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… Read More 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. Read Less
Listing Snapshot
Days Online
93
Last Updated
Property Type
Other
Lot Size
2.6 Acres
Year Built
1942
MLS Number
250033776SD
30 Days Snapshot Of 92116
$1.13M
-4%
(avg) sold price
14
-33%
homes sold
48
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1942, Levels: Two, 2 stories, 1 building
Cooling
WallWindowUnits
Fence
Partial
Income
Net operating income: $138,600
Lot
2.6 acres, 113,256 square feet, Size: 113,256
Property
Zoning: RM1-1
Roof
Composition
Spa
None
Tenant Pays
Electricity, Water
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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