$4,250,000

2436 Adams Ave San Diego, CA 92116

North Park Neighborhood

Estimated payment $26,894/month

Total Views 4,198
10 Beds
10 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 2.6 Acre Lot
  • Valley View
  • Partially Fenced Property
  • Garfield Elementary Rated A-

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 16 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 41 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.

Listing Agent

Joseph Silva

CCG RE Investment Services Inc License #02158753 Listed on: 07/17/2025

Co-Listing Agent

Aurmon Banitaba

CCG RE Investment Services Inc License #02040003

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 2.6 Acre Lot
  • Partially Fenced Property
  • Irregular Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Valley Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Water Meter

Community Details

  • 4 Units
  • Net Operating Income $138,600

Listing and Financial Details

  • Assessor Parcel Number 438-320-08-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Adams Ave
  • Neighborhood: University Heights
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 1942
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition
  • View: Valley/Canyon

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property

Condo/Co-op/Association

  • Community: UNIVERSITY HEIGHTS

Lot Info

  • Lot Size: 2+ to 4 AC
  • Site: Irregular Lot
  • Zoning: RM1-1
  • Assessor Parcel Number: 438-320-08-00
  • Estimated Lot Sq Ft: 113256
  • Estimated Number of Acres: 2.6
  • Map Code Column: D
  • Map Code Page: 1269
  • Map Code Row: 3

Rental Info

  • Tenant Pays: Water, Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 138600
  • Annual Expense Actual: 52200
  • Gross Rent Multiplier Actual: 22.0
  • Gross Sched Income Actual: 190800
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 4
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4
  • Other Income Actual: 10800

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 For Sale $4,250,000 -- --
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250033776

San Diego MLS

APN: 438-320-08-00

California San Diego County San Diego 92116 North Park

2436 Adams Ave, San Diego, CA

This home is located at 2436 Adams Ave, San Diego, CA 92116 and is currently priced at $4,250,000. This property was built in 1942. 2436 Adams Ave is a home located in San Diego County with nearby schools including Garfield Elementary, Roosevelt International Middle School, and San Diego Global Vision Academy.

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Joseph Silva
Listing Agent
Joseph Silva
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CCG RE Investment Services Inc
(559) 967-5913