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2436 Adams Ave

San Diego, CA 92116

– beds
– baths
– sqft
~3 acre lot
1942 build
– on site

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.

Listed By SDMLS / Joseph Silva / CCG RE Investment Services Inc

Last checked: Checking… • Last updated Jul 18, 2025 •

MLS# 250033776SD —

The Building

Year Built:

1942
Total Number Of Units:

4
# of Buildings:

1
Roof:

Composition
Stories Total:

2
Number With Patio:

4

Interior

Levels:

Two

Location

Directions:

CrossStreet: Adams Ave
Latitude:

32.76364800
Longitude:

-117.13839342

The Property

Property Type:

Residential Income
Zoning:

RM1-1
Lot Size Area:

113256.0000
Lot Size Acres:

2.6000
Lot Size SqFt:

113256.00
Lot Size Source:

Assessor
View:

1
Fencing:

Partial
Fence:

Yes

Listing Agent

Contact info:

The Listing

Parcel Number:

4383200800

Heating & Cooling

Heating:

1
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

The Community

Subdivision:

University Heights
Subdivision:

University Heights
Neighborhood:

University Heights
Park Name:

NA
Senior Community:

No
Spa:

1
Spa Features:

None

Extra Units

Number With Dishwasher:

4
Number With Refrigerator:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
7/17/25 Jul 17, 2025	Listed / Active	CRMLS_CA	$4,250,000
7/7/22 Jul 7, 2022	Sold Subject To Contingencies	CRMLS_CA
6/22/22 Jun 22, 2022	Listed / Active	CRMLS_CA

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This multifamily located in Central San Diego, San Diego, CA 92116 is currently for sale for $4,250,000. 2436 Adams Ave is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. 2436 Adams Ave is in the Central San Diego neighborhood of San Diego and has a WalkScore® of 90, making it a walker’s paradise. This multifamily is in the attendance area of San Diego High School, Garfield Elementary School, and Roosevelt International Middle School.

Listing Courtesy of: CRMLS_CA and CCG RE Investment Services Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 22:38 on Jul 18.

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.