Madison Ave, Normal Heights, CA 92116
- $2,700,000
- 8
- BD
- 8
- BA
- 5,292
- SqFt
- List Price
- $2,700,000
- Status
- ACTIVE
- MLS#
- 250035095
- Bedrooms
- 8
- Bathrooms
- 8
- Living Sq. Ft
- 5,292
- Property Type
- Multifamily
Property Description
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.
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Additional Information
- Cooling
- None
- Living Area
- 5,292
- Roof
- Composition
- Stories
- 2
Mortgage Calculator
Listing courtesy of Listing Agent: Peter L Giacalone (619-993-0469) from Listing Office: ENG Properties.
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