2436 Adams Ave

San Diego, CA, 92116
For Sale $4,250,000
  • 2.60acres
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.

Get in touch

Interested in this property or one like it? Reach out today to talk with advertising agent Shen Schulz.

Listed by:
Joseph Silva with CCG RE Investment Services Inc
(408) 772-6307
Aurmon Banitaba with CCG RE Investment Services Inc
(408) 772-6307
2436 Adams Ave is a Residential Income property located in San Diego, California, featuring a 2.600 acre lot, MLS #250033776SD.

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Data last modified: 2025-07-21 01:12:53