Commercial Property - 5074 Madison Ave, San Diego, CA

Description

Repriced: In-Place 5.66% Cap • Highest stabilized cap rate on the market in all of Uptown, San Diego (Talmadge, Kensington, North Park, Hillcrest, Etc.) • Lowest price per unit for a stabilized asset in all of Uptown • $307k/unit for 8, two-bedroom units and 4, new construction lofts • Motivated Seller – Bring any/all offers • Tours Available 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.

Property details

Location

5074 Madison Ave • San Diego, CA 92115

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Listed by

Erik Anderson · Newmark of Southern California