Prime value-add + development opportunity in highly desirable Talmadge. This 6,600 SF RM-1-1 zoned lot currently features three units: a front duplex with two 1bd/1ba units, plus a detached 2bd/1ba house in the rear. Seller has fully approved permits in hand to demolish the rear house and construct 9 new units, while retaining and renovating the existing duplex—bringing the total to 11 rentable units. New ownership can begin renovations and lease-up immediately. Projected pro forma cap rate of 7.5%. Located in a low-density, high-demand rental market with limited multifamily supply. Excellent access to I-8 and I-15 puts you minutes from Downtown, Mission Valley, Kensington, and the College Area. Rare opportunity to develop in one of San Diego’s most stable, appreciating infill neighborhoods. Please see the documents section to download the full marketing package for this property.