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$3,480,000
4 Beds 6 Baths 260022016 MLS ACTIVE Status
Sited on an acre in the prestigious Alvarado Estates, this historically designated Mills Act residence captures the enduring appeal of mid-century architecture with a thoughtfully updated interior. Embodying the Organic Geometric philosophy of design, the single-story home features a dramatic sunken living room anchored by a substantial brick fireplace, vaulted ceilings, expansive windows, and generous living spaces that open naturally to the surrounding grounds. A refined kitchen pairs timeless detailing with contemporary function, creating an inviting setting for both intimate gatherings and everyday living. Spacious ensuite primary offers a private retreat with a distinctly resort-like feel. Mature landscaping frames the private backyard complete with pool, spa, built-in barbecue, fireplace, spacious lawn, and multiple areas for outdoor dining and entertaining. Distinguished by its architectural character, exceptional scale, and seamless indoor-outdoor living, the residence offers a sophisticated expression of mid-century living in one of San Diego’s most coveted communities.

5330 Le Barron Rd, 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

$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

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