CA > San Diego > University Heights
San Diego, CA 92116,2436 Adams Ave
San Diego, CA 92116,2436 Adams Ave
San Diego, CA 92116,2436 Adams Ave
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,250,000
Est. payment /mo
2.6 Acres Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision University Heights

MLS Listing ID 250033776SD

HOA Y/N No

Year Built 1942

Lot Size 2.600 Acres

Property Description

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.

Location

State CA

County San Diego

Area 92116 - Normal Heights

Building/Complex Name NA

Zoning RM1-1

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Fence Partial

View Y/N Yes

Roof Type Composition

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 4383200800

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

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CRMLS – RECore
Listed by Joseph Silva CCG RE Investment Services Inc

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