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$1,595,000
8 Beds ⋅ 4 Baths ⋅ 260022174 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.
This rare two-unit multi-family property offers an incredible opportunity for investors or owner-occupants. Each unit features 4 bedrooms and 2 bathrooms, providing spacious living for tenants or potential rental income. Perfectly located right next to San Diego State University, this property enjoys strong rental demand and consistent occupancy. Currently tenant-occupied with long-term leases, it offers immediate cash flow for the savvy investor. Both units boast functional layouts, full kitchens, and comfortable living spaces—ideal for students, faculty, or families. Don’t miss this chance to own a solid income-generating property in a high-demand San Diego location.

6266-68 Stewart St, Talmadge/San Diego Central
$1,500,000
7 Beds ⋅ 3 Baths ⋅ 260020889 MLS ⋅ ACTIVE Status
This renovated single-story 7-bedroom, 3-bathroom home offers 1,790 sq ft of living space on a large flat 6,074 sq ft lot and is perfectly located just a half-mile from San Diego State University on Mary Lane Drive. Ideal for SDSU students or investors, the interior features modern finishes, stainless steel appliances, and a spacious layout designed for comfortable roommate living. The low-maintenance hardscaped backyard provides a great outdoor space for relaxing or entertaining, while the wide driveway offers convenient off-street parking. Turnkey and move-in ready, this College Area property combines excellent location, generous lot size, and practical student housing features in one of San

6233 Mary Lane Dr, Talmadge/San Diego Central
$1,549,000
7 Beds ⋅ 4 Baths ⋅ 260020164 MLS ⋅ ACTIVE Status
Spacious and extensively updated 7-bedroom, 4-bath split-level home in the highly sought-after Picard Estates, just minutes from San Diego State University. Offering 3,621 sq. ft. of living space on nearly a 1/4-acre lot, this versatile property provides an exceptional combination of space, functionality, and flexibility for a large household, multigenerational living, or those seeking additional room for guests, work, recreation, or other lifestyle needs. The main level features 6 bedrooms and 2.75 bathrooms, while the lower level offers a huge family room with a private exterior entrance, plus an additional bedroom and newly remodeled en-suite bathroom. The generous downstairs space provides exceptional flexibility and may offer potential for further customization, subject to applicable permits and approvals. The large upgraded kitchen features granite countertops, dual sinks, tile flooring, newer cabinetry, and a gas range. Bathrooms throughout the home have been updated with granite finishes and modern fixtures. The primary suite includes a private bathroom, oversized walk-in closet, and direct access to the rear patio. Additional highlights include formal living and dining rooms with high ceilings, a spacious downstairs family room, vinyl plank flooring throughout the main living areas, carpeting in the bedrooms, and an attached 2-car garage with direct access to the home. The spacious rear yard features a large cement patio, providing plenty of room for outdoor dining, entertaining, or simply enjoying the Southern California lifestyle. [See supplemental remarks.] With its substantial square footage, unusually flexible floor plan, prime location near SDSU, and extensive bedroom and living space, this is a rare opportunity to own a property with exceptional versatility and room to make it your own.

5310 Prosperity, Talmadge/San Diego Central
$1,550,000
8 Beds ⋅ 4 Baths ⋅ OC26179939 MLS ⋅ ACTIVE Status
Excellent opportunity to invest in the popularSan Diego State University College Area!This propertyfeatures a remodeled 6 bedroom/3 bath home with central air conditioning, updated kitchen with solid countertops, tile backsplash and expansive peninsula, spacious bedrooms, in-unit washer & dryer, ceiling fans, a largeenclosed yard with private patio off of back bedroom and driveway parking for 2 cars! The second rental is a fullydetached 2 bedroom/1 bath ADU built in 2019, boasting anopen living room, kitchen with dishwasher, ceilings fans and in-unit washer & dryer! The detached ADU hasits ownprivategated and spacious patio! Perfectly located with nearby parks, public transit, shopping, dining and entertainment! The larger home is leased at $5,400 per month and ADU is leased at $2,000 per monthfor a total of $7,400 through July 2027. Professional management is in place and can easily transferwith the property! Excellent opportunity to invest in the popularSan Diego State University College Area!This propertyfeatures a remodeled 6 bedroom/3 bath home with central air conditioning, updated kitchen with solid countertops, tile backsplash and expansive peninsula, spacious bedrooms, in-unit washer & dryer, ceiling fans, a largeenclosed yard with private patio off of back bedroom and driveway parking for 2 cars! The second rental is a fullydetached 2 bedroom/1 bath ADU built in 2019, boasting anopen living room, kitchen with dishwasher, ceilings fans and in-unit washer & dryer! The detached ADU hasits ownprivategated and spacious patio! Perfectly located with nearby parks, public transit, shopping, dining and entertainment! The larger home is leased at $5,400 per month and ADU is leased at $2,000 per monthfor a total of $7,400 through July 2027. Professional management is in place and can easily transferwith the property!

4922 64th, Talmadge/San Diego Central
$1,395,000
6 Beds ⋅ 3 Baths ⋅ 260019718 MLS ⋅ ACTIVE Status ⋅ College Area BLDG.
4921-23 Gary St is a brand-new construction duplex in the heart of the SDSU rental community, offering a rare turnkey investment opportunity. The property features a spacious 5BD/2BA unit alongside a 1BD/1BA unit, generating $8,340/month in combined rental income in one of San Diego's most consistently in-demand rental markets. Both units offer beautiful, brand-new interiors with zero deferred maintenance, giving new ownership immediate cash flow from day one. Driveway parking adds valuable convenience in a submarket where off-street parking is highly sought after. Ideally positioned near SDSU, transit, and neighborhood retail, this asset offers strong leasing velocity and long-term rental stability.

4921-23 Gary St, Talmadge/San Diego Central
$1,895,000
9 Beds ⋅ 4 Baths ⋅ 260018509 MLS ⋅ ACTIVE Status ⋅ College Area BLDG.
Turn Key 2021 Renovation/construction student rental property leased through August 1st 2027 for $12,900 per month at a 5.6% Cap rate WITH 3RD PARTY MANAGEMENT IN PLACE. Excellent passive cash-flowing investment and 1031 exchange option. Main house is a 5bed/2ba, ADU in back is a 4bed/2ba. All market rate no deed restrictions! Prime location short walk to the SDSU campus and Aquaplex & fields. This property usually rents 8-11 months in advance each year due to desirable layout, finishes, and proximity to campus. 3 off street parking spots plus 8 street parking permits (4 per address). In unit washer dryers

5270-72 Manhasset Dr, Talmadge/San Diego Central
$1,100,000
7 Beds ⋅ 5 Baths ⋅ 260017797 MLS ⋅ ACTIVE Status
Prime investment opportunity just 5 minutes from SDSU! Rare triplex-style property with three income-producing residences on one lot: two 3-bed, 2-bath units plus an attached studio. One unit was renovated three years ago. Strong parking with two single-car garages, six front spaces, and four rear alley spaces. Bonus monthly billboard income, separate gas and electric meters, fenced yard, and walkable location near shopping and the Joan Kroc Center. Ideal rental asset! Excellent cash flow and upside now.! Buyers & Buyers agent to verify all herein prior to submitting an offer!

6430 University Ave, Talmadge/San Diego Central
$875,000
8 Beds ⋅ 8 Baths ⋅ 260016590 MLS ⋅ ACTIVE Status
4286 51st Street is a shovel-ready 6-unit multifamily development opportunity positioned for immediate execution in a centrally located San Diego infill market. Just south of Talmadge and steps to Colina Park. With plans centered around an efficient mix of two-bedroom and one-bedroom residences with in unit laundry, the project is designed to deliver strong rentability, durable income, and multiple exit strategies for the next owner. The design is distinctive: a stepped roofline and high ceilings that gives each unit architectural identity. For builders, developers, and private investors seeking yield, basis control, and a defined path to stabilization, this project represents a compelling shovel-ready opportunity with economics that are easy to underwrite and a location positioned for long-term tenant demand. 9.42% project cap rate UNIT MIX 2 2bed 2 bath units and 3 1 bed 1 bath units 1 1 bed 1 bath affordable

4286 51st St, Talmadge/San Diego Central
$3,925,000
16 Beds ⋅ 12 Baths ⋅ 260013949 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
$1,249,999
8 Beds ⋅ 4 Baths ⋅ 260013616 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.
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. 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. Both units are now vacant

5067 Alumni Pl, Talmadge/San Diego Central
$26,500,000
150 Beds ⋅ 150 Baths ⋅ 260012698 MLS ⋅ ACTIVE Status
Crescent Gardens is a well-located 109-unit garden-style apartment community in the heart of San Diego’s College Village neighborhood in the San Diego State University submarket. Built in 1967, the property offers a stable, income-producing asset with strong appeal to students, faculty, and young professionals due to its proximity to San Diego State University (SDSU), which is just blocks away, as well as convenient access to major employment centers, shopping, dining, and recreation in the greater San Diego metro area.

4881 Rolando Ct, Talmadge/San Diego Central
$4,200,000
14 Beds ⋅ 7 Baths ⋅ 260012515 MLS ⋅ ACTIVE Status ⋅ College Area BLDG.
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
$1,895,000
10 Beds ⋅ 5 Baths ⋅ 260004275 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.
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
$2,995,000
16 Beds ⋅ 9 Baths ⋅ 260004170 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.
TURN KEY 4-unit SDSU student rental property offered at a 5.9% CAP rate WITH MANAGEMENT in place! 6407-13 Richard St is comprised of (1) 5BR/3BA, (2) 4BR/2BA, and (1) 3BR/2BA - totalling 16beds/9baths and 4,410 sqft. Current management is very effective in negotiatinghigh rental lease rates and can continue. Excellent Turn-Key return for an investor. These properties operate on 12 month lease with earlyrenewals so vacancy averages less than 2%. This new construction property is expected to generate $20,200/month starting August 2026 rented on a year lease to students

6407-13 Richard St, Talmadge/San Diego Central
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