3205-3211 Madison Ave - Apartments FOR SALE


San Diego, CA 92116- Normal Heights
$2,700,000 USD
619-993-0469
3205-3211 Madison Ave, San Diego, CA for Sale
$2,700,000 USD
Apartments - FOR SALE
1/23
null | 4.2% Cap Rate

3205-3211 Madison Ave
San Diego, CA 92116
Normal Heights


HIGHLIGHTS

  • Convenient access to the 805, 8, and 15 freeways,
  • 8 off-street parking spaces
  • Upward potential in rent and opportunity for increased cash flow through RUBS.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$377 USD /SF

# OF UNITS

8

PRICE/UNIT

$337,500

CAP RATE

4.2%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1943

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

R3

APN/PARCEL ID

447-511-01

ASK ABOUT THIS PROPERTY

Peter GiacaloneENG & Willin PropertiesMore Info
619-993-0469

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Peter GiacaloneENG & Willin PropertiesMore Info
619-993-0469

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.