3517 23 J St, San Diego, CA 92102
Local realty services provided by:CENTURY 21 Adams & Barnes
3517 23 J St,San Diego, CA 92102
$1,500,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: kevin hemstreet
Office: south coast commercial, inc.
MLS#:260024802SD
Source:CRMLS
Price summary
- Price:$1,500,000
About this home
Introducing an exceptional investment opportunity in Southeast San Diego, just blocks from Interstate 15 and Imperial Avenue. 3517-23 J St is a well maintained 4-unit multifamily property featuring four 2 bed / 1 bath apartments (2,912 SF, built 1959) on a 7,071 SF RM-1-1 lot with off-street parking in front and a large open rear yard. Three units are leased with tenants reimbursing water through a RUBS program, and one unit is vacant. This is an ideal for an owner-user or a buyer looking to set rents at market from day one. What sets this property apart is the MASSIVE development upside: a full architect-designed plan set is in hand for four detached 2 bed / 1 bath ADUs in the rear yard, offering a clear path to double the unit count to 8 and dramatically increase income on a rare, deep infill lot. Current rents sit well below market, providing additional value-add upside even before any construction. Offered at $1,500,000, this is a compelling opportunity for the investor looking to capitalize on San Diego’s strong rental demand and build long-term value. Seller is completing a 1031 exchange; buyer to cooperate with seller’s exchange at no cost to buyer....
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Home facts
- Year built:1959
- Subdivision & Development:San Diego
- Listing ID #:260024802SD
- Added:10 day(s) ago
- Updated:October 24, 2026 at 11:28 AM
Structure and exterior
- Roof:Composition
- Year built:1959
- Levels:2 Story
Finances and disclosures
- Price:$1,500,000
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