3141-53 Imperial Ave San Diego, CA 92102

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.