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For sale
  • $2,700,000

    Madison Ave, San Diego, CA 92116

    8beds
    8baths
    5,292sqft
    : 
    Multi Family
    Built in ----
    -- sqft lot
    $2,625,500 Zestimate®
    $510/sqft
    $-- HOA

    What's special

    Comfortable layouts
    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.
    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#: 250035095MLS LogoOriginating MLS: San Diego Association of REALTOR

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    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
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    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
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    Estimated market value

    $2,625,500

    $2.49M - $2.76M

    Not available

    Price history

    Price history
    DateEventPrice
    8/1/2025Listed for sale$2,700,000$510/sqft
    Source: SDMLS #250035095 Report a problem

    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

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