$4,900,000
3131-57 Adams Ave
San Diego, CA 92116
Listing agent: Ben Sierpina, Marcus & Millichap
Last updated Aug 31, 2026, 8:18 PM
Key details
About this home
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.
Home facts
Monthly payment
Estimate only. The rate, tax, and insurance figures are editable placeholders, not a lender quote.
- Principal and interest $24,777.07
- Property tax $4,491.67
- Insurance $1,429.17
- HOA $0.00
Comments
No comments yet.
Location
Similar homes
Open house · Oct 17, 2026, 12:00 PM–3:00 PM4 bed · 2 bath · 0 ft²
2450 A st, San Diego, CA 92102
Listing agent: Craig Schniepp, Berkshire Hathaway HomeServices California Properties
Last updated Oct 16, 2026, 2:37 PM
Open house · Oct 17, 2026, 2:00 PM–4:00 PM5 bed · 3 bath · 2,597 ft²
10636 Briarlake Woods Drive, San Diego, CA 92130
Listing agent: Richard Stone, Keller Williams Realty
Last updated Oct 16, 2026, 12:07 PM
Open house · Oct 17, 2026, 12:00 PM–3:00 PM5 bed · 3 bath · 2,275 ft²
4030 Forney, San Diego, CA 92117
Listing agent: Jeffrey Nix, Redfin Corporation
Last updated Oct 16, 2026, 10:52 AM
Open house · Oct 17, 2026, 1:00 PM–3:00 PM5 bed · 3 bath · 2,330 ft²
7832 Hillandale Dr, San Diego, CA 92120
Listing agent: Bridget Potterton, Keller Williams San Diego Metro
Last updated Oct 16, 2026, 12:35 PM
SDMLSListing data provided by San Diego MLS. Information deemed reliable but not guaranteed. Homes By Hive is not the listing broker. Each home names the listing agent and listing office.