2436 Adams Ave, San Diego, CA 92116

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
2436 Adams Ave,San Diego, CA 92116
$3,999,000
Virtual Tour
  • 10 Beds
  • 10 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: joseph d silva, aurmon banitaba
Office: ccg re investment services inc
MLS#:250033776
Source:San Diego MLS via CRMLS

Price summary

  • Price:$3,999,000

About this home

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

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Home facts

  • Year built:1942
  • Listing ID #:250033776
  • Added:158 day(s) ago
  • Updated:December 31, 2025 at 03:02 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:10
  • Full bathrooms:10

Heating and cooling

  • Cooling:Wall/Window

Structure and exterior

  • Roof:Composition
  • Year built:1942

Utilities

  • Water:Meter on Property
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,999,000
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