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
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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2026
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James Olvera

James Olvera

The Warburton Team

+1(909) 760-9091
$ 3,999,000
Est. payment | /mo

2.6 Acres Lot

Save Virtual Tour
$ 3,999,000
Est. payment | /mo
Save Virtual Tour

2.6 Acres Lot

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 18 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 43 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

Virtual Tour https://www.propertypanorama.com/instaview/snd/250033776

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

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