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$4,900,000

11 Beds

17 Baths

260021332 MLS

ACTIVE Status

Pleased to present the 3131-49 & 3151-57 Adams Avenue Portfolio, a 17-unit multifamily and mixed-use portfolio located in San Diego, California. Situated along iconic Adams Avenue in the highly desirable Normal Heights neighborhood, the offering consists of the adjacent 10-unit apartment complex at 3151-57 Adams Avenue and seven-unit mixed-use property at 3131-49 Adams Avenue. Originally built in 1939 and 1965, respectively, both assets were thoughtfully renovated in 2025 and combine for approximately 7,520 rentable square feet across 15,246 square feet of land. Additionally, the portfolio offers significant long-term redevelopment potential, as both properties are located within Complete Communities Tier 3, allowing up to 6.5 FAR, and are zoned CUPD-CU-3-3. The residential component consists of 13 units, including two detached one-bedroom/one-bath cottages, two studios, and nine one-bedroom/one-bath apartments, complemented by four high visibility retail spaces at 3131-49 Adams Avenue. Current retail tenants include a massage studio, pet grooming salon, and bookstore occupying two combined commercial spaces. The residential units were recently remodeled with upgraded interiors including quartz countertops, updated cabinetry, new appliances, and renovated bathrooms, with select units featuring refinished original hardwood or new vinyl plank flooring. Each residential unit also features mini-split A/C systems and tankless water heaters, enhancing tenant comfort and operating efficiency. (7) apartment units have also been amenitized with in-unit, full-size stackable W/D.

3131-57 Adams Ave, Normal Heights

$499,000

1 Beds

1 Baths

NDP2608200 MLS

ACTIVE Status

Uptown BLDG.

Exciting opportunity to complete and customize this spacious home in the heart of Hillcrest! The property is currently in the midst of a remodel, creating a unique opportunity for the next owner to make it their own and build equity. The bathroom is partially completed, and all remaining tile and flooring materials are included. Enjoy abundant closet space, a large living area, and the opportunity to design your own dream kitchen. French doors open to a long private deck overlooking Washington Street and the iconic Vermont Street Bridge. Upscale appliances are also available for purchase separately. Located just steps from Ralphs, Trader Joes, and the vibrant Hillcrest hub, this location puts shopping, dining, entertainment, and everything the neighborhood has to offer right outside your door. With continued growth and energy throughout the area, this property offers excellent potential as a primary residence, investment property, or rental opportunity. Bring your vision and finish this home to your taste while creating the opportunity for future equity. This area pulls a high rent due to its desirability There is one parking space with this unit that is directly behind the elevator which drops you off steps away from your front door. Exciting opportunity to complete and customize this spacious home in the heart of Hillcrest! The property is currently in the midst of a remodel, creating a unique opportunity for the next owner to make it their own and build equity. The bathroom is partially completed, and all remaining tile and flooring materials are included. Enjoy abundant closet space, a large living area, and the opportunity to design your own dream kitchen. French doors open to a long private deck overlooking Washington Street and the iconic Vermont Street Bridge. Upscale appliances are also available for purchase separately. Located just steps from Ralphs, Trader Joes, and the vibrant Hillcrest hub, this location puts shopping, dining, entertainment, and everything the neighborhood has to offer right outside your door. With continued growth and energy throughout the area, this property offers excellent potential as a primary residence, investment property, or rental opportunity. Bring your vision and finish this home to your taste while creating the opportunity for future equity. This area pulls a high rent due to its desirability There is one parking space with this unit that is directly behind the elevator which drops you off steps away from your front door.

1270 Cleveland Ave Unit K103, Mission Hills

$1,550,000

6 Beds

5 Baths

260021329 MLS

ACTIVE UNDER CONTRACT Status

Pleased to present 3139-47 Reynard Way located in San Diego, CA. The 5-unit apartment complex is ideally located in the central neighborhood of Bankers Hill and boasts proximity to all the best attractions the neighborhood has to offer. Originally built in approximately 1957, the property is situated on a large 8,946 SF lot and the building measures approximately 3,250 square feet. The unit mix consists of (4) 1-bedroom / 1-bathroom units and (1) 2-bedroom/1-bathroom unit. The 2-bedroom unit is currently rented as a 1-bedroom unit with the second bedroom being used as storage but could easily be repurposed back into an additional bedroom. Current ownership has self-managed the property and completed some capital improvements including dual-pane vinyl windows in all units and a newer hot water heater. Attractive tenant offerings of the single-story complex include a communal courtyard space, on-site laundry room and back porch area for select units. Current rents are significantly below market and offer a savvy investor an opportunity to extensively renovate and capture market rents in this desirable location. The property is also situated in Complete Communities Tier 3 allowing a 6.5 FAR and the large lot size could bode well for a complete redevelopment to significantly increase density. Located within minutes of iconic Balboa Park and the bustling neighborhoods of Mission Hills and Hillcrest, the property is well positioned for continued growth.

3139-47 Reynard Way, Mission Hills

$3,600,000

4 Beds

3 Baths

PTP2606618 MLS

ACTIVE Status

4341 Texas Street, San Diego offers a fully renovated, 1987 construction, 9-unit multifamily asset with an excessive 14 off-street parking spaces, immediate cash flow and remaining rental upside. 100% of units have been renovated. The property is ideally situated in the center of Northpark, one of San Diegos strongest and fondest rental markets. The property consists of an ideal and diverse unit mix of (6) 1 Bed / 1 Bath and (3) 3 Bed / 2 Bath units. All 3-Bedroom units possess in-unit laundry and AC. Onsite laundry is provided for the 1-bedroom units. Parking is highly demanded and necessary to drive strong rents and occupancy in the Northpark Submarket. 4341 Texas will outperform competing rentals by providing over a 1:1 off-street parking ratio plus an additional 4 garage spaces yielding 14 total parking spaces for 9 units, which is just shy of 1 parking space per bedroom, an extremely rare commodity in the dense Northpark submarket. The property features full ABS plumbing, individual unit water heaters for reduced SDGE usage,Challenger brand electrical panels with Romex wiring (400 amp/220V main service), and a pitched shingle roof. Ownership will benefit from the highly desirable infrastructure systems of a 1987 construction asset while maintaining the operational simplicity of a low-density asset, 2 story walk up building. The asset currently generates $272,612,412 annual GSI and $181,414 NOI, yielding a 5.04% in-place cap rate. There is approximately 11% income upside remaining with select units, the implementation of a utility billback program, and separated billing 4341 Texas Street, San Diego offers a fully renovated, 1987 construction, 9-unit multifamily asset with an excessive 14 off-street parking spaces, immediate cash flow and remaining rental upside. 100% of units have been renovated. The property is ideally situated in the center of Northpark, one of San Diegos strongest and fondest rental markets. The property consists of an ideal and diverse unit mix of (6) 1 Bed / 1 Bath and (3) 3 Bed / 2 Bath units. All 3-Bedroom units possess in-unit laundry and AC. Onsite laundry is provided for the 1-bedroom units. Parking is highly demanded and necessary to drive strong rents and occupancy in the Northpark Submarket. 4341 Texas will outperform competing rentals by providing over a 1:1 off-street parking ratio plus an additional 4 garage spaces yielding 14 total parking spaces for 9 units, which is just shy of 1 parking space per bedroom, an extremely rare commodity in the dense Northpark submarket. The property features full ABS plumbing, individual unit water heaters for reduced SDGE usage,Challenger brand electrical panels with Romex wiring (400 amp/220V main service), and a pitched shingle roof. Ownership will benefit from the highly desirable infrastructure systems of a 1987 construction asset while maintaining the operational simplicity of a low-density asset, 2 story walk up building. The asset currently generates $272,612,412 annual GSI and $181,414 NOI, yielding a 5.04% in-place cap rate. There is approximately 11% income upside remaining with select units, the implementation of a utility billback program, and separated billing one of the double car garages. The asset is forecasted to produce $301,380 GSI and a 5.78% market cap rate at full market operations, with no additional capital investment required to achieve that additional income

4341 Texas St, North Park

$2,200,000

6 Beds

6 Baths

260021301 MLS

ACTIVE Status

ALL SIX UNITS DELIVERED VACANT. This six-unit, all one-bedroom, one-bath building in central San Diego (Mission Hills/University Heights corridor) gives an investor a clean slate: no existing leases to unwind, no legacy rent roll to inherit, and full control over lease-up strategy, unit renovation sequencing, and rent positioning from the first day of ownership. The property carries genuine mid-century character, including vaulted open-beam ceilings and individually metered utilities, and sits in a central, in-demand rental submarket near Hillcrest, Mission Hills, and North Park. Ideal for a value-add investor or owner-user looking to reposition a well-located asset on their own timeline. FINANCIAL DISCLOSURE - SOURCE: SELLER/OWNER RECORDS. Property has been owned and occupied by a nonprofit religious organization since 1993 and was never operated as a conventional rental; no rental history exists. All income figures, including Monthly Rent Total, are projections at estimated market rents. Actual expenses shown are per owner records and reflect owner-occupied usage; gas & electric reflects owner paying all six separately metered units. Property taxes are omitted from actual expenses due to owner's tax-exempt status; Projected Taxes are an estimate at reassessed value. Projected Insurance reflects a market-rate quote. Projected Maintenance is a standard allowance; owner reports no consistent maintenance expense. Projected Trash and Projected Pest Control reflect estimated market-rate service levels; owner-reported amounts pending final verification. Property management expense not included; buyer to apply own assumptions. Roof replaced approx. 2018 and four water heaters replaced approx. 2023, per seller. All figures approximate. Buyer to verify all information and rely on buyer's own investigation.

1029-33 Hayes Ave, Mission Hills

$2,599,000

6 Beds

5 Baths

260021248 MLS

ACTIVE Status

- BLDG.

A rare 3-unit Banker's Hill investment, available for the first time in 22 years. Designed for the live-in investor: settle into a designer-finished home while two rental units help assist with the mortgage. Also ideal for multi-generational families seeking separate yet connected living spaces under one roof. Top-floor #120 (2BR/2BA, 909sf) carries $280K in PIRCH-sourced improvements: full marble-walled gas fireplace, Liebherr/Bosch chef's kitchen with wine cooler and skylight, spa-caliber primary bath, and a private yard. Lower #112 (2BR/2BA, 1,243sf) and upper-corner #116 (2BR/1BA, 1,216sf) each add two flexible bonus rooms, renovated kitchens, Carrara marble baths, restored hardwoods, wooden shutters, AC, and bay/sunset views. Current rents $3,725/mo each on month-to-month leases; projected market gross $16,500/mo. 4 garaged spaces of which 3 are currently bundled with the units and available to unbundle for added income. Strong Airbnb upside: live in one, rent the other two short-term. Lush landscaping on a 5,236 sf lot, steps to Balboa Park, Little Italy dining, and the bay. Banker’s Hill is one of San Diego’s most sought-after uptown neighborhoods, perched on the bluff between Balboa Park and the bay with Hillcrest just to the north and Little Italy steps to the south. The 112 to 120 Redwood Street homes sit on the quieter, west-facing side of this affluent enclave, where tree-lined streets, historic Craftsman and Victorian architecture, and modern luxury builds combine to create a walkable lifestyle that’s hard to replicate anywhere else in the city. Owners here trade the typical suburban routine for morning walks through Balboa Park’s 1,200 acres of museums, gardens, and trails, evenings at neighborhood staples like Cucina Urbana and Mister A’s, and weekend strolls across the historic Spruce Street Suspension Bridge or down the hill to Little Italy’s Saturday farmers market. With sweeping views toward the bay, Coronado, and the Downtown skyline, immediate access to the I-5 and the 163, and a quick drive to the airport, Gaslamp, and the Coronado Bridge, Redwood Street delivers the rare combination buyers chase in central San Diego: a quiet residential street, an elevated city perspective, and a neighborhood that genuinely upgrades daily life.

112-120 E Redwood St, Mission Hills

$1,075,000

2 Beds

2 Baths

SW26184854 MLS

ACTIVE Status

Discover the charm of this quintessential 2 bedroom, 2 bath Craftsman bungalow in the heart of North Park, ideally located just one block south of Adams Avenue and 3 blocks west of 30th Street. Blending timeless character with modern updates, this inviting home offers a perfect balance of comfort, style, and San Diego living. Situated on a spacious, fully fenced corner lot, the property offers an exceptional amount of outdoor living space. The private side yard offers pavers, market lighting, fruiting citrus, pomegranate and passion fruit, perfect for morning coffee, al fresco dining, entertaining friends, or simply enjoying the beautiful San Diego weather. Open the front side gate and the front and rear patios become one expansive outdoor setting, creating a wonderful extension of the home with plenty of space to relax and entertain while taking in gorgeous sunset views. Inside, the home is filled with natural light and classic details. The updated kitchen features crisp shaker-style cabinetry, quartz countertops, and stainless appliances, creating a bright and welcoming space for everyday living and entertaining. Beautiful oak hardwood floors add warmth throughout the living areas, while matching French doors provide a stunning architectural detail and open effortlessly to the outdoor spaces, creating a seamless connection between inside and out. Thoughtful modern upgrades add both comfort and convenience, including a tankless water heater, central AC, washer and dryer, newly replaced microwave and dishwasher, beautifully updated bathrooms and Recently updated foundation Discover the charm of this quintessential 2 bedroom, 2 bath Craftsman bungalow in the heart of North Park, ideally located just one block south of Adams Avenue and 3 blocks west of 30th Street. Blending timeless character with modern updates, this inviting home offers a perfect balance of comfort, style, and San Diego living. Situated on a spacious, fully fenced corner lot, the property offers an exceptional amount of outdoor living space. The private side yard offers pavers, market lighting, fruiting citrus, pomegranate and passion fruit, perfect for morning coffee, al fresco dining, entertaining friends, or simply enjoying the beautiful San Diego weather. Open the front side gate and the front and rear patios become one expansive outdoor setting, creating a wonderful extension of the home with plenty of space to relax and entertain while taking in gorgeous sunset views. Inside, the home is filled with natural light and classic details. The updated kitchen features crisp shaker-style cabinetry, quartz countertops, and stainless appliances, creating a bright and welcoming space for everyday living and entertaining. Beautiful oak hardwood floors add warmth throughout the living areas, while matching French doors provide a stunning architectural detail and open effortlessly to the outdoor spaces, creating a seamless connection between inside and out. Thoughtful modern upgrades add both comfort and convenience, including a tankless water heater, central AC, washer and dryer, newly replaced microwave and dishwasher, beautifully updated bathrooms and Recently updated foundation with sump pump. Parking is another standout feature, with a private 2 car driveway secured behind a remote gate, along with a one-car garage offering parking and additional storage. Best of all, this home places you in the heart of one of San Diegos most vibrant and sought-after neighborhoods. North Parks celebrated walkability is right outside your door, with restaurants, cafs, shopping, parks, and neighborhood schools all within easy reach. Enjoy the energy and character of the neighborhood while coming home to your own private retreat. Charming, updated, and wonderfully located, this North Park Craftsman is a rare opportunity to enjoy the best of classic San Diego character with the modern comforts and outdoor lifestyle youve been looking for.

4593 Idaho, Normal Heights

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