Development LLC Mixed-use multiple buildings, 2-5 floors, 3450 units n/a Estimated construction start date 2024
El Paseo and 1777 Saratoga Ave Mixed-use Village El Paseo Property Owner LLC Mixed-use 4 towers, 7-11 floors, 994 units n/a Pending review by city government
Winchester Ranch Pulte Homes and Hanover Residential multiple buildings: 4 floors, 1 apartment building: 7 floors, 688 units total n/a Estimated completion 2024
The Maxwell at Bascom Station Bay West Development and Forum Real Estate Group Mixed-use 1 residential tower, 8 floors, 590 units n/a Estimated completion 2024
Cambrian Park Plaza Kimco Realty Mixed-use 3 towers, 4-6 floors, multiple buildings, 565 units total n/a Pending review by city government
Apollo Urban Catalyst Mixed-use 1 tower, 20 floors, 472 units studio, 1-3 Pending review by city government
Empire Lumber Mixed-use Project Pacific States Industries Developments Mixed-use 2 towers, 309 units n/a Pending review by city government
The Sunol Republic Family of Companies Mixed-use 1 tower, 14 floors, 263 units n/a Estimated completion 2023
Skyline at Tamien Station II Republic Family of Companies Residential 1 tower, 11 floors, 122 units studio, 1-2 Estimated completion 2022

San Francisco 

San Francisco is just north of San Jose and is the 4th largest city in California, full of contemporary art and cultural activities. The city is located at the tip of a peninsula and is surrounded by water on three sides. It’s one of the most ethnically and socially diverse cities in California, with communities where everyone can feel at home. A few of the most prominent tourist attractions are the Golden Gate Bridge, Presidio National Park, the San Francisco Museum of Modern Art, and Alcatraz Island. San Francisco is one of the richest cities in the US, with a secure job market and opportunities for savvy real estate investors. Some popular residential areas include Pacific Heights, Noe Valley, the Sunset District, Seacliff, Presidio Heights, the Marina District, and the Richmond District. 

Here are some real estate market trends that may be of use if you are thinking of investing:
  • 58.1% of the San Francisco population are renters
  • Only 1.7% of houses and apartments are available to rent 
  • The median cost of a US home is $1,471,200
  • Home appreciation in the last year is up by 2.1%
  • The median age of real estate is 75 years old

The city of south San Francisco development page was referenced to find the projects listed below.

Project name Developer Project type Project size Unit type/ bedrooms Project status
Mission Rock Tishman Speyer Mixed-use 1100 units n/a Estimated completion 2023
South San Francisco PUC Site AGI and Kasa Partners Mixed-use 3 towers, 800 units studio, 1-3 Construction start date 2023
124 Airport Blvd and 100 Produce Ave Hanover Company Residential 2 towers, 7 floors, 480 units n/a Entitled 2022
410 Noor Ave Sywest Development Mixed-use 1 tower, 3-5 floors, 338 units n/a Estimated completion 2024
Yerba Buena Island Residences Wilson Meany Residential 266 units, 31 private residences studio, 1-3 Construction underway, first move-ins completed
Cadence - Phase 2 Sares Regis Residential 1 tower, 7 floors, 195 units n/a Estimated completion 2024
Transbay Parcel F Hines, Urban Pacific, and Goldman Sachs Mixed-use 1 tower, 60 floors, 165 units n/a Project approvals completed 2021
Four Seasons Private Residences Westbrook Partners Mixed-use 1 tower, 43 floors, 164 units n/a Completed
Altitude Apartments Phase 2 Fairfield Residential Mixed-use 1 tower, 7 floors, 94 units studio, 1-2 Estimated completion 2023
Grand Avenue ROEM Development Mixed-use 1 tower, 4 floors, 47 units n/a Estimated completion 2023
Linden Avenue ROEM Development Residential 1 tower, 4 floors, 37 units n/a Estimated completion 2023

Sacramento

Sacramento is the inland capital city and the 6th largest city in California. While it’s often overshadowed by larger cities, it still has many historical sites, beautiful parks, breweries, and wineries to enjoy. Its relative affordability and lower cost of living make it an attractive option for renters and buyers alike. Some popular residential areas include Downtown Sacramento, East Sacramento, Land Park, Natomas Park, and North Oak Park. 

Here are some real estate market trends that may be of use if you are thinking of investing:
  • 48.2% of the Sacramento population are renters
  • Only 1.7% of houses and apartments are available to rent 
  • The median cost of a US home is $435,600
  • Home appreciation in the last year is up by 22.1%
  • The median age of real estate is 44 years old

The downtown Sacramento partnership development page was referenced to find the projects listed below. Google reviews are included as some of these projects are completed and have residents already living in the building.

Project name Developer Project type Project size Unit type/ bedrooms Project status Google Review
Arden Gateway DeBartolo Development Residential 2 phases, multiple buildings, 3 floors, 737 units studio, 1-3 Phase I (The Eisley) under construction 4
Natomas Fountains Tricap Development and Hines Interests Mixed-use 6 towers, 303 units studio, 1-2 n/a n/a
S3 Apartments Tricap Development Mixed-use 1 tower, 5 floors,  190 units studio, 1-2 Estimated completion 2023 n/a
Mansion Apartments SKK Developments Mixed-use 1 tower, 5 floors,  186 units studio, 1-3 Completed 4.3
The Fitzerald Trondheim Properties Mixed-use 1 tower, 5 floors,  51 units n/a n/a n/a
The Newton Booth HK3 Development Mixed-use 1 tower, 4 floors,  38 units studio, 1 Estimated completion 2023 n/a
The Savoy Next Generation Capital Residential 1 tower, 22 units n/a n/a n/a
Icon at 14C Lofts Tricap Development Residential 2 phases, 3 floor homes, 21+ units 2-3 Phase I completed 3.3
The Southsider HK3 Development Mixed-use 1 tower, 4 floors,  21 units studio, 1-2 Completed n/a
Curtis Park Apartments HK3 Development Mixed-use 1 tower, 2 floors,  8 units studio, 1-2 Completed n/a

Oakland

Oakland is right across San Francisco Bay, enjoying proximity to the big city while being a bit more laid back and family-friendly. It has a great food and art scene, and some unique historical sites, such as the USS Potomac. Increasingly high home values, inventory shortages, and low interest rates in Oakland favor long-term rental properties when it comes to real estate investment. Some popular residential areas include Downtown Oakland, Grand Lake, Piedmont Avenue, Rockridge, and Temescal. 

Here are some real estate market trends that may be of use if you are thinking of investing:
  • 54.8% of the Oakland population are renters
  • Only 1.4% of houses and apartments are available to rent 
  • The median cost of a US home is $923,400
  • Home appreciation in the last year is up by 20.3%
  • The median age of real estate is 67 years old

The city of Oakland’s government development page was referenced to find the projects listed below.

Project name Developer Project type Project size Unit type/ bedrooms Project status
500 Kirkham Panoramic Interests Mixed-use 3 towers and phases, 8-32 floors, 1032 units 2-4 n/a
Oak Knoll SunCal Mixed-use 918 units n/a Started in 2015
98th & San Leandro Madison Park Mixed-use 4 towers and townhouses, 399 units n/a In design phase
Hollis Street Lofts  Dettaglio Construction Mixed-use 1 tower, 2-4 floors,  124 units studio, 1-3 Completed
820 West MacArthur Levy Design Partners Residential 1 tower, 5 floors,  92 units studio, 2-4 Estimated completion 2023
2242 Magnolia Dettaglio Construction Residential 13 townhomes,  65 units n/a n/a
1705 Mandela Dettaglio Construction Residential 13 townhomes,  64 units n/a n/a
Derby Lofts  Dettaglio Construction Residential 1 tower, 4 floors,  63 units 1-3 n/a
1545 Hannah Dettaglio Construction Mixed-use 1 tower, 3 floors,  48 units n/a Estimated completion 2022
500 Grand Ave Anchor Valley Partners Mixed-use 1 tower, 6 floors,  40 units 1-2 Vintage in 2022

Berkeley

Berkeley is just north of Oakland, and while it may be a smaller city the median home cost surpasses that of even San Francisco. It’s home to UC Berkeley, one of the oldest higher education institutions in California, which attracts students and young professionals to the area and creates a high demand for rental properties. The city is a great mix of urban and suburban neighborhoods, with a variety of environments catering to all preferences. Some popular residential areas include Claremont, North Berkeley, Berkeley Oceanview, Elmwood, South Berkeley, Berkeley Hills, Central Berkeley, Downtown Berkeley, and Northbrae. 

Here are some real estate market trends that may be of use if you are thinking of investing:
  • 53.7% of the Berkeley population are renters
  • Only 1.3% of houses and apartments are available to rent 
  • The median cost of a US home is $1,519,800
  • Home appreciation in the last year is up by 18.3%
  • The median age of real estate is 78 years old

The city of Berkeley’s government development page was referenced to find the projects listed below.

Project name Developer Project type Project size Unit type/ bedrooms Project status
2274 Shattuck Panoramic Interests Mixed-use 1 tower, 17 floors,  239 units studio, 2, 4-5 Estimated completion 2024
1598 University NX Ventures Mixed-use 1 tower, 8 floors,  210 units studio, 1-2 Preliminary application submitted 2022
2801 Adeline Street NX Ventures Mixed-use 2 towers, 6-7 floors, 174 units n/a n/a
2136-2154 San Pablo Avenue San Pablo Investors Two Mixed-use 1 tower, 6 floors,  123 units studio, 1-2 n/a
1752 Shattuck Panoramic Interests Mixed-use 1 tower, 7 floors,  68 units studio, 2-3 Estimated completion 2023
1201-1205 San Pablo Avenue Jianyi Investment Development Mixed-use 1 tower, 7 floors,  66 units n/a n/a
1367 University Panoramic Interests Residential 1 tower, 4 floors,  40 units n/a n/a
2712 Telegraph Panoramic Interests Mixed-use 1 tower, 5 floors,  35 units n/a Estimated completion 2023
2555 College Panoramic Interests Residential 1 tower, 4 floors,  30 units n/a Estimated completion 2023
2800 Telegraph Panoramic Interests Mixed-use 1 tower, 5 floors,  13 units studio, 3-4 Estimated completion 2023

Next steps towards property ownership 

You now have a great background in some of the largest upcoming residential real estate projects in California. You’re familiar with the advantages and real estate markets of Los Angeles, San Diego, San Jose, San Francisco, Sacramento, Oakland, and Berkeley. Based on the portfolio of projects included, you can begin to get a picture of notable developers in each city, the project types and sizes, the completion dates, and initial customer reviews for those buildings that are completed. You can also check out the top real estate developers in the US to get more information about other developers in California and discover even more upcoming projects!

Maybe one of the projects above has piqued your interest and you’ve delved deeper into researching, now interested in exploring mortgage options. A mortgage calculator can help you determine how much you’ll need to borrow and pay every month. Additionally, you can use a debt service coverage ratio (DSCR) calculator to estimate your future property’s rental profit. On the other hand, you might still be doing research and trying to find your dream investment property. No matter what stage of the process you’re in, our professional advisers can help you. We can find you specialized mortgages even if you’re a foreigner and you don’t have a credit score. With assistance from the property search all the way to mortgage payments, we can help save you time and money. Register on our website and let us help you find the best financing option for your investment property.
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