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.
For sale
$2,700,000
Madison Ave, San Diego, CA 92116
8beds
8baths
5,292sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$2,625,500 Zestimate®
$510/sqft
$-- HOA
What's special
Comfortable layouts
- 136 days |
- 139 |
- 6 |
Zillow last checked: 8 hours ago
Listing updated: August 13, 2025 at 08:40am
Listed by:
Peter L Giacalone DRE #01924397 619-993-0469,
ENG Properties,
Katy Sullivan DRE #01925534 619-994-5802,
ENG Properties
Source: SDMLS,MLS#: 250035095
Originating MLS: San Diego Association of REALTOR
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Wall
Cooling
- None
Features
- Flooring: Wood
Interior area
- Total structure area: 5,292
- Total interior livable area: 5,292 sqft
Video & virtual tour
Property
Parking
- Total spaces: 8
- Parking features: Spaces
Features
- Levels: 2 Story
- Stories: 2
Lot
- Size: 6,534 Square Feet
- Dimensions: 128 x 52
Details
- Parcel number: 4475110100
- Zoning: R-3:RESTRI
- Zoning description: R-3:RESTRI
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Fully Landscaped
- Roof: Composition
Community & HOA
Community
- Features: None
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $510/sqft
- Date on market: 8/1/2025
- Listing terms: Cash
- Total actual rent: 13635
Estimated market value
$2,625,500
$2.49M - $2.76M
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2025 | Listed for sale | $2,700,000$510/sqft |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$16,857/mo
Principal & interest
$13280
Property taxes
$2632
Home insurance
$945
Climate risks
Neighborhood: Normal Heights
Nearby schools
GreatSchools rating
- 5/10Adams Elementary SchoolGrades: K-5Distance: 0.4 mi
- 4/10Wilson Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10Hoover High SchoolGrades: 9-12Distance: 1.6 mi
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