Madison Ave San Diego, CA ^$ 2,700,000

Madison Ave

^$ 2,700,000

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Recently Listed

Madison Ave

San Diego, CA, 92116

^$ 2,700,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 16,844

Listed by ENG Properties

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Commercial Property for sale in San Diego, CA

for $2,700,000. The lot size is 0.1514.

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.

Commercial Active

Price

^$ 2,700,000

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

0.1514

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

250035095SD

Days on Market

136

Features

General

Heating Wall Furnace

Roof Composition

Zoning R-3:RESTRI

HOA Fee 0

Construction Materials Stucco

Property Subtype Mixed Use

County San Diego

Net Operating Income 114643

Operating Expense 40450

Property Type Commercial Sale

Status Active

Directions 3205 Madison on Google Maps

City San Diego

Number Of Units Total 8

MLS Area 92116 - Normal Heights

Lot Size Units Square Feet

Lot Size Square Feet 6595

Carport Spaces 0

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/instaview/snd/250035095

Standard Status Active

Property Sub Type Additional Mixed Use

Cap Rate 4.24

Interior

Air Conditioning Y/N 0

Heating Y/N 1

Total Baths 0

Exterior

Total Parking 8

Lot Size Area 6595

Number of Buildings 1

Lot Dimensions 128x52

Lot Size Acres 0.1514

* Excluded Features

List By

Eng Properties

Broker

peter@engproperties.com

Affordability Calculator

$16,844

Per Month

Monthly Principal & Interest: $16,844
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in San Diego, CA

Average List Price ^$2,767,597

Percent of Sale Price 3%

About San Diego, CA

1,417,428 Population

15% Since 2002

^$72,408 Median Income

36.37 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/25/2025	$2,700,000		Listed Price

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Madison Ave, San Diego, CA, 92116 is a Commercial Property for sale at $2,700,000 with a lot size of 0.1514. The property's zip code is 92116 which is in San Diego, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/14/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Madison Ave

Commercial Property for sale in San Diego, CA

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