Listing Broker: South Coast Commercial, Inc.
Listing Agent: Kevin Hemstreet
DRE #01954054: 01490629
619-309-9296
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.
| Listing Id: | 260024802SD |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Waterfront?: | No |
| Subdivision: | San Diego |
| Year Built: | 1959 |
| Basement Yn: | No |
| Cooling: | None |
| Fencing: | Partial |
| Gross Scheduled Income: | $119,520 |
| Levels: | Two |
| Listing Contract Date: | 2026-10-13 |
| Net Operating Income: | $80,319 |
| Park Name: | N/A |
| State Or Province: | CA |
| Stories: | 2 |
| Tenant Pays: | Water |
| Country Subdivision: | 06073 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06073:5461120300 |
| List Price: | $1,500,000 |
|---|---|
| Association Fee: | $0 |
| City: | San Diego |
| County Or Parish: | San Diego |
| Postal Code: | 92102 |
| Number Of Units Total: | 4 |
| Directions: | CrossStreet: 35th St |
| Heating?: | Yes |
| Listing Agreement: | ExclusiveRightToSell |
| MLS Area Major: | 92102 - San Diego |
| Number Of Buildings: | 1 |
| Original List Price: | $1,500,000 |
| Parcel Number: | 5461120300 |
| Postal City: | SAN DIEGO |
| Roof: | Composition |
| Stories Total: | 2 |
| Current Price: | $1,500,000.00 |
| Record Signature: | -1,208,534,101 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 14, 2026. 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.
California Regional Multiple Listing Service, Inc. data last updated on October 14, 2026 12:50 AM - PT
Property Last Updated: October 14, 2026 12:50 AM - PT
