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Residential Income - 3517 23 J St, San Diego, CA

$1,500,000

3517 23 J St, San Diego, CA

MLS# 260024802SD

3517 23 J St, San Diego, CA 92102 - $1,500,000 · Multi-Family Home for Sale, photo 1 3517 23 J St, San Diego, CA 92102 - $1,500,000 · Multi-Family Home for Sale, photo 2 3517 23 J St, San Diego, CA 92102 - $1,500,000 · Multi-Family Home for Sale, photo 3 3517 23 J St, San Diego, CA 92102 - $1,500,000 · Multi-Family Home for Sale, photo 4 3517 23 J St, San Diego, CA 92102 - $1,500,000 · Multi-Family Home for Sale, photo 5
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Description

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.

Property details

Year built
1959
Property type
Residential Income

Location

3517 23 J St • San Diego, CA 92102

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Listing Agent

Kevin Hemstreet

DRE #: 01490629

Brokerage: South Coast Commercial, Inc.

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CRMLS

MLS# 260024802SD

Listed: 10/13/2026 12:59 PM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/13/2026 9:00 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: South Coast Commercial, Inc.

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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Nalren Corp. · CA DRE #02423715