Madison Ave, San Diego CA 92116 | $2,700,000
Listing provided courtesy of Peter Giacalone of ENG Properties. Last updated 2025-10-06 08:40:25.000000. Listing information © 2025 SANDICOR.
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.
More Details
Parking Spots: 8.00
Carport Spaces: 0.00
Construction Materials: Stucco
Heating: Wall Furnace
David Piper
Call or Text: 858-525-5007
DRE# 02021985
