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$3,925,000
260013949SD MLS Active Status
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. The combination of renovated and new construction product diversifies the tenant base across studio and 2BR floor plans while unlocking a layered depreciation strategy across two distinct cost bases. Walkable to Kensington Village, the Adams Avenue corridor, and the El Cajon Boulevard transit spine, with quick access to Mission Valley, Downtown, SDSU, and major job centers via I-8, I-15, and SR-94. Talmadge has historically delivered sticky tenancy, below-average turnover, and consistent rent growth, with comparable in-place rents to Kensington and North Park at a discount per door.

5074 Madison Ave, Talmadge/San Diego Central

$2,925,000
3 Beds 5 Baths 260013633SD MLS Active Status
Alvarado Estates home, on 4 acres with its own private gate, designed for both comfortable living and effortless entertaining. Expansive windows showcase breathtaking canyon views, spectacular sunsets, sparkling city lights, and seasonal fireworks displays. At the heart of the home is a spacious great room where the family room and gourmet kitchen seamlessly connect. Rich light hickory flooring, custom built-in cabinetry, and one of three fireplaces create a warm yet sophisticated atmosphere. The chef's kitchen features premium Dacor and Sub-Zero appliances, including three ovens, a six-burner gas cooktop, warming drawers, twin refrigerator and freezer units, a beverage refrigerator, prep sink, dishwasher, and an impressive 8-by-8-foot walk-in pantry. The primary suite serves as a private retreat with expansive views, a generous walk-in closet, and a luxurious bath with soaking tub and separate shower. Two additional ensuite bedrooms and a dedicated home office provide comfort and flexibility. Outdoor amenities include a pergola-covered seating area, tranquil water feature, firepit, raised garden beds, and a variety of mature fruit trees including lemon, tangerine, grapefruit, plum, apricot, nectarine, peach, and guava. An unfinished walk-out basement offers exceptional potential for future expansion. A rare opportunity to enjoy refined estate living in one of San Diego's most sought-after communities.

4505 Palo Verde Terrace, Talmadge/San Diego Central

$1,380,000
260013616SD MLS Active Status
5067 Alumni Place presents a rare opportunity to acquire a fully gut-remodeled 2-unit property with architectural plans to be submitted to city add two additional units with STREET ACCESS from both sides, offering both high rental income (BY SDSU) and clear development upside. The existing improvements consist of two spacious units, each featuring 4 bedrooms and 2 bathrooms at approximately 1,500 square feet per unit (Total 8B/4B). Both units have been completely renovated, providing modern layouts, updated systems, and strong rental appeal. Bank just appraised it for 1.7M! Plans call for the construction of a new two-story building featuring two additional units with a patio deck: a 4-bedroom, 2-bath unit of approximately 1,200 square feet and a 2-bedroom, 1-bath unit of approximately 600 square feet, with one unit on each level (Total 6B/3B). Strategically located in the College Area, directly adjacent to San Diego State University, the property sits in one of San Diego’s strongest and most consistent rental corridors. Proximity to campus, transit, and neighborhood amenities makes this an ideal asset for investors seeking stable cash flow today with the ability to significantly increase density and long-term value. This property offers rare both front and back street access to both levels and the proposed new 2 unit. Parking is abundant on Reservoir Dr and does not require a permit. The top unit has been rented out for 5K/month on a 6 month lease to help carrying cost until summer rental season. This property offers more value compared to recent listings or sold comps in the area.

5067 Alumni Pl, Talmadge/San Diego Central

$4,200,000
260012515SD MLS Active Status
Two adjacent parcels totaling 13,200 SF with 4 units total, zoned RM-3-9 within the College Area Community Plan Update — a designated Transit Priority Area (TPA) and Sustainable Development Area (SDA). Base zoning supports 23+ units by right at 1 unit per 600 SF, with additional density available through state and local bonus programs. TPA eliminates parking minimums and unlocks density bonus eligibility; SDA supports higher-intensity infill. Currently operating as student rentals — each property (SFR + attached ADU) is master-leased as a single unit. 5602 Dorothy Dr (7BR/3BA, 2,111 SF) leases at $11,600/month through 25/26, stepping up to $11,800/month for 26/27. 5610 Dorothy Dr (7BR/4BA, 2,500 SF) leases at $11,600/month through 25/26, stepping up to $11,850/month for 26/27 — totaling $23,200/month currently, escalating to $23,650/month with no lease-up risk.

5602 & 5610 Dorothy Dr, Talmadge/San Diego Central

$1,295,000
7 Beds 3 Baths 260011630SD MLS Active Status
Brand New $105,000 Price Reduction – Bring All Offers! Excellent investment opportunity in the heart of the College Area. 6239-41 Mary Lane is ideally located on one of the premier streets surrounding San Diego State University, just a short walk to campus, public transit, restaurants, and shopping. Historically operated as a successful student rental, the property has consistently benefited from strong demand and occupancy fueled by SDSU's growing off-campus housing market. The spacious floor plans are well-suited for student or roommate living and feature ample off-street parking on a large, level lot. Investors will appreciate the strong in-place income with additional upside through future renovations, operational improvements, and the potential to add ADUs (buyer to verify), as several neighboring properties have successfully expanded. Also available: The adjacent property at 6233 Mary Lane Dr may be purchased together or separately, providing a rare opportunity to acquire two neighboring investment properties in one of San Diego's strongest student rental markets.

6241 Mary Lane Dr, Talmadge/San Diego Central

$299,000
1 Beds 1 Baths 260011220SD MLS Active Status
Looking for a charming, move in ready condo in a central San Diego location? This first floor condo has everything you need at an outstanding value of $299k! Welcome to this charming condo offering the perfect blend of comfort, convenience, and value in a prime central location. This spacious unit is thoughtfully designed with features that make everyday living easy, including tandem parking for two cars, in-unit full-size washer and dryer, A/C units and heaters for year-round comfort, and low HOA dues that include trash and water. Inside, you’ll find an inviting living space highlighted by a cozy wood-burning fireplace and charming built-in bookshelf, creating the perfect atmosphere to relax or entertain. The well-appointed kitchen features stainless steel appliances, including a dishwasher, while the bathroom showcases a timeless claw-foot tub that adds warmth and character to the home. The condo has been well cared for and offers an ideal opportunity for a first-time buyer, investor, or anyone looking to enjoy low-maintenance living in an unbeatable location. Situated just minutes from San Diego State University, Snapdragon Stadium, and the vibrant neighborhoods of North Park, you’ll also enjoy quick access to major freeways, transit centers, and downtown San Diego. This condo delivers comfort, character, and an exceptional location all in one. A smart buy for buyers looking to maximize value!

4261 49th Street Unit 3, Talmadge/San Diego Central

$297,000
1 Beds 1 Baths 260008562SD MLS Active Status
Step into stylish, easy living at Casa Del Sol — an inviting VA-approved community tucked into the charming, centrally located neighborhood of Talmadge. Perched on the top floor, this light-filled one-bedroom condo offers a peaceful retreat with a bright, airy ambiance and a layout designed for comfort and efficiency. Inside, you’ll find an organized kitchen that maximizes space and functionality, along with an upgraded bathroom featuring both a tub and shower. A blend of carpet and tile flooring adds warmth and durability throughout, while the wall-unit AC and heating ensure year-round comfort. This home also includes a designated parking space conveniently located in the rear alley. Casa Del Sol is a gated, 20-unit community offering a sense of privacy and tranquility, complete with a shared laundry facility and a beautifully landscaped open patio — perfect for relaxing or enjoying San Diego’s sunshine! Location is everything, and this one delivers. Just minutes from vibrant shopping, cozy coffee spots, local dining, nightlife, major freeways, SDSU, Snapdragon Stadium, and more! Don’t miss your chance to own this charming and well-located gem at 4425 50th St., #16 — where comfort, convenience, and opportunity come together!

4425 50th St. Unit 16, Talmadge/San Diego Central

$299,000
1 Beds 1 Baths 260006593SD MLS Active Under Contract Status
Discover ground-floor convenience in this serene 1-bedroom, 1-bathroom condo tucked away in the most private section of the community. A refreshing, resort-style pool is located just outside your front door! Step inside to find a modern, completely carpet-free interior featuring beautiful updated flooring throughout—offering easy maintenance so you can maximize your time relaxing in your own peaceful private oasis. A private, fenced-in front patio offers a wonderful spot to unwind with direct views of the inviting swimming pool. The home's prime location ensures a serene atmosphere set back from parking zones while providing quick access to community features. Situated in a central San Diego hub, you are just minutes away from San Diego State University, the natural beauty of Chollas Lake Park, and the premier shopping and dining at College Grove Center. Commuters will appreciate the convenient proximity to major transit routes and the 94 freeway for easy citywide travel. Experience a move-in-ready, resort-inspired lifestyle that perfectly pairs quiet relaxation with superior urban convenience.

6333 College Grove Way Unit 2104, Talmadge/San Diego Central

$1,895,000
260004275SD MLS Active Status
Turn Key student rental property with a rent guarantee through August 2027 for $13,000 per month at a 5.8% CAP RATE WITH 3RD PARTY MANAGEMENT IN PLACE. Excellent passive cash-flowing investment and 1031 exchange option. Main house is a 6bed/3ba, ADU in front is a 4bed/2ba. Units share access to the pool and deck with views overlooking the canyon. All market rate no deed restrictions! Located a short drive to SDSU campus surrounded by high demand student rentals. This property usually rents many months in advance each year due to the beautiful finishes through out and the large pool with views - a unique amenity that students search for in SoCal. Units have in-unit washer dryers, full kitchens, private entrances, and ample street parking.

5191 Alumni Pl, Talmadge/San Diego Central

$465,000
2 Beds 2 Baths 250044528SD MLS Active Status
Move in Ready 2-story townhome gated at the Lake Park Villas Community. Front entry gated courtyard patio for outdoor living. First floor has large spacious living room with half bath and good size eat in kitchen with lots of cabinets and granite countertops. Both bedrooms located upstairs with mirrored closets, updated bathroom with new toilet/bathtub. Dual pane windows throughout. Many upgrades include new recessed lighting, new refrigerator, new faucet in kitchen and bathrooms, new dishwasher, and new heater. Near FWY 94, 805, 15. Across the street from College Grove Shopping with Target and Sam's Club. Qualify for First Time Home Buyer Down Payment Assistance and closing costs grant with SDHC. Move in Ready 2-story townhome gated at the Lake Park Villas Community. Front entry gated courtyard patio for outdoor living. First floor has large spacious living room with half bath and good size eat in kitchen with lots of cabinets and granite countertops. Both bedrooms located upstairs with mirrored closets, updated bathroom with new toilet/bathtub. Dual pane windows throughout. Many upgrades include new recessed lighting, new refrigerator, new faucet in kitchen and bathrooms, new dishwasher, and new heater. Near FWY 94, 805, 15. Across the street from College Grove Shopping with Target and Sam's Club. Qualify for First Time Home Buyer Down Payment Assistance and closing costs grant with SDHC.

6333 College Grove Way Unit 5110, Talmadge/San Diego Central

$349,000
1 Beds 1 Baths 250043062SD MLS Active Status
SHORT SALE OPPORTUNITY! Enjoy stunning valley and city VIEWS from this beautifully updated end-unit condo at Sunrise Point! This bright, move-in-ready home features new flooring, a remodeled kitchen with stainless steel appliances, and a modern bathroom with stylish lighting and vanity. You’ll love the spacious bedroom with walk-in closet, IN-UNIT WASHER & DRYER, and central heat and air for year-round comfort. Relax on your private patio with storage, and take advantage of secure underground parking, plus access to the community’s lush landscaping, picnic areas, and spa. Conveniently located near shopping, dining, SDSU, and public transportation—this home truly has it all! MOTIVATED SELLER! Ask about our low down-payment and interest-rate buydown options to make this home even more affordable — this one won’t last long!

5980 Dandridge Ln Unit 215, Talmadge/San Diego Central

$365,000
250021146SD MLS Active Status
?? Investor Opportunity: Prime Development Land Near SDSU! Exceptional opportunity to acquire a 1.51-acre parcel zoned RS-1-1, ideally situated just minutes from San Diego State University. This strategically positioned vacant lot at 4600 Collwood Ln offers investors significant upside for residential development, including single-family homes with potential Accessory Dwelling Units (ADUs). Approximately 30% of the site is readily developable, with the balance presenting unique opportunities for creative site planning due to topography and shape. Benefit from high rental demand, convenient freeway access, and proximity to shopping, dining, and entertainment—all within the vibrant SDSU market area. Don’t miss your chance to capitalize on this prime San Diego investment opportunity!

4600 Collwood Lane, Talmadge/San Diego Central

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.