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$1,900,000

  • For Sale
  • Active
  • Commercial Multi-Family
  • 4,608 Sq. Ft.
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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.

Full Property Details for 2259 Market St

General

  • Price: $1,900,000
  • Status: Active
  • Type: Commercial Multi-Family
  • Source: MRMLS
  • MLS ID: PTP2600758
  • Updated: 1/29/2026
  • Days on Market: 19 days
  • Added to Site: 20 day(s) ago

Location

  • County: San Diego
  • Driving Directions: Google Maps

Structural Information

  • # Buildings: 4
  • Entry Floor Number: 1
  • Stories/Levels: 3
  • Building Size: 4608
  • Square Feet: 4,608
  • Year Built: 1927

Lot Features

  • Lot Size Source: Other
  • Lot Features: Lot 6500-9999, Rectangular Lot, Level, Near Public Transit
  • Lot Description: Lot 6500-9999, Rectangular Lot, Level, Near Public Transit

Financial Considerations

  • Price Per Sq. Ft.: $412
  • Expenses: $42,097
  • Operating Expenses: $42,097

Disclosures and Reports

  • Property ID: 5352301100

Listed by Top Gun CRE, MaxDelbecq and KennethHerskind

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Listing agents

— 2259 Market St —

  • MaxDelbecq

    Top Gun CRE

  • KennethHerskind

maxd@topguncre.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2259 Market St

School District:San Diego City Unified School District
NameGradesDistance
Sherman Elementary School
301 22nd Street, San Diego, CA 92102
K-50.1 mi
Logan Memorial Educational Campus
2875 Ocean View Boulevard, San Diego, CA 92113
6-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2259 Market St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/28/2026
Listed
$1,900,000
18.75%
MLS
5/09/2025
Sold
$1,600,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2259 Market St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,347
4%
$263,204
2%
2024
$3,219
2%
$258,044
2%
2023
$3,146
3%
$252,985
2%
2022
$3,061
1%
$248,025
2%
2021
$3,041
1%
$243,163
1%
2020
$3,004
2%
$240,671
2%
2019
$2,951
7%
$235,953
2%
2018
$2,761
2%
$231,327
2%
2017
$2,694
2%
$226,792
2%
2016
$2,648
1%
$222,346
2%
2015
$2,609
2%
$219,007
2%
2014
$2,570
—
$214,718
—
2013
$2,567
—
$213,748
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 2259 Market St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Top Gun CRE, MaxDelbecq and KennethHerskind

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2259 Market Street, San Diego, CA 92102 (MLS# PTP2600758) is a Commercial Multi-Family property. 2259 Market Street is currently listed for $1,900,000 and was received on January 28, 2026. Want to learn more about 2259 Market Street? Do you have questions about finding other Commercial Multi-Family real estate for sale in Southeast Escondido? You can browse all Southeast Escondido real estate or contact a Coldwell Banker agent to request more information.

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