CA > San Diego > University Heights
San Diego, CA 92116,2436 Adams Ave
San Diego, CA 92116,2436 Adams Ave
San Diego, CA 92116,2436 Adams Ave
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$3,999,000
Est. payment /mo
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10 Beds
10 Baths
2.6 Acres Lot
Price Dropped by $251K

2436 Adams Ave San Diego, CA 92116

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Richard Combs

Richard Combs

+1(619) 838-9307

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision University Heights

MLS Listing ID 250033776

Bedrooms 10

Full Baths 10

Year Built 1942

Lot Size 2.600 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Rarely available 2.6-acre infill site in the heart of University Heights — fully occupied and income-producing with major development potential. Located at 2436 Adams Ave, this oversized parcel sits along one of San Diego's most walkable, amenity-rich corridors, making it an ideal candidate for townhome or multifamily development. The property is currently improved with a remodeled 4-unit configuration: a detached 4BD/4BA home and a three-unit, two-story building of 2BD/2BA units — generating $15,900/month in rental income. All units are updated and leased, providing immediate cash flow during entitlement or planning. Plans for 18 two-story townhomes have already been submitted to the City, saving valuable time in the development process. RM-2-5 zoning under the Complete Communities Overlay increases FAR, density, and reduces parking constraints. Additional land zoned RM-1-1 provides flexibility for future concepts. Developers and investors may purchase this property on its own or combine it with adjacent Arizona Street parcels (also available) to create a 3.14-acre multi-phase project totaling 43 proposed units. This is a rare opportunity to control scale, collect income, and unlock long-term value in one of San Diego's most sought-after urban neighborhoods.

Location

State CA

County San Diego

Area Metro Uptown

Zoning RM1-1

Interior

Cooling Wall/Window

Fireplace No

Exterior

Fence Partial

Utilities Available Sewer Connected

View Y/N Yes

Water Access Desc Meter on Property

View Valley/Canyon

Roof Type Composition

Building

Story 2

Water Meter on Property

Level or Stories 2

Others

Senior Community No

Tax ID 438-320-08-00

Acceptable Financing Cash, Conventional, Exchange, FHA

Listing Terms Cash, Conventional, Exchange, FHA

Virtual Tour https://www.propertypanorama.com/instaview/snd/250033776

MLS Router / San Diego MLS
Listed by Joseph D Silva CCG RE Investment Services Inc

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Richard Combs

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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2436 Adams Ave

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