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The Madison is a fully renovated/new construction 12-unit multifamily asset in the heart of Talmadge, one of central San Diego's most established character neighborhoods. The property features eight fully renovated 2BR/1BA units in the front building and four 2023 new construction two-story studio loft units at the rear, all delivered with quartz countertops, designer finishes, stainless appliances, in-unit washer/dryers, dual-pane vinyl windows, and individually controlled mini-split HVAC. Operationally efficient with water and sewer billed back to residents (RUBS) and fully upgraded electrical throughout. Major building systems and interior finishes are current, eliminating deferred maintenance and renovation execution risk. The combination of renovated and new construction product diversifies the tenant base across studio and 2BR floor plans while unlocking a layered depreciation strategy across two distinct cost bases. Walkable to Kensington Village, the Adams Avenue corridor, and the El Cajon Boulevard transit spine, with quick access to Mission Valley, Downtown, SDSU, and major job centers via I-8, I-15, and SR-94. Talmadge has historically delivered sticky tenancy, below-average turnover, and consistent rent growth, with comparable in-place rents to Kensington and North Park at a discount per door.
Property Type(s):
Commercial
| Last Updated | 6/9/2026 | Year Built | 0 |
|---|---|---|---|
| Community | 92115 - San Diego | County | San Diego |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 92115 - San Diego |
| HEAT | None |
| LOT | 0.25 acre(s) |
| LOT DIMENSIONS | 0.25 |
Location
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Listed with Newmark of Southern California
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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