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Multifamily Property in San Diego
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3141-53 Imperial Ave, San Diego, CA 92102

Eight-unit multifamily property with value-add and development potential.

Property SizeContact for details
Days on Market177

Property Features for 3141-53 Imperial Ave

General Information

Standard status Active
Property subtype Multifamily
Zoning RM-3-7
Listing Agency: TWG Commercial - The Weddle Group
Listed By: Gary Weddle · License #01919292
Source: Crexi
Added: Mar 6 Changed: Aug 8 Last Checked: Jul 23 at 4:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TWG Commercial - The Weddle Group

Investment Insights

Based on property information with market context.

Located in San Diego, California, the property at 3141–53 Imperial Avenue is an eight-unit multifamily asset. It presents a value-add and development opportunity through renovation, repositioning, and potential redevelopment. The property is suited for private investors, multifamily developers, and value-add operators seeking a transit-adjacent opportunity. The property benefits from frontage along the Imperial Avenue Bikeway, scheduled for completion in 2026. The large lot provides development potential. The property is located in an opportunity zone, adjacent to a San Diego Trolley station, positioning the site to maximize allowable density and development incentives under the City of San Diego’s Complete Communities Initiative and California Senate Bill 79, which takes effect July 1st. These policies create a framework for increased residential development, reduced parking requirements, and streamlined approval pathways. The asset will be delivered with three units vacant, allowing for renovations and repositioning. There are three vacant two-car garages featuring existing plumbing and electrical infrastructure with direct access to a private courtyard, providing an opportunity for ADU conversion and additional income potential.

Key Highlights

  • Significant value‑add and development opportunity through renovation, repositioning, and potential redevelopment.
  • Located in an opportunity zone immediately adjacent to a San Diego Trolley station, maximizing density and development incentives.
  • Three vacant units allow for immediate renovations and repositioning.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage HVAC Service Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,065
Businesses Nearby

Demographics for 92102, CA

39,783
Population
15,622
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
80%
High-School Grad
4.5 sq mi
ZIP Area
8,841
Density / Sq Mi
$71,319
Median Household Income
$40,142
Median Earnings
$1,855
Median Rent
$646,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight-unit multifamily property with value-add and development potential.
Where is this apartment building located?
The property is located at 3141-53 Imperial Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Significant value‑add and development opportunity through renovation, repositioning, and potential redevelopment.; Located in an opportunity zone immediately adjacent to a San Diego Trolley station, maximizing density and development incentives.; Three vacant units allow for immediate renovations and repositioning.
More about this property
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