3141 IMPERIAL AVE # 53 San Diego CA 92102-4319

The Weddle Group of TWG Commercial is pleased to present for sale 3141–53 Imperial Avenue, an eight-unit multifamily property located in the heart of San Diego, California. This asset represents a rare true value-add and development opportunity, offering meaningful upside through renovation, repositioning, and potential redevelopment. The property is well-suited for private investors, multifamily developers, and value-add operators seeking a well-located transit-adjacent opportunity in a rapidly evolving corridor. The property benefits from direct frontage along the newly funded Imperial

Avenue Bikeway, scheduled for completion in 2026, which is expected to enhance connectivity, accessibility, and long-term neighborhood appeal. The large, well-configured lot provides substantial development potential and compares favorably to recent multifamily projects in the immediate area. The property, located in an opportunity zone, is immediately adjacent to a

San Diego Trolley station, positioning the site to maximize allowable density and development incentives under the City of San Diego’s Complete Communities Initiative and California Senate Bill 79, which takes effect July

1st. These policies create a favorable framework for increased residential development, reduced parking requirements, and streamlined approval pathways, making this property particularly attractive to developers, QOZ funds, and institutional capital. The asset will be delivered with three units vacant, allowing a new owner to implement renovations and reposition the property immediately. In addition, there are three vacant two-car garages featuring existing plumbing and electrical infrastructure with direct access to a private courtyard, providing an excellent opportunity for ADU conversion and additional income potential. Under no circumstances should the property be entered or tenants disturbed. All inquiries must be directed exclusively to the listing agent,

Gary Weddle.

SELLER FINANCING AVAILABLE. INQUIRE WITH LISTING AGENT.

• True Value-Add Investment with Three Units and Garages Delivered Vacant with ADU Potential.

• Zoned R-M-3 FAR Tier 3 Bonus 6.5 within Opportunity Zone.

• Potential for Redevelopment via the Complete Communities Initiative and SB79. Located just steps away from a San Diego Trolley Station.

• Significant New Construction and Neighborhood Revitalization in Process.

• All Leases are Month-to-Month.

• One Cottage Fully Upgraded & Multiple Units Partially Upgraded.

• Less than 3 Miles to Downtown San Diego

• Located on the New $25M SANDAG Imperial Avenue Bikeway Enhancement Project.

• On-Site Laundry Room (no lease).