$1,500,000
3517-23 J St
Mount Hope · San Diego, CA 92102
Listing agent: Kevin Hemstreet, South Coast Commercial, Inc.
Last updated Oct 13, 2026, 8:52 PM
Key details
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.
Features
- N/K
Home facts
Monthly payment
Estimate only. The rate, tax, and insurance figures are editable placeholders, not a lender quote.
- Principal and interest $7,584.82
- Property tax $1,375.00
- Insurance $437.50
- 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, 12:00 PM–3:00 PM4 bed · 4 bath · 2,413 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, 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.