3015 Madison Ave., San Diego, California 92116, San Diego, 92116 - 1 bed, 1 bath
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San Diego, California 92116
Analysis of 3015 Madison Ave., San Diego, California 92116 is currently available with a list price of $650,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the San Diego Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1938, this 396 sqft historic cottage is marketed as a 'value-add' opportunity for investors or developers. The exterior shows significant aging and weathered siding, and the property's extremely small footprint and lack of interior photos suggest that the kitchen, bathroom, and major systems require substantial rehabilitation or a complete overhaul to be functional by modern standards.
Situated in the heart of North Park near 30th Street, the property offers exceptional walkability to top-tier dining, breweries, and entertainment, ensuring high desirability for tenants and owners alike.
The CN-1-5 zoning provides a rare value-add opportunity to reposition the asset or explore development for a stacked duplex, offering substantial long-term upside.
Located in one of San Diego’s most vibrant rental markets, the property is perfectly positioned to capitalize on strong tenant demand driven by local lifestyle amenities and central proximity.
At only 396 square feet, the current structure is exceptionally small, which may limit its immediate appeal to traditional residential buyers without significant expansion.
The property's historic designation may impose strict renovation guidelines and regulatory hurdles, potentially increasing the cost and complexity of future development or upgrades.
Exceptional value-add opportunity, zoned CN-1-5, just off highly desirable 30th St near North Park. Ideal for investors, developers, or owner-users seeking upside potential in one of San Diego’s most vibrant rental markets. This historic designated home offers multiple strategies: renovate & hold for long-term appreciation, reposition for increased rental income, or explore development potential for a stacked duplex. Prime walkable location near top dining, breweries, coffee shops, boutiques & The Observatory North Park. Strong tenant demand driven by lifestyle amenities & central location with an opportunity to capitalize on a high-demand area with proven appreciation & rental growth. Rare chance to secure a property with both immediate & long-term upside!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 5% |
| Baths | 1.0 | 2.0 | 38% |
| Square foot | 396 | 1,497 | 2% |
| Lot Size | - | 4,998.5 | 17% |
| Price | $650.0K | $1.35M | 5% |
| Price per sq ft | $1.6K | $984 | 98% |
| Built year | 1938 | 1931 | 62% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 158 | 6% |
Apr 16, 2026
$650,000
Initial Listing
Sep 5, 2000
$50,000
Public Record