Home | San Diego County | San Diego | 92116 | 3226-32 Adams Ave
MLS: SD250034283 | Status: | Price: $2,400,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | – | – |
PRICE REDUCED. Originally built in 1938, the 8-unit apartment complex is located in the highly desirable neighborhood of Normal Heights and boasts a Walk Score of 94. The complex rests on a 0.15 acres lot and features approximately 3,750 rentable square feet. The unit mix consists of (2) one-bedroom / one-bathroom unit and (6) one-bedroom / one-bathroom cottage units. Units feature refurbished hardwood flooring and cottage-style layouts with no shared walls. Current ownership has diligently maintained the property and recently added new roofs to the back building and two of the cottages. The main electrical panel, wiring and gas meters were also upgraded within the last 5 years. Several units have also been retrofitted with dual pane vinyl windows. Attractive tenant offerings include a quaint communal courtyard, secure gated entry, and unbeatable walkability to nearby retail. Parking is offered with (5) attached single-car garages that also create potential for an investor to add ADUs. With ample possibility for renovation, the property presents a strong value-add opportunity for an investor looking to extensively renovate the units to bring current rents to market and maximize overall cash flow. Irreplaceably located on Adams Avenue in central Normal Heights, the property is n
| Field | Value |
|---|---|
| MLS # | SD250034283 |
| MLS Source | San Diego MLS |
| Days on Site | 274 |
Ben Sierpina
Marcus & Millichap
License #: 02062416
Phone: (858) 775-9825
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 7 | 8 | 8 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Adams Elementary School | public | K-5 | 0.37 mi | 7 |
| Normal Heights Elementary School | public | K-5 | 0.69 mi | 5 |
| Garfield Elementary School | public | K-5 | 0.71 mi | 7 |
| San Diego Adult | public | UG | 0.81 mi | N/A |
| Edison Elementary School | public | K-5 | 0.96 mi | 7 |
| Wilson Middle School | public | 6-8 | 1.03 mi | 3 |
| Alba School | public | 1,2,3,4,5,6,7,8,9,10,11,12 | 1.08 mi | 1 |
| Jefferson Elementary School | public | K-5 | 1.21 mi | 7 |
| Franklin Elementary School | public | K-5 | 1.28 mi | 5 |
| Central Elementary School | public | K-5 | 1.32 mi | 4 |
| Cherokee Point Elementary School | public | K-5 | 1.36 mi | 3 |
| Birney Elementary School | public | K-5 | 1.50 mi | 10 |
| Home & Hosp/Transition Support | public | K-12 | 1.54 mi | N/A |
| Hoover High School | public | 9-12 | 1.60 mi | 4 |
| Nipaquay Elementary | public | K-5 | 1.77 mi | 6 |
| McKinley Elementary School | public | K-5 | 1.87 mi | 10 |
| Juarez Elementary School | public | K-5 | 1.93 mi | 5 |
| Joyner Elementary School | public | K-5 | 1.95 mi | 4 |
| Rosa Parks Elementary School | public | K-5 | 1.97 mi | 4 |
| Euclid Elementary School | public | K-5 | 2.00 mi | 8 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 4585 Felton St | $2,375,000 | – | – | – | |
| 3805 Winona Ave | $2,200,000 | – | – | – | |
| 4541 Oregon St | $2,700,000 | – | – | – | Active |
| 4549-4555 Park Blvd | $2,499,000 | – | – | – |
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This listing information is up-to-date as of April 22, 2026. For the most current information, please contact Ben Sierpina, (858) 775-9825.