CA > San Diego > University Heights
San Diego, CA 92116,2436 Adams Ave
San Diego, CA 92116,2436 Adams Ave
San Diego, CA 92116,2436 Adams Ave
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Jerrod Waller

Jerrod Waller

+1(858) 822-8634
$4,250,000
Est. payment /mo
10 Beds
10 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision University Heights

MLS Listing ID 250033776

Bedrooms 10

Year Built 1942

Property Sub-Type Res Income 2-4 Units

Property Description

Rarely available 2.6-acre infill site in the heart of University Heights — fully occupied and income-producing with major development potential. Located at 2436 Adams Ave, this oversized parcel sits along one of San Diego's most walkable, amenity-rich corridors, making it an ideal candidate for townhome or multifamily development. The property is currently improved with a remodeled 4-unit configuration: a detached 4BD/4BA home and a three-unit, two-story building of 2BD/2BA units — generating $15,900/month in rental income. All units are updated and leased, providing immediate cash flow during entitlement or planning. Plans for 16 two-story townhomes have already been submitted to the City, saving valuable time in the development process. RM-2-5 zoning under the Complete Communities Overlay increases FAR, density, and reduces parking constraints. Additional land zoned RM-1-1 provides flexibility for future concepts. Developers and investors may purchase this property on its own or combine it with adjacent Arizona Street parcels (also available) to create a 3.14-acre multi-phase project totaling 41 proposed units. This is a rare opportunity to control scale, collect income, and unlock long-term value in one of San Diego's most sought-after urban neighborhoods.

Location

State CA

County San Diego

Area Metro Uptown

Zoning RM1-1

Interior

Cooling Wall/Window

Fireplace No

Exterior

Fence Partial

Utilities Available Sewer Connected

View Y/N Yes

Water Access Desc Meter on Property

View Valley/Canyon

Roof Type Composition

Building

Story 2

Water Meter on Property

Level or Stories 2

Others

Tax ID 438-320-08-00

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MLS Router / San Diego MLS
Listed by Joseph D Silva CCG RE Investment Services Inc
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“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
 

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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2436 Adams Ave