3351-3359 Madison Ave
San Diego, CA 92116
Immeuble residentiel Propriété À vendre · 16 Unités

This rare offering features three meticulously maintained apartment buildings in the highly desirable Normal Heights neighborhood of San Diego. Located just steps from the vibrant Adams Avenue corridor, residents enjoy walkable access to eclectic dining, boutique retail, and lively nightlife. The property’s strategic position between I-805 and I-15 ensures quick connectivity to Mission Valley and Downtown San Diego, enhancing its appeal for renters seeking convenience and lifestyle.
Comprising 16 studio units across three separate parcels, this portfolio presents a compelling value-add opportunity. Current rents are significantly below market, creating immediate upside for investors. Each building has undergone extensive upgrades, including new siding, windows, roofs under warranty, and major plumbing improvements with a 15-year sewer line warranty. With historically low vacancy and strong rental demand, this asset offers stability and growth potential in one of San Diego’s most dynamic neighborhoods.
The property’s configuration allows for creative strategies—whether holding as a cash-flowing investment, repositioning for higher rents, or leveraging separate APNs for flexible financing. This is an ideal candidate for a 1031 exchange or long-term portfolio addition.