2259 Market Street, San Diego, CA 92102

• 4,608 sqft

Property Description

Rare multifamily ADU densification opportunity in Sherman Heights, San Diego. By-right ADU development under CA SB-1211 allows expansion from 6 to 12 units. The property features a well-maintained 3-story, 6-unit apartment building (4,608 SF) on a 7,500 SF lot, built in 1927, with month-to-month tenancies and current gross income exceeding $10,000/month. Professionally prepared plans are in final approval for 6 new ADUs across three detached, two-story structures totaling approximately 2,884 SF. Upon completion, the ADUs are projected to generate an additional $13,000+/month in gross rental income. The site is zoned CC-3-4, with ministerial ADU approvals that significantly reduce entitlement risk and development timelines. Ideal for investors seeking unit-count expansion and long-term rental growth in a prime urban infill location.

Listing Status:

Active

Date Added:

January 30, 2026

Data Last Updated:

May 20, 2026 at 1:16PM

Listing Office:

Top Gun CRE : 619-550-4515

Listing Agent:

Max Delbecq : 858-333-7701

MLS ID:

PTP2600758

Interior

• A/C: None
• Heating: None

Exterior

• Parking: Parking spaces: 0

Construction

• General: 3

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRP
• County: San Diego

Lot

• Zoning: CC-3-45352301100

Financial

• Source: CRMLS_CRP