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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 4,350,000

Est. payment | -/mo

16 Beds

12 Baths

7,262 SqFt

Save

$ 4,350,000

Est. payment | -/mo

Save

16 Beds

12 Baths

7,262 SqFt

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 7,262 sqft

Price per Sqft $599

MLS Listing ID 260013949

Bedrooms 16

Full Baths 12

Property Sub-Type Com-Res Income

Property Description

The Madison is a fully renovated/new construction 12-unit multifamily asset in the heart of Talmadge, one of central San Diego's most established character neighborhoods. The property features eight fully renovated 2BR/1BA units in the front building and four 2023 new construction two-story studio loft units at the rear, all delivered with quartz countertops, designer finishes, stainless appliances, in-unit washer/dryers, dual-pane vinyl windows, and individually controlled mini-split HVAC. Operationally efficient with water and sewer billed back to residents (RUBS) and fully upgraded electrical throughout. Major building systems and interior finishes are current, eliminating deferred maintenance and renovation execution risk. The combination of renovated and new construction product diversifies the tenant base across studio and 2BR floor plans while unlocking a layered depreciation strategy across two distinct cost bases. Walkable to Kensington Village, the Adams Avenue corridor, and the El Cajon Boulevard transit spine, with quick access to Mission Valley, Downtown, SDSU, and major job centers via I-8, I-15, and SR-94. Talmadge has historically delivered sticky tenancy, below-average turnover, and consistent rent growth, with comparable in-place rents to Kensington and North Park at a discount per door.

Location

State CA

County San Diego

Community Other/Remarks

Area Metro Uptown

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Others

Senior Community No

Tax ID 466-251-19

Listed by Erik M Anderson, DRE#01991182 Newmark of Southern California

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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5074 Madison Ave San Diego, CA 92115