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.
- Heating System:
- Wall
- Cooling System:
- None
- Parking:
- Spaces
- Flooring:
- Wood
- Country:
- US
- State:
- CA
- County:
- SD
- City:
- San Diego
- Zipcode:
- 92116
- Street:
- Madison Ave
- Longitude:
- W118° 52' 30.8''
- Latitude:
- N32° 45' 39''
- Directions:
- 3205 Madison on Google Maps
- Mls Area Major:
- Metro Uptown
- Zoning:
- R-3:RESTRI
- Office Name:
- ENG Properties
- Agent Name:
- Peter L Giacalone
- Building Size:
- 5292
- Community Features:
- None
- Construction Materials:
- Fully Landscaped
- Levels:
- 2 Story
- Lot Size Dimensions:
- 128x52
- Number Of Units Total:
- 8
- Stories:
- 2
- Virtual Tour:
- https://www.propertypanorama.com/instaview/snd/250035095
- Co List Agent Full Name:
- Katy Sullivan
- Co List Agent Mls Id:
- 660269
- Co List Office Mls Id:
- 67016
- Co List Office Name:
- ENG Properties
- List Agent Mls Id:
- 659477
- List Office Mls Id:
- 67016
- Listing Term:
- Cash
- Mls Status:
- ACTIVE
- Modification Timestamp:
- 2025-08-13T15:36:08Z
- Originating System Name:
- SDMLS
- Special Listing Conditions:
- N/K
Residential Income
Madison Ave, San Diego, CA 92116
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 250035095
- Price :
- $2,700,000
- Bedrooms :
- 8
- Bathrooms :
- 8
- Square Footage :
- 5,292
- Status :
- Active
- Property Sub Type :
- Com-Res Income
- Roof:
- Composition
