Fully occupied and income-producing, the Arizona Street parcels at 4712 & 4714–16 Arizona St offer a rare 23,000 SF development opportunity in the heart of University Heights. This double-lot site presents a compelling blend of stable in-place income and long-term redevelopment potential in one of San Diego’s most desirable infill neighborhoods. The property currently generates $8,125/month from a remodeled single-family home and a well-maintained duplex. Much of the site is dedicated to surface parking, creating a clear path for higher-density residential development. Plans have been submitted to the City of San Diego for 18 two-story ADU townhome units (nine duplex-style buildings), streamlining the path for a buyer to execute on a shovel-ready strategy—or adapt the site for their own vision. Located within a Transit Priority Area and zoned RM-1-1, the site benefits from reduced parking requirements and enhanced density options. This site is available individually or as part of a larger 3.14-acre portfolio when combined with the adjacent 2436 Adams Avenue property, which features an additional 18 entitled units. Together, the assemblage offers 36 proposed units across three prime parcels. Whether acquired separately or as part of a larger play, this is a standout opportunity for developers and investors seeking immediate income with entitlement upside in central San Diego.
Fully occupied and income-producing, the Arizona Street parcels at 4712 & 4714–16 Arizona St offer a rare 23,000 SF development opportunity in the heart of University Heights. This double-lot site presents a compelling blend of stable in-place income and long-term redevelopment potential in one of San Diego’s most desirable infill neighborhoods. The property currently generates $8,125/month from a remodeled single-family home and a well-maintained duplex. Much of the site is dedicated to surface parking, creating a clear path for higher-density residential development. Plans have been submitted to the City of San Diego for 18 two-story ADU townhome units (nine duplex-style buildings), streamlining the path for a buyer to execute on a shovel-ready strategy—or adapt the site for their own vision. Located within a Transit Priority Area and zoned RM-1-1, the site benefits from reduced parking requirements and enhanced density options. This site is available individually or as part of a larger 3.14-acre portfolio when combined with the adjacent 2436 Adams Avenue property, which features an additional 18 entitled units. Together, the assemblage offers 36 proposed units across three prime parcels. Whether acquired separately or as part of a larger play, this is a standout opportunity for developers and investors seeking immediate income with entitlement upside in central San Diego.
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 18 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 43 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.
Nestled in the heart of Normal Heights, this fully remodeled Craftsman-style duplex is a rare and versatile opportunity for homeowners and investors alike. Situated on an expansive lot with excellent separation between the two units, the property offers incredible flexibility, privacy, and income potential in one of San Diegoâ??s most walkable and desirable neighborhoods. The front home is a beautifully preserved Craftsman bursting with charm and character, featuring original hardwood floors, detailed built-ins, classic millwork, and thoughtful architectural touches that showcase its historical roots. While it maintains its vintage appeal, the home has been completely upgraded for modern livingâ??including a show-stopping kitchen with beautiful cabinetry, quartz counters, stainless steel appliances, and high-end finishes. Every system has been updated, including plumbing, electrical, HVAC, ensuring worry-free ownership for years to come. Tucked privately toward the back of the lot, the detached second unit is equally impressive. Fully remodeled with $3,200/mo in potential rental income, it offers a turnkey solution for those looking to offset their mortgage, host extended family, or capitalize on San Diegoâ??s strong rental market. With its own private access off the alley and two dedicated off-street parking spaces, it feels like a standalone homeâ??ideal for long-term tenants or short-term guests. All of this is steps from the vibrant culture of Adams Avenue, with its eclectic shops, top-rated restaurants, and community events that define the neighborhood!
Dual-Unit Canyon View Home in Adams North STR-Ready + Fully Remodeled Unlock prime potential at 3554 Sydney Pl #56, a fully remodeled detached home in the heart of Adams North, one of San Diego’s most sought-after walkable neighborhoods. This versatile 2-unit layout is ideal for house-hackers, multigenerational living, or savvy investors. Both units are light-filled, stylish, and upgraded—featuring split A/C, in-unit laundry, private entries, and designer kitchens with white shaker cabinets and stainless appliances. The upper unit stuns with a 350+ sq ft private deck, while the lower unit boasts a canyon-facing balcony—perfect for STR guests or tenants craving indoor-outdoor flow. Currently thriving as high-performing short-term rentals, this property offers immediate income and long-term upside. Set against a serene canyon backdrop yet minutes from Adams Ave hotspots, boutique shops, breweries, and freeway access—location meets lifestyle, and income meets opportunity. Don’t miss this rare dual-income gem in one of San Diego’s most vibrant communities!
San Diego is located in California. San Diego, California 92116has a population of 1,385,398. San Diego 92116 is less family-centric than the surrounding county with 32.06% of the households containing married families with children. The county average for households married with children is 33.76%.
The median household income in San Diego, California 92116 is $89,457. The median household income for the surrounding county is $88,240 compared to the national median of $69,021. The median age of people living in San Diego 92116 is 35.4 years.
The average high temperature in July is 78.5 degrees, with an average low temperature in January of 45.6 degrees. The average rainfall is approximately 11.7 inches per year, with 0 inches of snow per year.
