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5074 Madison Ave
San Diego, CA 92115
The Madison Apartments · Multifamily Property For Sale
·
12 Units
Investment Highlights
- 12-unit multifamily asset on a single contiguous parcel in Talmadge
- Turnkey investment with new systems and minimal CapEx requirements
- Eight fully renovated 2BR/1BA units + four 2023-built studio lofts
- Strong location near Kensington, El Cajon Blvd, SDSU, and major job centers
Executive Summary
The Madison is a fully repositioned 12-unit multifamily asset located in San Diego’s sought-after Talmadge neighborhood. The property combines eight renovated two-bedroom, one-bath units with four newly constructed studio lofts delivered in 2023, creating a diversified unit mix that appeals to a wide tenant base. With modern interior finishes, upgraded systems, and minimal deferred maintenance, the asset offers stable in-place income and operational simplicity. Positioned in a quiet, tree-lined neighborhood with strong renter demand and proximity to major employment and transit corridors, The Madison provides investors with durable cash flow and continued rental upside.
Property Facts
| Price Per Unit | $362,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 4.56% | Building Size | 7,262 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1950/2024 |
| Apartment Style | Low-Rise | Parking Ratio | 0.75/1,000 SF |
| Zoning | RM-1-1, San Diego | ||
| Price Per Unit | $362,500 |
| Sale Type | Investment |
| Cap Rate | 4.56% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 7,262 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2024 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | RM-1-1, San Diego |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 2+1 | 8 | - | 725 |
Property Taxes
| Parcel Number | 466-251-19 | Improvements Assessment | $573,052 |
| Land Assessment | $2,016,295 | Total Assessment | $2,589,347 |
Property Taxes
Parcel Number
466-251-19
Land Assessment
$2,016,295
Improvements Assessment
$573,052
Total Assessment
$2,589,347
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