23
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$2,700,000
Est. payment /mo
6,594 Sqft Lot
New
Madison Ave San Diego, CA 92116
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250035095SD
HOA Y/N No
Lot Size 6,594 Sqft
Property Sub-Type Mixed Use
Property Description
Exceptional 8-unit multifamily opportunity in the heart of Normal Heights — one of San Diego's most walkable and vibrant neighborhoods. This well-maintained property features eight 1-bedroom, 1-bath units, each offering comfortable layouts and consistent tenant demand. Residents enjoy convenient access to the 805, 8, and 15 freeways, along with a dynamic mix of nearby cafes, restaurants, and entertainment options. The property is fully landscaped and includes 8 off-street parking spaces — a rare and valuable amenity in this high-density area. With stable occupancy and significant upside in rental income, investors have a clear path to increased cash flow through strategic rent adjustments and the implementation of RUBS (Ratio Utility Billing System) for utilities such as water and trash. This is a strong value-add opportunity in a core San Diego submarket, ideal for investors seeking long-term growth and operational efficiency.
Location
State CA
County San Diego
Area 92116 - Normal Heights
Zoning R-3:RESTRI
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 8
Others
Tax ID 4475110100
Acceptable Financing Cash
Listing Terms Cash
Listed by Peter Giacalone ENG Properties