23
See all 23 photos
$2,700,000
Est. payment /mo
8 Beds
8 Baths
5,292 SqFt
New
Madison Ave San Diego, CA 92116
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Key Details
Property Type Single Family Home, Condo
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
Building
Dwelling Type Apartment
Story 2
Others
Tax ID 447-511-01-00
Listed by Peter L Giacalone ENG Properties