Homes for sale - Madison Ave, San Diego, CA 92116

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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$2,700,000

Est. payment - /mo

8 Beds

5,292 SqFt

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Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 5,292 sqft

Price per Sqft $510

MLS Listing ID 250035095

Bedrooms 8

Lot Dimensions 128x52

Property Sub-Type Com-Res Income

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 Metro Uptown

Zoning R-3:RESTRI

Direction 3205 Madison on Google Maps

Interior

Heating Wall

Cooling None

Flooring Wood

Fireplace No

Exterior

Parking Features Spaces

View Y/N No

Roof Type Composition

Total Parking Spaces 8

Building

Dwelling Type Apartment

Story 2

Others

Senior Community No

Tax ID 447-511-01-00

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/instaview/snd/250035095

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Listed by Peter L Giacalone ENG Properties

“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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